Delivery Term Start Date. If the Final System Size is greater than 5kW, then
Delivery Term Start Date. Seller must initiate its first REC Delivery of the System to the Buyer’s PJM-EIS GATS account or M-RETS account, as applicable, within 90 calendar days of the System’s Energized Date or, if the System Energized Date occurred prior to the Effective Date of this Agreement, then within 90 calendar days of the Effective Date of this Agreement. The deadline for the first REC Delivery may be extended by Buyer at its sole discretion and may be extended to accommodate REC issuance and REC Delivery from small systems. For purposes of this section, the date of such initial transfer of RECs shall be the date as indicated by PJM-EIS GATS or M- RETS that such transfer into Buyer’s PJM-EIS GATS or M-RETS account occurred (the “Date of Initial REC Delivery”). On the Date of Initial REC Delivery, Xxxxx will designate the immediately following: January 1st, April 1st, July 1st or October 1st as the Delivery Term Start Date. For example, if the Date of Initial REC Delivery is December 15, 2015 then the Delivery Term Start Date shall be January 1, 2016.
Delivery Term Start Date. (a) Seller’s obligation to Deliver the Products and Buyer’s obligation to pay Seller for such Products commences on the Delivery Term Start Date.
Delivery Term Start Date. If the Final System Size is greater than 5kW, then (a) Seller must initiate its first REC Delivery of the System to the Buyer’s PJM-EIS GATS account or M-RETS account, as applicable, within 90 calendar days of when the System is Energized and registered with PJM-EIS GATS or M-RETS, or (b) if the System is Energized and registered with PJM-EIS GATS or M-RETS prior to the Effective Date of this Agreement, then within 90 calendar days of the Effective Date of this Agreement. If the Final System Size is equal to or less than 5kW, then (a) Seller must initiate its first REC Delivery of the System to the Buyer’s PJM-EIS GATS account or M-RETS account, as applicable, within 180 calendar days of when the System is Energized and registered with PJM-EIS GATS or M-RETS, or (b) if the System is Energized and registered with PJM-EIS GATS or M-RETS prior to the Effective Date of this Agreement, then within 180 calendar days of the Effective Date of this Agreement. The deadline for the first REC Delivery may be extended by Buyer at its sole discretion, which shall be exercised reasonably. A request for extension may be made by Seller to Buyer in writing in accordance with Article 14. For purposes of this section, the date of such initial transfer of RECs shall be the date as indicated by PJM-EIS GATS or M-RETS that such transfer into Buyer’s PJM-EIS GATS or M-RETS account occurred (the “Date of Initial REC Delivery”). On the Date of Initial REC Delivery, Buyer will designate the immediately following: January 1st, April 1st, July 1st or October 1st as the Delivery Term Start Date. For example, if the Date of Initial REC Delivery is December 15, 2015 then the Delivery Term Start Date shall be January 1, 2016.
Delivery Term Start Date. Seller’s obligation to Deliver the Products and Buyer’s obligation to pay Seller for such Products commences on the Delivery Term Start Date. The Delivery Term Start Date shall be the first day of the first calendar month following the receipt of Regulatory Approval, provided that Seller has satisfied all requirements of the ISO-NE Rules and ISO-NE Practices for the Delivery of the Products (subject in the case of the Certificates, to appropriate transfer protocols being developed and approved under the GIS Operating Rules) to the Buyer, and further provided Seller has satisfied the following conditions precedent as of such date: Seller has obtained and demonstrated possession of all Permits required for the lawful operation of the Facility, for the interconnection of the Facility to the Interconnecting Utility (including any Network Upgrades) and for Seller to perform its obligations under this Agreement; Seller (or the party with whom Seller contracts pursuant to Section 3.2(e)) has established all ISO-NE-related accounts and entered into all ISO-NE-related agreements required for the performance of Seller’s obligations in connection with the Facility and this Agreement, which agreements shall be in full force and effect, including the registration of the Facility in the GIS; no Default or Event of Default by Seller shall have occurred and remain uncured; the Facility is owned or leased by, and under the care, custody and control of, Seller; and Seller has delivered to Buyer: certificates of insurance evidencing the coverages required under Section 3.2(i); and the Seller Guaranty.
Delivery Term Start Date. ☐ January 1, 20_____ ☐ April 1, 20_____ ☐ July 1, 20_____ ☐ October 1, 20_____ Article 2 Delivery Term End Date 60 months following the Delivery Term Start Date: , 20___
