Energy Credits Sample Clauses

Energy Credits. In consideration of the Participation Fee paid by the Participant, and subject to all the terms and conditions set forth herein, the Participant named in this Agreement shall receive Energy Credits in the form of kilowatt hours (kWh) on their monthly KEC electric bill. The monthly Energy Credit shall be determined as described herein.
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Energy Credits. The energy credit to be applied to Company’s power bill for each Interruption will be calculated as follows: Where:
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Energy Credits. If Company’s IP Product Agreement provides for IP30, the energy credit to be applied to Company’s power xxxx for each Interruption will be calculated as follows: Where:
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Energy Credits. If Company’s IP Product Agreement provides for IP30, the energy credit to be applied to Company’s power bill for each Interruption will be calculated as follows: Credit = (Baseline-Demand)× hour×ECA×Heat Rate Where: “i” is each 5-minute Clock-interval during an Interruption when Company’s 5-Minute Metered Demand is less than Baseline. “n” is an Interruption period.
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Energy Credits. Customer shall own all right, title, and interest associated with or resulting from the development, construction, installation and ownership of any of the Work and the Scope of Work relating to the photovoltaic energy systems installed on Customer’s Facilities (“Generating Facilities”). This ownership includes the production, sale, purchase or use of the energy output including without limitation: (a) All Environmental Incentives of any kind whatsoever, monetary and non-monetary, associated in any way with the Generating Facilities. “Environmental Incentives” includes but is not limited to all rights, credits (including any available tax credits), rebates, renewable energy credits, Pacific Gas & Electric or other local utility, benefits, reductions, offsets, allowances and entitlements of any kind, howsoever entitled or named (including but not limited to carbon credits and allowances), whether arising under federal, state or local law, international treaty, trade association membership or the like and resulting from the Generating Facilities or the energy produced or otherwise from the development, construction, installation or ownership of the Work, the Generating Facilities or the production, sale, purchase, consumption or use of the energy produced from the Generating Facilities.
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Energy Credits. Other than its right to payment pursuant to this Contract and its tax deduction rights as a designer pursuant to Internal Revenue Code section 179(D), Designer/Builder shall have no right, title or interest associated with or resulting from the development, construction, installation and ownership of any of the Work, and in particular of the portion of the Work related to photovoltaic solar power systems installed as a component of the Project (“Generating Facilities”). This ownership includes the production, sale, purchase or use of the energy output including, and includes without limitation: 48.1. All Environmental Incentives associated in any way with the Generating Facilities. “Environmental Incentives” means all rights, credits (including tax credits), rebates, benefits, reductions, offsets and allowances and entitlements of any kind, howsoever entitled or named (including carbon credits and allowances), whether arising under federal, state or local law, international treaty, trade association membership or the like arising from the Generating Facilities or the energy produced or otherwise from the development, construction, installation or ownership of the Generating Facilities or the production, sale, purchase, consumption or use of the energy produced from the Generating Facilities. Without limiting the forgoing, “Environmental Incentives” includes green tags, renewable energy credits, tradable renewable certificates, portfolio energy credits, the right to apply for (and entitlement to receive) incentives under the California Solar Initiative or other incentive programs offered by the State of California and the right to claim federal income tax credits under Section 45 or 48 of the Code as such credits are available arising from the Environmental Attributes of the Generating Facilities or the energy produced from the Generating Facilities or the production, sale, purchase, consumption or use of the energy produced from the Generating Facilities.
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Energy Credits. (a) Independent of and in addition to the Purchase Price paid by Purchaser, the Target Company shall pay, or cause to be paid, to Parent amounts representing certain of the Adjusted Retail Credit and the ERCOT Short-Pay (each, as defined in the QSE Letter Agreement) (collectively, the “Energy Credits”) calculated and determined in the manner, and pursuant to the terms and subject to the conditions, set forth in this Section 6.21. For purposes of Section 382 of the Code (or any analogous provisions under applicable Laws), any gross income associated with the Energy Credits shall be allocated within a Straddle Period as if a “closing of the books” election has been made as of the close of the Closing Date. (b) Following the Closing, subject to the other terms of this Section 6.21, within 15 days following the receipt by the Target Company of each monthly invoice from TXU under the Energy Agreement, the Target Company shall pay, or cause to be paid, to Parent an amount in cash equal to (i) the portion of the Energy Credits actually applied to Charges or Performance Assurance (each, as defined in the Energy Agreement) payable to TXU by the Target Company pursuant to the Energy Agreement, if any, minus (ii)(A) the amount set forth in the foregoing clause (i), but only to the extent it was not treated as accruing in a Pre-Closing Period for purposes of computing the Tax Liability Amount, multiplied by (B) the Assumed Tax Rate (each, a “Tax Offset Amount”), by wire transfer of immediately available funds pursuant to instructions furnished by Parent in writing prior thereto. Further, following the Closing, if the Target Company receives any payment, or receives and actually applies any credit, from PPM relating to the return of any portion of the EMSA Payment (as defined in the QSE Letter Agreement) for any reason, the Target Company shall pay, or cause to be paid, the amount of such payment or credit by wire transfer of immediately available funds pursuant to instructions furnished by Parent in writing prior thereto. (c) All past due amounts owed by the Target Company to Parent which have not been paid to Parent within 15 days following the receipt by the Target Company of a monthly invoice from TXU under the Energy Agreement in accordance with the terms of Section 6.21(b) shall accrue interest from the date such amount was due and payable to Parent until payment thereof at a rate equal to 10% per annum, computed as simple interest on the basis of a year of 365 d...
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Energy Credits. ‌ County recognizes that the designer/contractor under this project may be eligible for a tax deduction for energy efficient commercial buildings under §179D of the Internal Revenue Code. County agrees and recognize that Contractor will be the designer of this project for purposes of the §179D deduction. County shall cooperate with Contractor in completing the paperwork and certifications necessary to allow Contractor to claim any §179D or other energy efficient commercial buildings tax deduction” provided credits cannot be used by or benefit County.
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Related to Energy Credits

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Credits An employee shall earn sick leave credits at the rate of nine decimal three seven five (9.375) hours for each calendar month for which such employee receives pay for at least seventy-five (75) hours.

  • Service Level Credits If Verint does not meet the Uptime Percentage levels specified below, Customer will be entitled, upon written request, to a service level credit (“Service Level Credit”) to be calculated, with respect to the applicable Hosted Environment, as follows: • If Uptime Percentage is at least 99.95% of the month’s minutes, no Service Level Credits are provided; or • If Uptime Percentage is 99.75% to 99.94% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is 99.50% to 99.74% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 7.5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is less than 99.50% of the month’s minutes, Customer will be eligible for a credit of 10.0% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint. Customer shall only be eligible to request Service Level Credits if Customer notifies Verint in writing within thirty (30) days from the end of the month for which Service Level Credits are due. All claims will be verified against Verint’s system records. In the event after such notification Verint determines that Service Level Credits are not due, or that different Service Level Credits are due, Verint shall notify Customer in writing on that finding. With respect to any Services Level credits due under Orders placed directly by Customer on Verint, Service Level Credits will be applied to the next invoice following Customer’s request and Verint’s confirmation of available credits; with respect to any Service Level Credits due for SaaS Services under Orders placed on Verint by a Verint authorized reseller on Customer’s behalf, Service Level Credits will be issued by such reseller following Customer’s request and Verint’s confirmation of available credits and such Services Level Credits may only be used by Customer with respect to subsequent purchases of Verint offerings through that reseller. Service Level Credits shall be Customer’s sole and exclusive remedy in the event of any failure to meet the Service Levels. Verint will only provide records of system availability in response to Customer’s good faith claims.

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Transmission Credits No later than thirty (30) days prior to the Commercial Operation Date, the Interconnection Customer may make a one-time election by written notice to the CAISO and the Participating TO to receive Congestion Revenue Rights as defined in and as available under the CAISO Tariff at the time of the election in accordance with the CAISO Tariff, in lieu of a refund of the cost of Network Upgrades in accordance with Article 11.4.1.

  • The Credits 23 SECTION 2.01. Commitments........................................

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that: (a) the Creditor Party shall not be obliged to allocate to this transaction any part of a tax repayment or credit which is referable to a class or number of transactions; (b) nothing in this Clause 23.4 shall oblige a Creditor Party to arrange its tax affairs in any particular manner, to claim any type of relief, credit, allowance or deduction instead of, or in priority to, another or to make any such claim within any particular time; (c) nothing in this Clause 23.4 shall oblige a Creditor Party to make a payment which would leave it in a worse position than it would have been in if the Borrowers had not been required to make a tax deduction from a payment; and (d) any allocation or determination made by a Creditor Party under or in connection with this Clause 23.4 shall be conclusive and binding on the Borrowers and the other Creditor Parties.

  • Service Credit To the extent that any Transferred Employee’s acquired rights are not already protected by the Transfer Regulations or other applicable Law, Purchaser shall, and shall cause its Affiliates to, recognize the prior service of, or recognized with respect to, each Transferred Employee as if such service had been performed with Purchaser for all purposes, including eligibility, vesting, service-related level of benefits and benefit accrual (except for any benefit accruals for U.S. union and non-union hourly Transferred Employees under the defined benefit Rexam Pension Plan, provided that such service for benefit accruals purposes under the Rexam Pension Plan shall be recognized for purposes of early retirement subsidies in accordance with Schedule 5.1(h)) under the employee benefit plans and policies provided by Purchaser to such Transferred Employee following the Closing, to the same extent such service was recognized by Seller, Rexam or any of their respective Affiliates, as applicable, immediately prior to the Closing. Purchaser shall, or shall cause its Affiliates (including the Purchased Entities) to, (i) waive any preexisting condition limitations otherwise applicable to Transferred Employees and their eligible dependents under any plan of Purchaser or any Affiliate of Purchaser that provides health or life benefits in which the Transferred Employees may be eligible to participate following the Closing, other than any limitations that were in effect with respect to a Transferred Employee as of the Closing under the analogous Employee Benefit Plan, (ii) honor any deductible, co-payment and out-of-pocket maximums incurred by the Transferred Employees and their eligible dependents under the health plans in which they participated immediately prior to the Closing during the portion of the calendar year prior to the Closing in satisfying any deductibles, co-payments or out-of-pocket maximums under health plans of Purchaser or any of its Affiliates in which they are eligible to participate after the Closing in the same plan year in which such deductibles, co-payments or out-of-pocket maximums were incurred and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Transferred Employee and his or her eligible dependents on or after the Closing, in each case to the extent such Transferred Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Employee Benefit Plan prior to the Closing.

  • Refunds and Credits Seller shall be entitled to any Tax refunds that are received by Buyer and any amounts credited against Tax to which the Buyer, the Transferred FH Companies or their Closing Subsidiaries become entitled (including as a result of any amended Tax Returns) that relate to the Transferred FH Companies or their Closing Subsidiaries for all Pre-Closing Tax Periods or that are subject to indemnification by Seller pursuant to this Agreement (including, for the avoidance of doubt, refunds or credits in respect of VAT attributable to a Pre-Closing Tax Period), to the extent such refunds or credits were not taken into account in determining Final Net Working Capital and are not attributable to the carryback of a net operating loss of any Transferred FH Company or Closing Subsidiary generated in a Post-Closing Tax Period. Buyer shall transfer, or cause to be transferred, to Seller, within ten (10) days of receipt, the amount of the refund or credit (including interest) received or utilized by Buyer, the Transferred FH Companies or any of their Closing Subsidiaries, or any of their respective Affiliates, net of any reasonable out-of-pocket costs incurred in obtaining such refund or credit and any Taxes borne by Buyer, the Transferred FH Companies or any of their Closing Subsidiaries, or any of their respective Affiliates as a direct result of their receipt of such refund or utilization of any such credit. Buyer shall claim any such refund or to utilize any such credit as soon as reasonably possible upon Seller’s written request. Buyer agrees to furnish to Seller all information, records and assistance reasonably requested by Seller to verify the amount of the refund or credit, provided that Buyer shall not be required to furnish to Seller any consolidated, combined, affiliated or unitary Tax Return that includes Buyer or any Subsidiary or Affiliate of Buyer other than the Transferred FH Companies or any of their Closing Subsidiaries. The amount of economic benefit of any such refunds or credits of the Transferred FH Companies and their Closing Subsidiaries for any Straddle Period shall be equitably apportioned between Seller and Buyer in a manner consistent with Section 7.1 hereof.

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