Environmental Credits. Seller shall, if applicable, obtain in its own name and at its own expense all pollution or environmental credits or offsets necessary to operate the Facility in compliance with any Requirement of Law.
Environmental Credits. To the extent not prohibited by law, any Environmental Credit shall be the property of the Company; provided, however, that such Environmental Credits shall be to the benefit of the Company’s ratepayers in that the value must be credited “above the line”. Seller shall use all reasonable efforts to ensure such Environmental Credits are vested in the Company, and shall execute all documents, including, but not limited to, documents transferring such Environmental Credits, without further compensation; provided, however, that the Company agrees to pay for reasonable costs associated with such efforts and/or documentation.
Environmental Credits. TVA shall have the sole right and title to any renewable energy credits (including tradable renewable credits or green tags), or other associated benefits or environmental attributes of energy generated from the renewable nature of the Qualifying System (without regard to whether any governmental authority or other organization has registered, certified, or otherwise taken action to recognize said credits, tags, benefits, or attributes), that have accrued or are arising or accruing now and in the future as a result of the generation of electricity from the Qualifying System (Environmental Credits) beginning on the Effective Date and continuing throughout the term of this Participation Agreement. At no cost to TVA or Distributor, Participant shall cooperate with TVA and Distributor in taking whatever action is necessary and reasonable to establish or obtain such Environmental Credits, as may be required now or in the future by applicable law, and transfer them to Distributor, who shall in turn transfer all such Environmental Credits to TVA. For the term of this Participation Agreement, the Participant and Owner of Qualifying System cannot make claims or statements about using renewable electricity, cutting back on greenhouse gas (GHG) emissions from electricity through the use of renewable electricity, or receiving any other environmental benefits of renewable energy use constitute the claiming of a renewable energy credit (REC). Participant and Owner of Qualifying System understand that if claims of using renewable electricity or any of the environmental attributes within a REC, those claims would violate the terms of this Participation Agreement, since TVA, through this Participation Agreement, is purchasing one hundred percent (100%) of the RECs generated by the renewable energy installation and selling the RECs through its Green Power Switch program. If Participant and Owner of Qualifying System wish to make such claims, they must purchase the equivalent RECs through the Green Power Switch program or other product.
Environmental Credits. (a) Notwithstanding any other provision of this Agreement, all right, title and interest in any Environmental Credit related to the construction or operation of the Infrastructure will be the property of Corix to be applied for the sole benefit of NDES Customers (including UBC).
(b) Any costs associated with quantifying or validating the volume and/or value of such credits will be paid for by the beneficiary(ies) of such credits.
Environmental Credits. Supplier shall take all actions, and do all things (including providing all applicable documentation for System Owner’s and Host Customer’s execution, as applicable), necessary to obtain a valid commitment reasonably satisfactory to System Owner from the applicable Governmental Authority that the System will be eligible for and shall receive the benefit of the Environmental Credits. All economic benefits, and, to the extent possible under applicable Law, all ownership rights relating to Environmental Credits shall be for the benefit of System Owner, and Supplier shall make no claim on such benefits. The Parties agree that each intends that to the extent possible all available Environmental Credits and all economic benefits relating to any available Environmental Credits related to or arising out of this Agreement and the System shall belong to and shall be for the sole benefit of System Owner, and to the extent Supplier may have any interest in such Environmental Credits and benefits from time to time, Supplier hereby makes an absolute assignment of all such Environmental Credits and benefits to System Owner to the fullest extent allowed by law.
Environmental Credits. (A) The Parties acknowledge that Applicable Laws create and future Applicable Laws may create value in the ownership, use or allocation of RECs. To the full extent allowed by such Applicable Law, Company shall own or be entitled to claim all RECs attributable to Renewable Energy purchased by Company under this Agreement to the extent such credits may exist or be created during the Term.
(B) Seller hereby automatically and irrevocably assigns to Company all rights, title and authority for Company to register, own, hold and manage such RECs in Company’s own name and to Company’s account, including any rights associated with any renewable energy information or tracking system that exists or may be established (including but not limited to participants in M-RETS and the United States government) with regard to monitoring, registering, tracking, certifying, or trading such credits. Seller hereby authorizes Company to act as its agent for the purposes of registering, tracking and certifying RECs and Company has full authority to hold, sell or trade such RECs to its own account of said renewable energy information or tracking systems. Upon the request of Company from time to time, at no cost to Company, (i) Seller shall deliver or cause to be delivered to Company such attestations/certifications of all Renewable Energy Credits, and (ii) Seller shall provide full cooperation in connection with Company’s registration and written certification of Renewable Energy Credits.
Environmental Credits. (a) Nothing in this Agreement, the Credit Agreement or any other Loan Document shall be interpreted or deemed to impart any responsibility to the Administrative Agent, the Collateral Agent or any Secured Party to comply with the RFS (including requirements therein for RINs) as an “obligated party” pursuant to 40 C.F.R. Part 80, as amended from time to time, or with the LCFS, in either case, by virtue of the transactions contemplated by this Agreement, the Credit Agreement or any other Loan Document. Notwithstanding any other terms or provisions of this Agreement, the Credit Agreement or any other Loan Document, in all transactions under this Agreement, the Credit Agreement or any other Loan Document, the Loan Parties shall comply with the RFS (including requirements therein for RINs) pursuant to 40 C.F.R. Part 80 and with the LCFS, and remain solely responsible for the proper accounting of Environmental Credits, as well as the replacement of any invalid Environmental Credits that are required in connection with any activities or transactions of the Loan Parties and any and all costs and expenses associated therewith.
(b) Clean Energy Renewable Fuels, LLC has registered with the Environmental Protection Agency under a separate company identification number (the “Company ID”) and established an account in the CDX and EMTS under the Company ID (the “EMTS Account”). Subject to any applicable laws or regulations or any dispositions or transfers in accordance with the Credit Agreement, any RINs allocated to Clean Energy Renewable Fuels, LLC in the foregoing manner shall be the property of Clean Energy Renewable Fuels, LLC and constitute part of the Collateral hereunder. Promptly following the submission of annual reports by Clean Energy Renewable Fuels, LLC into its EMTS Account, Clean Energy Renewable Fuels, LLC shall provide copies of all such reports to the Collateral Agent. In addition, Clean Energy Renewable Fuels, LLC shall, from time to time upon the reasonable request of the Collateral Agent, (i) provide to the Collateral Agent such further confirmation of the RINs allocated to and owned by Clean Energy Renewable Fuels, LLC, and (ii) execute such further documents and instruments and take such further actions to the extent necessary to confirm the status of such RINs as part of the Collateral hereunder.
(c) Subject to any applicable laws or regulations or any dispositions or transfers in accordance with the Credit Agreement, any LCFS credits allocated to...
Environmental Credits. N2R is obtaining environmental CER (Certified Emission Reduction) credits that may become a tradable commodity during the term of this agreement. At N2R’s request, Dealer will assist in the conveyance to N2R of all potential CER’s created though use of N2R equipment and PurigeN98® inflated tires.
Environmental Credits. Port shall retain as its property all environmental credits related to the Shoreside Power System.
Environmental Credits. Promptly upon receipt or delivery but in any event within ten (10) Business Days thereof, copies of any material (i.e., not standard or customary correspondence) correspondence from or to any regulatory body responsible for administering and enforcing any program that governs the RINs, LCFS or any other Environmental Credits.
