Forecast REC Quantity Sample Clauses

Forecast REC Quantity. This Paragraph is only applicable to Systems that are or will be below 25 kW and to a Seller that receives an award for a Forecast REC Quantity, and specifies in the System Identification Form (Exhibit B) a non-zero Remaining Forecast Quantity. Such Seller agrees and warrants as follows: 3.2.1. Any System that will be identified under the term of this Agreement must be identified no later than the Guaranteed System Identification Date provided in Part 2 of the System Identification Form (Exhibit B) or any extension approved by the Buyer at its sole discretion. Seller may request an extension of up to three months for demonstrated project delays outside of Seller’s reasonable project development control; that extension will be granted at Buyer’s sole discretion. 3.2.2. Once a System is identified under the term of this Agreement: • Seller shall notify the Buyer by providing an amended Part 2 of Exhibit B. • Seller and Xxxxx will execute an Additional Agreement as prepared by Buyer with terms identical to the terms of this Agreement and with the System described in the System Identification Form (Part 1 of Exhibit B), which shall specify a Maximum Contract Quantity. • Performance Assurance under this Agreement will be reduced by $16 times the number of RECs in the Maximum Contract Quantity of the Additional Agreement. Performance Assurance under the Additional Agreement will be $8 times the number of RECs in the Maximum Contract Quantity of the Additional Agreement. The resulting reduction in the aggregate amount of Performance Assurance across this Agreement and the Additional Agreement shall be returned in accordance with Section 9.2. • Seller shall have twelve (12) months from the Effective Date of the Additional Agreement for a particular System to be completely Installed, Energized and registered with PJM-EIS GATS or M-RETS 3.2.3. The Maximum Contract Quantity for a system that is identified hereunder cannot exceed the Remaining Forecast Quantity. 3.2.4. Any remaining Performance Assurance as indicated in Part 2 of the System Identification Form (Exhibit B) under this Agreement on the Guaranteed System Identification Date or any extension approved by the Buyer at its sole discretion shall be forfeited. However, the Seller may request a refund of the remaining Performance Assurance up to an amount of $480, which is an amount associated with up to thirty (30) RECs.
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Forecast REC Quantity. This Paragraph is only applicable to Systems that are or will be below 25 kW and to a Seller that receives an award for a Forecast REC Quantity, and specifies in the System Identification Form (Exhibit B) a non-zero Remaining Forecast REC Quantity. Such Seller agrees and warrants as follows:
Sample 1Sample 2

Related to Forecast REC Quantity

  • ESTIMATED QUANTITIES 1.1 The quantities set forth in the line items and specification document are approximate and represent the estimated requirements for the contract period. 1.2 Items listed may or may not be an inclusive requirements for this category. 1.3 Category items not listed, but distributed by bidder are to be referred to as kindred items. Kindred items shall receive the same percentage of discount or pricing structure as items listed in the specification document. 1.4 The unit prices and the extended total prices shall be used as a basis for the evaluation of bids. The actual quantity of materials necessary may be more or less than the estimates listed in the specification document, but the City/County shall be neither obligated nor limited to any specified amount. If possible, the Owners will restrict increases/decreases to 20% of the estimated quantities listed in the specification document.

  • Purchase Order Pricing/Product Deviation If a deviation of pricing/product on a Purchase Order or contract modification occurs between the Vendor and the TIPS Member, TIPS must be notified within five (5) business days of receipt of change order. TIPS reserves the right to terminate this agreement for cause or no cause for convenience with a thirty (30) days prior written notice. Termination for convenience is conditionally required under Federal Regulations 2 CFR part 200 if the customer is using federal funds for the procurement. All purchase orders presented to the Vendor, but not fulfilled by the Vendor, by a TIPS Member prior to the actual termination of this agreement shall be honored at the option of the TIPS Member. The awarded Vendor may terminate the agreement with ninety (90) days prior written notice to TIPS 0000 XX Xxx Xxxxx, Xxxxxxxxx, Xxxxx 00000. The vendor will be paid for goods and services delivered prior to the termination provided that the goods and services were delivered in accordance with the terms and conditions of the terminated agreement. This termination clause does not affect the sales agreements executed by the Vendor and the TIPS Member customer pursuant to this agreement. TIPS Members may negotiate a termination for convenience clause that meets the needs of the transaction based on applicable factors, such as funding sources or other needs. Usually, purchase orders or their equal are issued by participating TIPS Member to the awarded vendor and should indicate on the order that the purchase is per the applicable TIPS Agreement Number. Orders are typically emailed to TIPS at xxxxxx@xxxx-xxx.xxx. • Awarded Vendor delivers goods/services directly to the participating member. • Awarded Vendor invoices the participating TIPS Member directly. • Awarded Vendor receives payment directly from the participating member. • Fees are due to TIPS upon payment by the Member to the Vendor. Vendor agrees to pay the participation fee to TIPS for all Agreement sales upon receipt of payment including partial payment, from the Member Entity or as otherwise agreed by TIPS in writing and signed by an authorized signatory of TIPS.

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