Forecast REC Quantity Clause Samples

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 ▇▇▇▇▇ 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:
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Related to Forecast REC Quantity

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Forecast Customer shall provide Flextronics, on a monthly basis, a rolling [***] forecast indicating Customer’s monthly Product requirements. The first [***] of the forecast will constitute Customer’s written purchase order for all Work to be completed within the first [***] period. Such purchase orders will be issued in accordance with Section 3.2 below.

  • Rolling Forecasts The Client shall provide Patheon with a written non-binding [ * ] forecast of the volume of each Product that the Client then anticipates will be required to be produced and delivered to the Client during each [ * ] of that [ * ] period. Such forecast will be updated by the Client [ * ] on or before the [ * ] day of each [ * ] on a rolling [ * ] basis. The most recent [ * ] forecast shall prevail.

  • Rolling Forecast (i) On or before the fifteenth (15th) calendar day of each month during the Term (as defined in Section 6.1 herein), Buyer shall provide Seller with an updated eighteen (18) month forecast of the Products to be manufactured and supplied (each a “Forecast”) for the eighteen (18) month period beginning on the first day of the following calendar month. The first two months of each Forecast will restate the balance of the Firm Order period of the prior Forecast, and the first three (3) months of the Forecast shall constitute the new Firm Order period for which Buyer is obligated to purchase and take delivery of the forecasted Product, and the supply required for the last month of such new Firm Order period shall not be more than one (1) full Standard Manufacturing Batch from the quantity specified for such month in the previous Forecast (or Initial Forecast, as the case may be). Except as provided in Section 2.2(a), Purchase Orders setting forth Buyer’s monthly Product requirements will be issued for the last month of each Firm Order period no later than the fifteenth calendar day of the first month of each Firm Order period, and such Purchase Order will be in agreement with the Firm Order period of the Forecast. If a Purchase Order for any month is not submitted by such deadline, Buyer shall be deemed to have submitted a Purchase Order for such month for the amount of Product set forth in Buyer’s Forecast for such month. (ii) The remainder of the Forecast shall set forth Buyer’s best estimate of its Product production and supply requirements for the remainder of the Forecast period. Each portion of such Forecast that is not deemed to be a Firm Order shall not be deemed to create a binding obligation on Buyer to purchase and take delivery of Products nor a binding obligation of Seller to deliver Products, except as otherwise provided in Section 2.2(f). (iii) Forecast and Purchase Orders shall be in full Standard Manufacturing Batches. If a Product has multiple SKUs, then the composite of the forecasted SKU must equate to the Standard Manufacturing Batch. One Purchase Order shall be issued for each full Standard Manufacturing Batch of Product and contain the required information set forth in Section 2.2(e) hereof.

  • 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.