Common use of Obligation to Purchase and Sell LRECs or ZRECs Clause in Contracts

Obligation to Purchase and Sell LRECs or ZRECs. 5.1.1 Beginning on the date of Seller’s satisfaction of all Article 4 pre- requisites, Seller shall sell and Deliver, and Buyer shall purchase and receive, up to the Maximum Annual Quantity of LRECs or ZRECs, in accordance with the terms and conditions of this Agreement. Buyer shall be obligated to purchase only those LRECs or ZRECs associated with the Energy that is generated by the Facility on and after the satisfaction of all Article 4 pre-requisites and continuing through the remainder of the Delivery Term.

Obligation to Purchase and Sell LRECs or ZRECs. 5.1.1 Beginning on the date of Seller’s satisfaction of all Article 4 pre- requisites, Seller shall sell and Deliver, and Buyer shall purchase and receive, up to the Maximum Annual Quantity of LRECs or ZRECs, in accordance with the terms and conditions of this Agreement. Buyer shall be obligated to purchase only those LRECs or ZRECs associated with the Energy that is generated by the Facility on and after the satisfaction of all Article 4 pre-requisites and continuing through the remainder of the Delivery Term.. ONLY