Common use of Ownership of Deposits Clause in Contracts

Ownership of Deposits. System Owner shall retain all right and ownership to any deposit made by System Owner to reserve for the System, or ensure the System’s participation in, any Environmental Financial Incentive, and Host Customer shall transfer, assign or pay to System Owner any amount of such deposit made by System Owner but refunded to Host Customer by the Host Utility or other such applicable agency or program.

Appears in 3 contracts

Samples: Solar Energy Power Purchase and Sale Agreement, Solar Power Purchase Agreement, Purchase Agreement

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Ownership of Deposits. System Owner shall retain all right and ownership to any deposit made by System Owner to reserve for the System, or ensure the System’s participation in, any Environmental Financial Incentive, and Host Customer shall transfer, assign or pay to System Owner any amount of such deposit made by System Owner but refunded to Host Customer by the Host Utility or other such applicable agency or program.

Appears in 1 contract

Samples: Power Purchase Agreement

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