Ownership of RECs, Generation Benefits and Ancillary Services Sample Clauses

Ownership of RECs, Generation Benefits and Ancillary Services. (A) The Parties acknowledge that existing Laws may create value in the ownership, use or allocation of Renewable Energy Credits (RECs), Generation Benefits and Ancillary Services. Seller hereby sells, transfers and conveys to, Buyer all RECs, Generation Benefits and Ancillary Services associated with Test Energy, and Renewable Energy produced and delivered to Buyer from the Facility under this PPA. With respect to RECs, Generation Benefits and Ancillary Services, the following apply: 1. Until the Scheduled Termination Date, subject to early termination as provided in this PPA or otherwise agreed to by the Parties, Seller hereby automatically and irrevocably assigns to Buyer all rights, title and authority for Buyer to register the Facility as an Eligible Energy Resource and to own, hold and manage such RECs in Buyer’s own name and for Buyer’s account, including all rights associated with any renewable energy information or tracking system that exists or may be established (including but not limited to participants in any applicable REC Registration Program and the United States) with regard to monitoring, registering, tracking, certifying, or trading such credits. Seller hereby authorizes Buyer to act as its agent for the purposes of registering the Eligible Energy Resource, tracking and certifying RECs and Buyer has full authority to hold, retire, sell or trade such RECs within its own account of said renewable energy information or tracking systems. Upon the request of Buyer, at no cost to Buyer (except as otherwise provided herein), (i) Seller shall deliver or cause to be delivered to Buyer such attestations/certifications of RECs, and (ii) Seller shall cooperate with Buyer’s registration and certification of RECs. At Buyer’s request, Seller shall take Commercially Reasonable steps to register itself or the RECs with tracking or accounting systems and Buyer shall reimburse Seller for its third-party out-of-pocket unreimbursed costs in connection with such registrations. 2. Full compensation for this conveyance by Seller to Buyer of all RECs, Generation Benefits and Ancillary Services associated with the Facility is included in the calculation of the Renewable Energy Payment Rate and Test Energy Rate and therefore is at no additional charge under this PPA (except as otherwise provided herein). Any compensation Seller actually receives under the Interconnection Agreement or otherwise for Generation Benefits or Ancillary Services associated with the Facili...
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Related to Ownership of RECs, Generation Benefits and Ancillary Services

  • Continuity of Services A. The Contractor recognizes that the service(s) to be performed under this Contract are vital to the State and must be continued without interruption and that, upon Contract expiration, a successor, either the State or another contractor, may continue them. The Contractor agrees to: Furnish phase-in training; and Exercise its best efforts and cooperation to effect an orderly and efficient transition to a successor. B. The Contractor shall, upon the State's written notice: Furnish phase-in, phase-out services for up to sixty (60) days after this Contract expires; and Negotiate in good faith a plan with a successor to determine the nature and extent of phase-in, phase-out services required. The plan shall specify a training program and a date for transferring responsibilities for each division of work described in the plan, and shall be subject to the State's approval. The Contractor shall provide sufficient experienced personnel during the phase-in, phase-out period to ensure that the services called for by this Contract are maintained at the required level of proficiency. C. The Contractor shall allow as many personnel as practicable to remain on the job to help the successor maintain the continuity and consistency of the services required by this Contract. The Contractor also shall disclose necessary personnel records and allow the successor to conduct on-site interviews with these employees. If selected employees are agreeable to the change, the Contractor shall release them at a mutually agreeable date and negotiate transfer of their earned fringe benefits to the successor. D. The Contractor shall be reimbursed for all reasonable phase-in, phase-out costs (i.e., costs incurred within the agreed period after contract expiration that result from phase-in, phase-out operations).

  • Certification Regarding Business with Certain Countries and Organizations Pursuant to Subchapter F, Chapter 2252, Texas Government Code, PROVIDER certifies it is not engaged in business with Iran, Sudan, or a foreign terrorist organization. PROVIDER acknowledges this Purchase Order may be terminated if this certification is or becomes inaccurate.

  • Exclusivity of Services The Subadviser shall devote its best efforts and such time as it deems necessary to provide prompt and expert service to Client and the Fund. The services of Subadviser to be provided hereunder are not to be deemed exclusive and Subadviser shall be free to provide similar services for its own account and the accounts of other persons and to receive compensation for such services. Client acknowledges that Subadviser and its Affiliates and Subadviser's other clients may at any time, have, acquire, increase, decrease or dispose of positions in the same investments which are at the same time being held, acquired for or disposed of under this Agreement for the Fund. Subadviser shall have no obligation to acquire or dispose of a position in any investment pursuant to this Agreement simply because Subadviser, its directors, members, Affiliates or employees invest in such a position for its or their own accounts or for the account of another client.

  • Interconnection Customer Compensation If the CAISO requests or directs the Interconnection Customer to provide a service pursuant to Articles 9.6.3 (Payment for Reactive Power) or 13.5.1 of this LGIA, the CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff.

  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Originality of Services Except as to standard generic details, Consultant agrees that all technologies, formulae, procedures, processes, methods, writings, ideas, dialogue, compositions, recordings, teleplays and video productions prepared for, written for, or submitted to the District and/or used in connection with this Agreement, shall be wholly original to Consultant and shall not be copied in whole or in part from any other source, except that submitted to Consultant by District as a basis for such services.

  • Presentation of Potential Target Businesses The Company shall cause each of the Initial Shareholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Shareholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing fiduciary obligations the Initial Shareholders might have.

  • Provision of Multiple Services If the Sub-Advisor shall have provided both investment advisory services under subparagraph (a) and investment management services under subparagraph (b) of paragraph (1) for the same portion of the investments of the Portfolio for the same period, the fees paid to the Sub-Advisor with respect to such investments shall be calculated exclusively under subparagraph (b) of this paragraph 4.

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Geographic Area and Sector Specific Allowances, Conditions and Exceptions The following allowances and conditions shall apply where relevant. Where the Employer does work which falls under the following headings, the Employer agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

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