Common use of OWNERSHIP OF RENEWABLE ENERGY CREDITS Clause in Contracts

OWNERSHIP OF RENEWABLE ENERGY CREDITS. Customer hereby irrevocably and unconditionally assigns and transfers to Company any and all RECs derived from the installation and use of the Customer System during the Term. Customer shall not sell, trade, assign or otherwise transfer, or permit to be sold, traded, assigned or otherwise transferred, any RECs derived from the installation and use of the Customer System to any party other than Company during such time Company is entitled to receive such RECs hereunder. Upon Company’s request, Customer shall provide Company with reasonable documentation evidencing its ownership of such RECs and transfer thereof to Company.

Appears in 9 contracts

Samples: Renewable Energy Credit Purchase Agreement, Up Front Incentive Renewable Energy Credit Purchase Agreement, Up Front Incentive Renewable Energy Credit Purchase Agreement

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