OWNERSHIP OF RENEWABLE ENERGY CREDITS. Lessor 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. The Parties acknowledge and agree that Customer has no right, title or interest in or to any RECs resulting from the installation and use of the Customer System, whether under this Agreement or otherwise, and, accordingly Customer has no right to and will not attempt to sell, trade, assign or otherwise transfer, or permit to be sold, traded, assigned or otherwise transferred, any such RECs. Lessor 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, Lessor shall provide Company with reasonable documentation evidencing its ownership of such RECs and transfer thereof to Company.
Appears in 4 contracts
Samples: Up Front Incentive Renewable Energy Credit Purchase Agreement, Up Front Incentive Renewable Energy Credit Purchase Agreement, Up Front Incentive Renewable Energy Credit Purchase Agreement
