Common use of Payment for Transferred SRECs Clause in Contracts

Payment for Transferred SRECs. A. Notwithstanding the monthly Delivery of Transferred SRECs from You to Us, We shall pay You for such Transferred SRECs quarterly, by issuing a payment to You for the actual or estimated Transferred SRECs for the preceding Contract Quarter within twenty (20) Business Days following the expiration of the applicable Contract Quarter (i.e., the twentieth Business Day of the next Contract Month following the end of the applicable Contract Quarter, or in the case of the early termination or expiration of the Term of this Agreement, the twentieth Business Day of the month following the end of the calendar quarter in which such termination or the expiration of the Term occurs). As used herein, “Contract Quarter” means each calendar quarter during the Delivery Period and, where the Commencement Date does not fall on the first day of a calendar quarter, the remaining portion of such initial calendar quarter.

Payment for Transferred SRECs. A. Notwithstanding the monthly Delivery of Transferred SRECs from You to Us, We shall pay You for such Transferred SRECs quarterlyon a quarterly basis, by issuing a payment to You for the actual or estimated Transferred SRECs for the preceding Contract Quarter within twenty (20) 20 Business Days following the expiration of the applicable Contract Quarter (i.e., the twentieth 20th Business Day of the next Contract Month following the end of the applicable Contract Quarter, or in the case of the early termination or expiration of the Term term of this Agreement, the twentieth 20th Business Day of the month following the end of the calendar quarter in which such termination or the expiration of the Term occurs). As used herein, “Contract Quarter” means each calendar quarter during the Delivery Period and, where the Commencement Date does not fall on the first day of a calendar the quarter, the remaining portion of such initial calendar quarter.

Payment for Transferred SRECs. A. Notwithstanding the monthly Delivery of Transferred SRECs from You to Us, We shall pay You for such Transferred SRECs quarterly, by issuing a payment to You for the actual or estimated Transferred SRECs for the preceding Contract Quarter within twenty (20) 20 Business Days following the expiration of the applicable Contract Quarter (i.e., the twentieth 20th Business Day of the next Contract Month following the end of the applicable Contract Quarter, or in the case of the early termination or expiration of the Term term of this Agreement, the twentieth 20th Business Day of the month following the end of the calendar quarter in which such termination or the expiration of the Term occurs). As used herein, “Contract Quarter” means each calendar quarter during the Delivery Period and, where the Commencement Date does not fall on the first day of a calendar the quarter, the remaining portion of such initial calendar quarter.