Prerequisites for Purchases Sample Clauses

Prerequisites for Purchases. ‌ 4.1. Xxxxx's obligation to begin the purchase of RECs from Seller at the rates of payment specified in the System Identification Form is contingent upon the satisfaction of all of the following conditions: 4.1.1. Buyer has received evidence to its reasonable satisfaction that the System's Energized Date has occurred on or after the Earliest Energized Date as specified in the System Identification Form and no later than the Guaranteed Energized Date or any approved extension thereof; 4.1.2. Seller has demonstrated that System is located on the customer side of the Revenue Quality Meter, is interconnected to the distribution system of the Interconnecting Utility and the System has a fully executed Interconnection Agreement; 4.1.3. Seller has provided notice in a form acceptable to Buyer at its sole discretion, certifying that the System is “Installed” by a “Qualified Person” described in Section 1-56(i) of the Illinois Power Agency Act (20 ILCS 3855/1-56(i)); 4.1.4. Seller, at its sole cost and expense, has a valid account in PJM-EIS GATS or M-RETS for purposes of Delivering RECs to Buyer’s PJM-EIS GATS or M- RETS account and the System is registered with PJM-EIS GATS or M-RETS; 4.1.5. If Seller is not the Host, Seller has provided to Buyer a Host Acknowledgment in the form attached hereto as Appendix C. Specifically, if Seller is not the Host, Seller or the System owner has obtained and provided to Buyer the written acknowledgement by the Host acknowledging for Buyer’s benefit that the System owner has the right to locate the System at the Host’s location and that the Host has (a) no right, title or interest, including, but not limited to, any third party beneficiary rights, in the RECs, which are to be sold to Buyer under this Agreement, (b) no right, title or interest including, but not limited to any third party beneficiary rights, in this Agreement, (c) no rights against Buyer, and shall not look to Buyer, with respect to any claim or damages with respect to any aspect of the System, including, but not limited to, the construction, operation or maintenance thereof at Host’s location; 4.1.6. Seller has rights to the RECs to be Delivered by Seller to Buyer’s PJM-EIS GATS or M-RETS account and such rights include Seller’s rights to Deliver and convey title of such RECs to Buyer such that, upon Delivery, all rights and ownership of Delivered RECs shall belong to Buyer; 4.1.7. The Delivery Term Start Date has occurred; and 4.1.8. The Illinois Commerce Comm...
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Prerequisites for Purchases. 4.1 Buyer's obligation to begin the purchase of LRECs or ZRECs, as elected on the Cover Sheet, from Seller at the rates of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions: 4.1.1 Seller is either (i) a distribution customer of record of Buyer with project site control, (ii) owner of the project site with permission of the distribution customer of record of the Buyer, or (iii) Authorized Developer; FOR 4.1.2 Buyer has received evidence to its reasonable satisfaction that Seller has met the requirements of Section 4.1.1; 4.1.3 Buyer has received evidence to its reasonable satisfaction that the Facility's In-Service Date has occurred, or will occur, after July 1, 2011; ONLY 4.1.4 Seller has demonstrated that Facility is located on the customer side of the revenue meter and is interconnected to the distribution system of Buyer; 4.1.5 The Facility has a fully executed Interconnection Agreement; 4.1.6 Seller has provided Performance Assurance that satisfies the requirements of Section 9.1 and in an amount that is no less than the Performance Assurance amount listed in the Cover Sheet; 4.1.7 Buyer has received Regulatory Approval. 4.1.8 Seller has provided certification that no grants or rebates have been received from the Connecticut Green Bank or either of its predecessors the Clean Energy Finance and Investment Authority (“CEFIA”) or the Connecticut Clean Energy Fund (“CCEF”). For purposes of clarification, this prohibition includes grants or rebates from CEFIA or the CCEF for the installation or construction of the Facility, but does not include projects that receive(d) (i) only predevelopment and/or feasibility funding from Connecticut Green Bank, or (ii) financing in accordance with Conn. Gen. Stat. § 16-245(n) through Connecticut Green Bank. For purposes of this section, the Companies may consult with Connecticut Green Bank regarding the above grants or rebates as they may be applicable to the Facility. 4.1.9 Seller has provided notice in a form acceptable to Buyer at its sole discretion, certifying: (a) that generation from the Project that will result in a qualifying LREC or ZREC has begun, (b) the name of the REFERENCE Project as it will appear on the LRECs or ZRECs, (c) the date that initial LREC or ZREC deliveries to Buyer under this Agreement are expected, (d) the Facility, as constructed, meets all of the low emission or zero emission (as applicable) generation facility requirements of the E...
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Prerequisites for Purchases. ‌ 6.1 EDC's obligation to begin the purchase of energy and RECs from a SCEF Facility, as elected on the Tariff Terms Agreement, from Subscriber Organization at the rates of payment specified in the Tariff Terms Agreement is contingent upon the satisfaction of all of the following conditions: 6.1.1 Subscriber Organization is either (i) a distribution customer of record of the EDC with Project Site control, (ii) owner of the Project Site with permission of the distribution customer of record of the EDC, or (iii) Authorized Developer; 6.1.2 EDC has received evidence to its reasonable satisfaction that Subscriber Organization has met the requirements of Section 6.1.1; 6.1.3 EDC has received evidence to its reasonable satisfaction that the Facility's In-Service Date has occurred, or will occur, after July 1, 2021; 6.1.4 The Facility has a fully executed Interconnection Agreement; 6.1.5 EDC has received Regulatory Approval; 6.1.6 Subscriber Organization has provided notice in a form acceptable to EDC at its sole discretion, certifying: (a) that generation from the Project that will result in qualifying RECs and energy has begun, (b) the name of the Project as it will appear on the Tariff Terms Agreement, (c) the date that initial Deliveries to EDC under this Tariff are expected, (d) the Facility, as constructed, meets all of the SCEF generation Facility requirements of the Public Act 18-50, and Section 1 of the Public Act 22-14, and (e) the final Facility size; For 6.1.7 Subscriber Organization has provided notice in a form acceptable to EDC at its sole discretion, certifying that their Production Meter has been installed and validated in accordance with the applicable requirements and standards issued by the EDC; 6.1.8 Subscriber Organization has provided and will continue to provide on a monthly basis to the EDC all relevant emissions data as applicable at EDC’s request and at Subscriber Organization’s cost, if any; Reference 6.1.9 For Projects awarded that claim the Solar Carport or Solar Canopy Bid Preference, Subscriber Organization has provided proof that it has installed the Facility on a Solar Carport or Solar Canopy as indicated in the Subscriber Organization Tariff Terms Agreement. 6.1.10 The In-Service Date has occurred.
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Prerequisites for Purchases. 4.1 PSNH’s obligation to begin the purchase of Products is contingent upon the satisfaction of all the following conditions: 4.1.1 Execution of an Interconnection Agreement by the applicable parties and, if required, FERC acceptance and approval of the Interconnection Agreement under Section 205 of the Federal Power Act; 4.1.2 PSNH has received evidence to its reasonable satisfaction that Seller has obtained all permits, licenses, approvals and other governmental authorizations needed to commence commercial generation of Products, including certification to produce NH Class I RECs; 4.1.3 PSNH has received from the NHPUC a final, nonappealable decision acceptable to PSNH in its sole discretion, approving and allowing for full cost recovery of the rates, terms and conditions of this Agreement; 4.1.4 The Parties shall execute as of the In-Service Date, a Purchase Option Agreement that is acceptable to PSNH in its sole discretion in the form as set forth in Appendix B hereto, to be recorded, and PSNH shall have been issued a title insurance policy insuring its rights under the Purchase Option Agreement. The Purchase Option Agreement will provide that the Site Owner (as defined therein) may terminate the Purchase Option Agreement if this Agreement is terminated by Seller by reason of a PSNH Event of Default under Section
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Prerequisites for Purchases. 4.1 Buyer's obligation to begin the purchase of LRECs or ZRECs, as elected on the Cover Sheet, from Seller at the rates of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions: 4.1.1 Seller is either (i) a distribution customer of record of Buyer with project site control, (ii) owner of the project site with permission of the REFERENCE distribution customer of record of the Buyer, or (iii) Authorized Developer; 4.1.2 Buyer has received evidence to its reasonable satisfaction that Seller has met the requirements of Section 4.1.1; FOR 4.1.3 Buyer has received evidence to its reasonable satisfaction that the Facility's In-Service Date has occurred, or will occur, after July 1, 2011; 4.1.4 Seller has demonstrated that Facility is located on the customer side of the revenue meter and is interconnected to the distribution system of Buyer; 4.1.5 The Facility has a fully executed Interconnection Agreement; 4.1.6 Seller has provided Performance Assurance that satisfies the requirements of Section 9.1 and in an amount that is no less than the Performance Assurance amount listed in the Cover Sheet; ONLY 4.1.7 Buyer has received Regulatory Approval. 4.1.8 Seller has provided certification that no grants or rebates have been received from the Connecticut Green Bank or either of its predecessors the Clean Energy Finance and Investment Authority (“CEFIA”) or the Connecticut Clean Energy Fund (“CCEF”). For purposes of clarification, this prohibition includes grants or rebates from CEFIA or the CCEF for the installation or construction of the Facility, but does not include projects that receive(d) (i) only predevelopment and/or feasibility funding from Connecticut Green Bank, or (ii) financing in accordance with Conn. Gen. Stat. § 16-245(n) through Connecticut Green Bank. For purposes of this section, the Companies may consult with Connecticut Green Bank regarding the above grants or rebates as they may be applicable to the Facility. 4.1.9 Seller has provided notice in a form acceptable to Buyer at its sole discretion, certifying: (a) that generation from the Project that will result in a qualifying LREC or ZREC has begun, (b) the name of the Project as it will appear on the LRECs or ZRECs, (c) the date that initial LREC or ZREC deliveries to Buyer under this Agreement are expected, (d) the Facility, as constructed, meets all of the low emission or zero emission (as applicable) generation facility requirements of the E...
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Prerequisites for Purchases. 4.1 The EDC's obligation to begin the purchase of energy and RECs from a NRES Project at the rate(s) of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions: For 4.1.1 Customer is at all times the distribution Customer of Record of the EDC with project site control. 4.1.2 The EDC has received evidence to its reasonable satisfaction that Customer has met the requirements of Section 4.1.1.
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Prerequisites for Purchases. 4.1 The EDC's obligation to begin the purchase of energy and RECs from a NRES Project at the rate(s) of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions: 4.1.1 Customer is at all times the distribution Customer of Record of the EDC with project site control. 4.1.2 The EDC has received evidence to its reasonable satisfaction that Customer has met the requirements of Section 4.1.1. 4.1.3 The EDC has received evidence to its reasonable satisfaction that the Facility's In- Service Date has occurred, or will occur, after the issue date of the solicitation to which the Customer is responding. 4.1.4 Customer has demonstrated that the Facility is interconnected to the distribution system of the EDC. 4.1.5 The Project has a fully executed Interconnection Agreement. REFERENCE
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Related to Prerequisites for Purchases

  • PREREQUISITES FOR PAYMENT The following applicable requirements shall be fulfilled in order to establish an employee's eligibility for sick leave benefits.

  • Purchases Prerequisites Contractor must ensure that entities receiving payment directly from Customers under this Contract must have met the following requirements: • Have an active registration with the Florida Department of State, Division of Corporations (xxx.xxxxxx.xxx), or, if exempt from the registration requirements, provide the Department with the basis for such exemption. • Be registered in the MFMP Vendor Information Portal (xxxxx://xxxxxx. xxxxxxxxxxxxxxxxxxxx.xxx). • Have a current W-9 filed with the Florida Department of Financial Services (xxxxx://xxxxxxxx.xxxxxxxxxxxx.xxx)

  • Prerequisites The Servicer must take the following actions prior to permitting the grant of a partial release of a Mortgaged Property from the lien of the related Security Instrument, easement, consent to substantial alterations and any other changes affecting the related Mortgage Loan or such Mortgaged Property: (a) where applicable, obtain the respective Primary Mortgage Insurer's and/or the respective Pool Insurer's prior written approval; (b) if the value of the released property is more than five thousand ($5,000) dollars, obtain an acceptable Appraisal Report showing the current market value of such Mortgaged Property before and after the release and showing individually both the value of the land and of the improvements thereon; (c) ensure that any and all cash consideration received at least equals the current market value of property or rights to be released regarding such Mortgaged Property; (d) ensure that any and all cash consideration received is applied to the Unpaid Principal Balance of such Mortgage Loan to the extent of the diminution of the value of such Mortgaged Property; (e) cause all legal documents for the transaction to be reviewed; (f) ensure that such Mortgaged Property, following such release or change, adequately secures the Unpaid Principal Balance of the Mortgage Loan and accrued interest thereon and that the related Loan-to-Value ratio will not be greater than 80%, after giving effect to clause (d) hereof; and (g) obtain written notification from the respective Title Insurer that the related Title Insurance policy remains fully in effect with respect to such Mortgaged Property, as modified, following such release or change.

  • Conditions for Participation III. 1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

  • Prerequisites to Benefits Neither the Participant, nor any person claiming through the Participant, shall have any right or interest in the Restricted Stock awarded hereunder, unless and until all the terms, conditions and provisions of this Agreement and the Plan which affect the Participant or such other person shall have been complied with as specified herein.

  • Funding for Training (a) In furtherance of the objectives of clause 33 hereof, and as a further initiative to enhance the employment and career opportunities of the Employees, the Parties to this Agreement will continue to facilitate on- going training to improve OHS in the industry and to improve Employees’ work skills so as to advance progression to higher industry skill levels. (b) To support the cost of these training initiatives the Employer will make a payment per Employee per week as per the table below. Such monies will be paid into Incolink to support Incolink’s continued training funding initiatives. 1 July 2024 $12.50 1 October 2025 $13.50 1 October 2026 $16.00 1 October 2027 $18.50 Provided that the Incolink arrangements are appropriately ordered so as to provide for: (i) joint employer/Union management of the training funding; (ii) access to funding in accordance with agreed guidelines, by all participating employers and unions. (c) In the event of Incolink being unable to provide the above arrangements, the Parties to this Agreement agree to establish an alternative mechanism with the intention of meeting the commitments expressed in clause 25.11(b) above. (d) The liability of the Employer to pay for the cost of training courses they approve in accordance with clauses 15.8 and 33, will be met by the making of the contributions on behalf of each Employee as required by this clause.

  • CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE The obligation of each Buyer hereunder to purchase the Debenture and Warrants at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following conditions, provided that these conditions are for such Buyer's sole benefit and may be waived by such Buyer at any time in its sole discretion: (a) The Company shall have executed this Agreement and the Registration Rights Agreement, and delivered the same to the Buyer. (b) The Company shall have delivered to such Buyer the duly executed Debenture and Warrants in accordance with Section 1 above. (c) The representations and warranties of the Company contained in this Agreement, as modified by the Exhibits and Schedules hereto, shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific date, which representations and warranties shall be true and correct as of such date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Buyer shall have received a certificate or certificates, executed by the President and Chief Executive Officer of the Company, dated as of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by such Buyer including, but not limited to certificates with respect to the Company's Certificate of Incorporation, By-laws and Board of Directors' resolutions relating to the transactions contemplated hereby. (d) No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement. (e) Trading in the Common Stock on the PRINCIPAL MARKET shall not have been suspended by the SEC or the Nasdaq and, within two (2) business days of the Closing, the Company will make application to the PRINCIPAL MARKET, if legally required by Nasdaq, to have the Conversion Shares and the Warrant Shares authorized for quotation. (f) The Buyer shall have received an opinion of the Company's counsel, dated as of the Closing Date, in form, scope and substance reasonably satisfactory to the Buyer and in substantially the same form as EXHIBIT E attached hereto. (g) The Buyer shall have received a Closing Certificate described in Section 1(b)(v) above, dated as of the Closing Date. (h) The Company shall have delivered to the Buyer an executed Accountant Letter and an executed Law Firm Letter, as described in Section 3(dd) hereof. (i) Prior to the Closing, the Company shall have delivered or caused to be delivered to each Buyer true copies of UCC search results, listing all effective financing statements which name as debtor the Company or any of its Subsidiaries filed in the prior five years to perfect an interest in any assets thereof, together with copies of such financing statements, and the results of searches for any tax lien and judgment lien filed against such Person or its property, which results, except as otherwise agreed to in writing by the Buyers shall not show any such Liens.

  • CERTIFICATES FOR PAYMENT 9.4.1 The Architect will, within seven days after the receipt of the Contractor's completed Application for Payment, either issue a Certificate for Payment to the State, with a copy to the Contractor, for such amount as the Architect determines is properly due, or notify the Contractor in writing his or her reasons for withholding a Certificate as provided in Subparagraph 9.6.1

  • Conditions for Award of Contract The Borrower shall not award any Works contract which involves environmental impacts until:

  • Conditions to The Buyer’s Obligation to Purchase The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion: a. The Company shall have executed this Agreement and delivered the same to the Buyer. b. The Company shall have delivered to the Buyer the duly executed Note (in such denominations as the Buyer shall request) in accordance with Section 1(b) above. c. The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to a majority-in-interest of the Buyer, shall have been delivered to and acknowledged in writing by the Company’s Transfer Agent. d. The representations and warranties of the Company shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Buyer shall have received a certificate or certificates, executed by the chief executive officer of the Company, dated as of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by the Buyer including, but not limited to certificates with respect to the Company’s Certificate of Incorporation, By-laws and Board of Directors’ resolutions relating to the transactions contemplated hereby. e. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement. f. No event shall have occurred which could reasonably be expected to have a Material Adverse Effect on the Company including but not limited to a change in the 1934 Act reporting status of the Company or the failure of the Company to be timely in its 1934 Act reporting obligations. g. The Conversion Shares shall have been authorized for quotation on the OTCBB and trading in the Common Stock on the OTCBB shall not have been suspended by the SEC or the OTCBB. h. The Buyer shall have received an officer’s certificate described in Section 3(c) above, dated as of the Closing Date.