Purchase of Net Metering Credits by Distribution Company. (i) In the event that Buyer is the Host Customer, and there is Net Energy for which the Distribution Company elects to purchase rather than allocate Net Metering Credits, Buyer shall be entitled to the Net Metering Credit value for Buyer’s share of Net Energy as set forth in section (d) of Exhibit A to this Agreement.
Purchase of Net Metering Credits by Distribution Company. In the event that there is Net Energy for which the Distribution Company elects to purchase rather than allocate Net Metering Credits to Host’s designees, Host shall assign to CVEC the right to receive such payment. CVEC shall allocate to Host the Net Metering Credits associated with the Host’s share of Net Energy from the PV System. If applicable under the Tariffs, CVEC and Host acknowledge and agree to request on Schedule Z of the Interconnection Agreement that the Distribution Company purchase Net Metering Credits from Host Customer in connection with the operation of the PV System. Regardless of whether Host receives an allocation of Net Metering Credits or whether Host receives a payment for the value of the Net Metering Credits purchased by the Distribution Company, Host must pay the price for each kWh of electric power set forth in Exhibit D.
Purchase of Net Metering Credits by Distribution Company. In the event that there is Net Energy for which the Distribution Company elects to purchase rather than allocate Net Metering Credits to Buyer’s designees, Buyer shall assign to Seller the right to receive such payment. Seller shall allocate to Buyer and any other purchaser of Net Metering Credits associated with the Net Energy of the PV System their respective shares of the Net Metering Credit value as paid to Seller by the Distribution Company pursuant to Buyer’s assignment of such payment right. Seller and Buyer acknowledge and agree to request on Schedule Z of the Distribution Company tariffs that the Distribution Company purchase Net Metering Credits from the Host Customer in connection with the operation of the PV System. In the event that the Distribution Company does not agree to such request and instead elects to allocate Net Metering Credits to the Host Customer or its designees, Seller and Buyer agree to use their best efforts to amend Exhibit A to conform to Section 3.4(a) and the original intent and economic effect of this Agreement in a timely fashion. Regardless of whether Buyer receives an allocation of Net Metering Credits or whether Buyer receives a payment for its share of the value of the Net Metering Credits purchased by the Distribution Company, Buyer must pay the price for each kWh of electric power set forth in Exhibit A.
