Common use of REC Delivery Clause in Contracts

REC Delivery. Seller shall deliver to Xxxxx’s Account the Contract Quantity of the REC component of the Product in the form of Certificates. Seller agrees that in addition to representing the attributes and characteristics under the Tracking System’s operating rules and requirements, the Certificate will also represent the REC, Renewable Energy Attributes, and REA Reporting Rights as defined in this Agreement. No later than fourteen (14) calendar days after the meter data is delivered to Seller’s Account, Seller shall review the meter data and complete all acts necessary to create the Certificates in the Tracking System and shall transfer the Certificates into Buyer’s Account. Each Party shall establish an Account with the Tracking System for the creation, transfer, and/or receipt of the Certificates. Xxxxxx agrees to establish the Account for the Facility no later than fifteen (15) Business Days prior to the Commercial Operation Date.

Appears in 5 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.