Common use of Renewable Attributes Clause in Contracts

Renewable Attributes. (a) The Generator hereby transfers and assigns to, or to the extent transfer or assignment is not permitted, holds in trust for, the AESO which shall thereafter retain, all rights, title, and interest in all Renewable Attributes generated by or associated with the Facility during the Term. The Parties acknowledge and agree that, in any Settlement Period, the value of the consideration payable by the AESO for the Renewable Attributes transferred to, assigned to or otherwise held in trust for the AESO pursuant to this Agreement shall be equal to the Monthly Support Payment for such Settlement Period. (b) The Generator shall from time to time, upon written direction of the AESO, take all such actions and do all such things necessary to effect the transfer and assignment to, or holding in trust for, the AESO, all rights, title, and interest in all Renewable Attributes as set out in Section 5.1(a). (c) The Generator shall from time to time, upon written direction of the AESO, take all such actions and do all such things necessary for the Generator (or for the AESO, at the AESO's election) to certify, obtain, qualify, and register with the relevant authorities or agencies Renewable Attributes (including for certainty, "renewable energy certificates" or similar certificates or instruments issued by the Western Renewable Energy Generation Information System) that are generated by or associated with the Facility during the Term for the purposes of transferring such Renewable Attributes (and the associated certificates or instruments) to the AESO in accordance with Section 5.1(a). Such directions under this Section 5.1(c) may, at the AESO's election, include registering any such Renewable Attributes (and the associated certificates or instruments) in the name of the AESO, or transferring or depositing any such Renewable Attributes (and the associated certificates or instruments) to accounts held by the AESO. The Generator shall be entitled to reimbursement of all out-of-pocket, third party costs of complying with a direction under this Section 5.1(c), provided that the AESO, acting reasonably, approved such cost in writing prior to the cost being incurred by the Generator.

Renewable Attributes. ‌ (a) The Generator hereby transfers and assigns to, or to the extent transfer or assignment is not permitted, holds in trust for, the AESO which shall thereafter retain, all rights, title, and interest in all Renewable Attributes generated by or associated with the Facility during the Term. The Parties acknowledge and agree that, in any Settlement Period, the value of the consideration payable by the AESO for the Renewable Attributes transferred to, assigned to or otherwise held in trust for the AESO pursuant to this Agreement shall be equal to the Monthly Support Payment for such Settlement Period. (b) The Generator shall from time to time, upon written direction of the AESO, take all such actions and do all such things necessary to effect the transfer and assignment to, or holding in trust for, the AESO, all rights, title, and interest in all Renewable Attributes as set out in Section 5.1(a). (c) The Generator shall from time to time, upon written direction of the AESO, take all such actions and do all such things necessary for the Generator (or for the AESO, at the AESO's election) to certify, obtain, qualify, and register with the relevant authorities or agencies Renewable Attributes (including for certainty, "renewable energy certificates" or similar certificates or instruments issued by the Western Renewable Energy Generation Information System) that are generated by or associated with the Facility during the Term for the purposes of transferring such Renewable Attributes (and the associated certificates or instruments) to the AESO in accordance with Section 5.1(a). Such directions under this Section 5.1(c) may, at the AESO's election, include registering any such Renewable Attributes (and the associated certificates or instruments) in the name of the AESO, or transferring or depositing any such Renewable Attributes (and the associated certificates or instruments) to accounts held by the AESO. The Generator shall be entitled to reimbursement of all out-of-pocket, third party costs of complying with a direction under this Section 5.1(c), provided that the AESO, acting reasonably, approved such cost in writing prior to the cost being incurred by the Generator.