Common use of Resulting payment Clause in Contracts

Resulting payment. Any Surplus RECs remaining in the Surplus REC Account with respect to such Designated System shall be returned from Buyer to Seller. Upon such return, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System. If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6.

Resulting payment. Any Surplus RECs remaining in the Surplus REC Account with respect to such Designated System shall be returned from Buyer to Seller. Upon such return, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System. If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6. N: Seller, prior to the prevailing Scheduled Energized Date, has determined that a Designated System will not be constructed and provides written notice to Buyer and the IPA of such determination pursuant to Section 2.4(d) of this Agreement.