Retained Benefits Sample Clauses
The Retained Benefits clause defines which rights, privileges, or benefits a party keeps after entering into an agreement, despite transferring or assigning other interests. Typically, this clause lists specific benefits—such as intellectual property rights, revenue streams, or usage rights—that are not included in the scope of the transaction or contract. By clearly outlining what remains with the original party, the clause prevents misunderstandings and disputes over ownership or access, ensuring both parties understand the boundaries of what is being transferred and what is not.
Retained Benefits. Seller shall retain for its own use or disposition all Financial Incentives and all attributes, benefits and credits associated with the Generating Facility and the electrical or thermal energy produced therefrom, other than the Power Product and the Related Products. Subject to Seller’s compliance with the applicable FERC rules and regulations, Seller may use, provide and convey any electric energy, capacity, Green Attributes, Capacity Attributes, Resource Adequacy Benefits, or any other product or benefit associated with the Generating Facility or the output thereof before the Term Start Date.
Retained Benefits. Seller shall retain for its own use or disposition all Financial Incentives and all attributes, benefits and credits associated with the Generating Facility and the electrical or thermal energy produced therefrom, other than the Power Product and the Related Products. Nothing in this Agreement restricts Seller’s ability to use, provide and convey any energy, capacity, Green Attributes, Capacity Attributes, Resource Adequacy Benefits, or any other product or benefit associated with the Generating Facility or the output thereof before the Term. {Buyer Comment: Insert this sentence only if Seller has a FERC jurisdictional interconnection agreement.} Notwithstanding anything to the contrary in this Agreement, as of the Effective Date and until the Term End Date, Seller may not use, provide or convey any of the Power Product and the Related Products to any Person other than Buyer (unless the FERC determines that a party holding a state jurisdictional interconnection agreement may sell Related Products to a Person other than Buyer). {Buyer Comment: Insert this sentence if Seller does not have a FERC jurisdictional interconnection agreement.}
Retained Benefits. Seller shall retain for its own use or disposition all Financial Incentives and all attributes, benefits and credits associated with the Generating Facility and the electrical or thermal energy produced therefrom, other than the Power Product and the Related Products. Nothing in this Agreement restricts Seller’s ability to use, provide and convey any energy, capacity, Green Attributes, Capacity Attributes, Resource Adequacy Benefits, or any other product or benefit associated with the Generating Facility or the output thereof before the Term. Notwithstanding anything to the contrary in this Agreement, as of the Effective Date and until the Term End Date, Seller may not use, provide or convey any of the Power Product and the Related Products to any Person other than Buyer (unless the FERC determines that a party holding a state jurisdictional interconnection agreement may sell Related Products to a Person other than Buyer).
Retained Benefits. Seller shall retain for its own use or disposition all Financial Incentives and all attributes, benefits and credits associated with the Generating Facility and the electrical or thermal energy produced therefrom, other than the Product. Notwithstanding anything to the contrary in this Agreement, during the Term, Seller may not use, provide or convey any portion of the Product to any Person other than Buyer.
Retained Benefits. Any part of a Participant's benefit which is retained in the Plan after the Anniversary Date on which his participation ends will continue to be treated as a Company Stock Account or as an Other Investments Account (subject to Section 7.4(a)) as provided in Article IV. However, neither account will be credited with any further Employer contributions.