Common use of Reversion of Renewable Energy Credits upon Termination Clause in Contracts

Reversion of Renewable Energy Credits upon Termination. Upon the expiration of this Agreement in accordance with Section 3.1 or a termination of this Agreement in accordance with Sections 3.2 or any other provision herein, any RECs that remain with the Provider that have not been sold shall automatically be transferred back to the Company and all right, title and interest in such RECs shall automatically revert back to the Company without any further action of the Parties required, and all rights to receive payment for any RECs that have been sold but for which Provider has not received payment shall be immediately assigned to the Company, without any further action required by the Company. Prior to any such expiration or promptly upon any such termination, Provider shall, on behalf of Company and at Provider’s sole cost, make such applications to the pertinent Governmental Authorities or other third parties as may be required to establish and shall establish one or more accounts within the attribute tracking systems or generation information systems that are recognized by Governmental Authorities for the purpose of tracking and trading RECs. Provider shall deliver to the Company all account information, application materials, statements of qualification and other documentation as may be required for the Company to create, receive, track and transfer RECs after such an expiration or termination. The Provider’s obligations under this Section 2.12(d) shall survive the expiration or termination of this Agreement.