Common use of SYSTEM ELECTRICAL OUTPUT Clause in Contracts

SYSTEM ELECTRICAL OUTPUT. Customer hereby assigns to Company all of its rights to all electrical output of the Customer System and, upon receipt of payment by the Company for the Performance Based Incentive based on actual energy generated from the installation and use of the Customer System, assigns by operation of this Agreement all resultant associated environmental credits, specifically including those created under the Arizona Corporation Commission’s Renewable Energy Standard and Tariff (REST) program (the “Renewable Energy Credits”). Company will thereafter return any and all value of such electric output to the Customer at no cost to Customer. Company’s right to Customer’s power output and credits assigned hereunder shall continue until the last day of the month of in 20 _ and shall survive any termination of this Agreement.

Appears in 4 contracts

Samples: Purchase Agreement, Credit Purchase Agreement, Purchase Agreement

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