Transfer and Tracking of Renewable Energy Credits Sample Clauses

Transfer and Tracking of Renewable Energy Credits. Throughout the Delivery Term, Seller shall initiate transfer order(s) for the WREGIS Certificates to be transferred hereunder to Xxxxx’s WREGIS Account. The WREGIS Certificates will be transferred to Buyer through WREGIS. Seller shall be deemed to have delivered the applicable quantity of WREGIS Certificates to Buyer after initiating the transfer of the applicable quantity of WREGIS Certificates to Buyer’s WREGIS Account. Seller shall initiate the transfer into Buyer’s WREGIS account of the quantity of WREGIS Certificates on or before five (5) Business Days after the later of (i) the date on which WREGIS Certificates corresponding to the energy delivered during the Delivery Term have been created in the WREGIS accounts for the Project, and (ii) the date on which the applicable pooled facility with which such WREGIS Certificates are associated has received final CEC certification as an ERR (each, a “Delivery Date”). Buyer shall confirm such transfer as soon as reasonably practical in accordance with WREGIS. Xxxxx agrees that it is solely responsible for payment directly to WREGIS of any and all WREGIS fees billed to Buyer by WREGIS related to the transfer and receipt of WREGIS Certificates. Seller and, if applicable, its successors, represents and warrants that throughout the Delivery Term of this Agreement the Renewable Energy Credits transferred to Buyer conform to the definition and attributes required for compliance with the California Renewables Portfolio Standard, as codified at California Public Utilities Code Section 399.11 et seq. and implemented in a manner consistent with the Enforcement Procedures for the Renewables Portfolio Standard for Local Publicly Owned Electric Utilities, as adopted by the California Energy Commission on June 12, 2013, as may be further amended or subsequent legislation. To the extent a change in law or regulation occurs after execution of this Agreement that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Seller has used commercially reasonable efforts to comply with such change in law or regulation.
Sample 1
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