Transfer of RECs and Government Incentives. Commencing on each Purchase Date, all RECs and Government Incentives associated with the installation, ownership, use or operation of each PV System being purchased by Purchaser on such Purchase Date shall be, as between the applicable Seller and Purchaser and to the extent transferable pursuant to Applicable Laws, part of such Seller’s rights related to the Project that are transferred to Purchaser.
Appears in 9 contracts
Samples: Development, Epc and Purchase Agreement (Vivint Solar, Inc.), Development, Epc and Purchase Agreement (Vivint Solar, Inc.), Development, Epc and Purchase Agreement (Vivint Solar, Inc.)