Examples of Committed Energy in a sentence
In relation to each Committed Energy Product, the Customer is deemed to enter into an Energy Product Order on similar terms (including in relation to Risk Type) at 11.59pm on the Day before each anniversary of the Commitment Date (“Successive Commitment Date”) for that Energy Product.
These data are also presented in the Appendices in Table 6: Committed Energy Efficiency Program Funding Not Yet Spent, and Table 7: 2017 Authorized and Spent/Unspent Detail.
Seller shall notify Company promptly upon Seller’s delivery of Renewable Energy hereunder that exceeds 110% of the Committed Energy for a Commercial Operation Year.
Title to, and risk of loss related to, the Committed Energy delivered to Buyer transfers from Seller to Buyer at the Delivery Point.
In accordance with the terms and conditions of this Agreement, commencing on the Commercial Operation Date and continuing throughout the Term, Seller shall sell to Buyer, and Buyer shall purchase from Seller, all of the Committed Energy of the Facility, and Seller shall deliver to Buyer at the Delivery Point, and Buyer shall accept from Seller at the Delivery Point, all of the Committed Energy of the Facility.
For the avoidance of doubt, title to all Environmental Attributes associated with the Committed Energy shall remain with Seller following the delivery of the Committed Energy at the Delivery Point and, to the extent that Facility Attributes are available or become available during the Term, Seller shall have the exclusive right to all Facility Attributes associated with or available from the Facility during the Term.
At no time shall Buyer be responsible for losses of Committed Energy from the Facility to the Delivery Point.
The amount of Committed Energy shall be deemed Confidential Information for purposes of Section 20.18.
Cure Period: Seller shall be deemed to have cured this default if, in the following Commercial Operation Year, Seller delivers to Company at least 95% of the Committed Energy for such Commercial Operation Year (again as adjusted pursuant to Exhibit S – Methodology for Adjusting Committed Solar Energy).
Similar to Exhibit M – Methodology for Adjusting Committed Energy in the 2017 All Source RFP and 2019 ERP Amendment RFP, the Committed Solar Energy for the relevant Commercial Operation Year shall be multiplied by the ratio of the actual global horizontal irradiance for such Commercial Operation Year to the annual expected global horizontal irradiance for the Facility.27 This revision is reflected in the attached Revised Model Renewable PPA to this Updated Settlement Agreement (Attachment 3).