Examples of Community Solar Quarterly Report in a sentence
For avoidance of doubt, the first Community Solar Quarterly Report is required to be submitted only after a full Quarterly Period has concluded.
Such Community Solar Quarterly Report shall indicate the percent of Actual Nameplate Capacity that has been Subscribed and the Community Solar Subscription Mix.
For each Community Renewable Energy Generation Project that is Energized, and for each of the first four (4) full Quarterly Periods after Energization, Seller shall provide to Buyer and the IPA a Community Solar Quarterly Report substantially in the form of Exhibit C-2 on a quarterly basis on or after the first (1st) day of the month, but no later than the tenth (10th) day of the month immediately succeeding the conclusion of each of the first four Quarterly Periods after Energization.
If a Designated System meets a Community Solar Subscription Mix requirement for a lower Price Adder than what was obtained following the last Community Solar Quarterly Report, the Designated System will be deemed to have obtained that lower Price Adder for the Delivery Year for the purposes of calculating the draw above.
Notwithstanding the foregoing, the Drawdown Payment pursuant to Section 4.2(c)(iv), if applicable, shall be calculated and accounted first before the calculation pursuant to Section 4.2(d) is made, and the sum of the Drawdown Payments calculated pursuant to Section 4.2(c)(iv) and Section 4.2(d) shall not exceed the total payment allocable to that Delivery Year based on the Subscription information indicated in the last Community Solar Quarterly Report.
The second Community Solar Quarterly Report is required to be submitted by Seller concurrent with its invoice on September 10, 2019.
For purposes of the deficiency cure process, Seller shall submit updated information for an additional Quarterly Period (or extended cure period approved by the IPA), in an addendum to the fourth (4th) Community Solar Quarterly Report by the tenth (10th) day of the month immediately succeeding such additional Quarterly Period or extended cure period, as applicable.
Seller pays (i) the Collateral Requirement calculated at the time of the issuance of the fourth (4th) Community Solar Quarterly Report and (ii) if payments have been made to Seller with respect to the Designated System, Seller shall make a payment adjustment to Buyer based on the Contract Price recorded at Energization and on the difference between the number of RECs used to calculate payment and the number of RECs Delivered from such Designated System.
If a Designated System meets a Community Solar Subscription Mix requirement for a lower REC price adderPrice Adder than what was obtained following the last Community Solar Quarterly Report, it the Designated System will be deemed to have obtained that lower adderPrice Adder for the Delivery Year for the purposes of calculating the draw above.
This calculation will only occur after the final Contract Price and quantity of RECs due payment are determined per section 5(e)(iv)(D) of the Cover Sheet and will be based on that final Contract Price and quantity which is determined by the last Community Solar Quarterly Report submitted pursuant to Section 10(b) of the Cover Sheet.