Examples of Community Solar Quarterly Report in a sentence
Such Community Solar Quarterly Report shall be submitted concurrent with its invoice, indicating the percent of Actual Nameplate Capacity that has been subscribed and the Community Solar Subscription Mix.
If the Designated System is a Community Renewable Energy Generation Project, the IPA or its designee may update Schedule B to the Product Order for such Designated System on a quarterly basis based on the Community Solar Quarterly Report submitted pursuant to Section 10(b) of the Cover Sheet.
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.
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.
For avoidance of doubt, the first Community Solar Quarterly Report is required to be submitted only after a full Quarterly Period has concluded.
The Buyer, solely as a result of its purchase of the Business from MD Industries pursuant hereto and the assumption of the Assumed Liabilities, will not become restricted in carrying on any business anywhere in the world due to any restrictions described in Schedule 3.1.13.
For purposes of the quarterly payment adjustment, the Contract Price used for purposes of calculating REC payments shall be based on the greater of: (a) the Community Solar Subscription Mix on the last day of the preceding Quarterly Period and (b) the simple average of the fifteen (15) highest daily values observed in the preceding Quarterly Period for the Community Solar Subscription Mix as reported in the Community Solar Quarterly Report submitted by Seller to the IPA.
Failure to maintain the Community Solar Subscription Mix and the percent of Actual Nameplate Capacity that has been subscribed as provided in the last Community Solar Quarterly Report submitted pursuant to Section 10(b) of the Cover Sheet in a Delivery Year shall result in payment to Buyer from Seller of a monetary amount, determined by the IPA or its designee, and Buyer may draw on Seller’s Performance Assurance for this purpose.
Subsequent to Energization, the quantity of RECs as well as the Contract Price used for purposes of the REC payment shall be subject to four (4) additional payment adjustments based on the information in the Community Solar Quarterly Report submitted by Seller to the IPA pursuant to Section 6.2 for each of the first four (4) full Quarterly Periods7 after Energization.
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.