Examples of Community Solar Subscription Mix 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 a Designated System meets a Community Solar Subscription Mix requirement for a lower REC price adder than what was obtained following the Community Solar First Year Report, it will be deemed to have obtained that lower adder for the Delivery Year for the purposes of calculating the draw above.
The Designated System must maintain the minimum Community Solar Subscription Mix required under the SFA for the REC price adder obtained in the Non-Anchor Tenant Contract Price that resulted from the Community Solar Subscription Mix indicated in the Community Solar First Year Report; the Designated System must also maintain the subscription shares of the Anchor Tenant and End Use Customers as indicated in the Community Solar First Year Report.
In the event that the Community Solar Subscription Mix calculated for the fourth full Quarterly Period after Energization for a Designated System is less than fifty percent (50%), that Designated System shall be subject to Section 2.6(c).
If the Designated System regains a Community Solar Subscription Mix and Subscription percentage at or above their contracted amount in subsequent years, a drawdown under this Section 4.2(d) will not occur in those years; however, overperformance in a Delivery Year will not be banked or applied to past Delivery Years.
The draw on Seller’s Performance Assurance will be calculated as the difference between (a) the contracted payment for that Delivery Year and (b) the amount that would have been paid given the realized Community Solar Subscription Mix and the percent of Actual Nameplate Capacity that has been subscribed, if (a) exceeds (b).
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.
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.