Deliveries and Quantity. On each Delivery Date set forth in the table, Seller will deliver the quantity of the Product (as defined below) having Vintages as and if specified, and Buyer will pay the specified Purchase Price, all in accordance with the Agreement. Delivery Dates Delivery Type Quantity Vintage Purchase REC (indicate dates or (indicate (in MWhrs, (month/year, as Price Delivery as generated, as multiple/periodic unless applicable) ($ per MWhr applicable) deliveries, if otherwise unless applicable) indicated) otherwise indicated)
Deliveries and Quantity. (a) Seller shall be permitted to Deliver RECs from the Project for payment by Xxxxx starting on the first day of the Delivery Term through the Delivery Date of the last Delivery Month.
(b) All RECs Delivered shall be from the Project. Each Delivery shall be deemed a representation by Seller to Buyer that the Product meets the requirements specified in this REC Contract.
(c) RECs shall not be eligible for payment by Buyer if Delivered by Seller prior to June 1, 2019 or if such REC(s) are related to generation of electricity that occurred more than two (2) months prior to the first day of the Delivery Term (such RECs, “Ineligible RECs”). Seller shall have no obligation to Buyer with respect to any Ineligible RECs.
(d) As specified in Section 5.1(i) of the Master REC Agreement, Seller’s failure to Deliver at least one (1) REC from the Project by June 1, 2021 shall constitute an Event of Default and such failure shall not be excused by Force Majeure. Upon the occurrence of such Event of Default, Buyer shall terminate this REC Contract five (5) Business Days after written notice by Buyer to Seller unless Seller demonstrates, within such five (5) Business Day period and to the satisfaction of Buyer in its sole discretion, that Seller has made such Delivery. For such Event of Default, Buyer shall be entitled to payment by Seller in the amount of the Collateral Requirement. The Parties acknowledge that (i) Buyer shall be damaged by the failure of Seller to Deliver at least one (1) REC from the Project by June 1, 2021, (ii) it would be impracticable or extremely difficult to determine the actual damages resulting therefrom, (iii) the remedies specified herein are fair and reasonable and do not constitute a penalty, and (iv) the remedy specified in this Section 3(d) shall be Buyer’s sole and exclusive remedy in such Event of Default and, for the avoidance doubt, neither Buyer nor Seller shall be entitled to any Termination Payment under such circumstance.
(e) Seller will Deliver to Buyer, subject to Section 3(a) of this Cover Sheet, the Delivery Year Requirement in each Delivery Year. For purposes of calculating the Delivery Year Requirement during the first three hundred sixty-five (365) days of the Delivery Term, the Daily Quantity can be reduced by up to fifty (50%) based on the actual amount of RECs Delivered in such three hundred sixty-five (365) day period. (See Exhibit A for an example for the calculation of the Daily Quantity and the Delivery Year Requiremen...
Deliveries and Quantity. (a) For each Designated System that has been Energized, the Delivery of at least one (1) REC from such Designated System is expected to occur to the Buyer’s PJM-EIS GATS account or M-RETS account, as applicable, within 90 calendar days of when such Designated System was Energized if the Actual Nameplate Capacity of such Designated System is greater than 5kW or within 180 calendar days of when the Designated System was Energized if the Actual Nameplate Capacity of such Designated System is equal to or less than 5kW. For each Designated System that fails to Deliver at least (1) one REC from such Designated System by the applicable deadline, Seller must provide to Buyer and the IPA or its designee, with respect to such Designated System, a written notice within sixty (60) days of the applicable deadline to Deliver at least one (1) REC confirming that there are no technical issues, with respect to such Designated System, known to Seller that would impede the generation, issuance and Delivery of RECs from such Designated System or that such technical issues have been resolved by Seller. In the event that Seller fails to provide such written notice within sixty (60) days of the applicable deadline to Deliver at least one (1) REC, then the number of RECs associated with such Designated System shall be deemed removed from this REC Contract and Buyer shall be entitled to payment by Seller in the amount of the greater of: (i) the Collateral Requirement for such Designated System or (ii) one hundred percent (100%) of the total payments Seller has received from Buyer associated with RECs from such Designated System.
(b) For each Designated System that has been Energized, all RECs designated to be Delivered pursuant to the Standing Order associated with such Designated System shall be Delivered to Buyer commencing from the date such Standing Order is established through the end of the Delivery Term of such Designated System regardless of whether the total payment made by Buyer to Seller for RECs from such Designated System is commensurate with the actual number of RECs Delivered from such Designated System.
(c) For each Designated System that has been Energized, a REC delivery schedule is provided in Schedule B to the Product Order applicable to such Designated System that contains the expected number of RECs to be Delivered through the end of the Delivery Term where the number of RECs expected to be Delivered in each Delivery Year is based on the Designated System Con...
Deliveries and Quantity. On each Delivery Date set forth in the table, Seller will deliver the quantity of the Product (as defined below) having Vintages as and if specified, and Buyer will pay the specified Purchase Price, all in accordance with the Agreement. Delivery Dates Delivery Type Quantity Vintage Purchase
Deliveries and Quantity. All RECs Delivered to Buyer from Seller under this Agreement shall be associated with electric energy generated by the Project. For avoidance of doubt, with respect to a Project co-located with an energy storage facility, the RECs Delivered shall be associated with energy generated exclusively from the Project as measured by the Project’s Revenue Quality Meter and not from any other electric source. Each Delivery shall be deemed a representation by Seller to Buyer that the Product meets the requirements specified in this Agreement.
Deliveries and Quantity. (a) Seller will Deliver the quantity of each Product specified in Table 1 and Buyer will pay the specified Purchase Price for such Product, all in accordance with this REC Contract. RECs generated from the Small Size Class cannot be substituted for RECs generated from the Large Size Class (and vice versa). All RECs Delivered shall be based on renewable energy generation from a Designated System that occurred no earlier than twelve (12) months prior to the date of Delivery (all such required generation dates referred to as the “Vintage”).
Deliveries and Quantity. Seller shall be permitted to Deliver RECs from the Project for payment by Buyer starting on the first day of the Delivery Term through the Delivery Date of the last Delivery Month.
Deliveries and Quantity. Seller will Deliver the quantity of the Product specified in Table 1 and Buyer will pay the specified Purchase Price, all in accordance with this REC Contract. The Product delivered for this REC Contract must be generated between the applicable dates specified in Table 1 (all such required generation dates referred to as the “Vintage”). Seller must make the Minimum Deliveries specified in Exhibit D within the time periods specified in Table 1. Table 1 Term Class of Resource (See Note 1 below) Quantity (in MWhrs) Certified by Purchase Price ($ per MWhr) Generation must occur between June 2012 through May 2013 [ ] [ ] [ ] [ ] January 1, 2012 and May 31, 2013
Deliveries and Quantity. On each Delivery Date set forth in the table, Seller will deliver the quantity of the Product (as defined below) having Vintages as and if specified, and Buyer will pay the specified Purchase Price, all in accordance with the Agreement. REC Delivery Delivery Dates (indicate dates or as generated, as applicable) Delivery Type (indicate multiple/periodic deliveries, if applicable) Quantity (in MWhrs, unless otherwise indicated) Vintage (month/year, as applicable) Purchase Price ($ per MWhr unless otherwise indicated) Delivery 1 Delivery 2 Delivery 3 Environmental Attributes and Verification (Go to Part B as applicable). The Product is: Standard RECs (see Schedule P) Basic RECs. Specified REC; complete Part B. otherwise requires separate Verification as set forth on Part B. other: .
Deliveries and Quantity. Seller will Deliver the quantity of the Product (as defined below) and Buyer will pay the specified Purchase Price, all in accordance with this REC Contract. Delivery must be between the Effective Date and July 15, 2012 inclusive (so long as generation occurred on or after January 1, 2011 and before June 1, 2012 (the “Vintage”)) and must be in accordance with Exhibit D (“Minimum Delivery Schedule”). Delivery 1 [_______] [______] [______] [______] Delivery 2 [_____] [______] [______] [______] Note 1 – Class of Resources include (a) wind energy resources from Illinois or the states adjacent to Illinois: Michigan, Wisconsin, Indiana, Iowa, Kentucky, and Missouri (the “Adjacent States”); (b) non-wind energy resources from Illinois or the Adjacent States; (c) wind energy resources from states other than Illinois and the Adjacent States; or (d) non-wind energy resources from states other than Illinois and the Adjacent States. [Note that if a supplier wins multiple blocks of a single Class of Resource with different prices, a single quantity will be used for the entire quantity with a fixed price which is the load weighted average of the individual prices rounded to the nearest $0.01]
