Delivery Year Expected REC Quantity definition

Delivery Year Expected REC Quantity means, with respect to a Designated System and a Delivery Year, the expected number of RECs from such Designated System to be Delivered from Seller to Buyer in such Delivery Year as more fully described in Section 4.2(b), as may be adjusted pursuant to Section 2.6, and as may be amended pursuant to Section 4.2(f), and to be documented in the annual delivery schedule shown in Schedule B to the Product Order for such Designated System.

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Delivery Year Expected REC Quantity means, with respect to a Designated System and a Delivery Year, the expected number of RECs from such Designated System to be Delivered from Seller to Buyer in such Delivery Year as more fully described in Section 4.2(b), as may be adjusted pursuant to Section 2.6(a) or Section 2.6(c), and as may be amended pursuant to Section 4.2(f), and to be documented in the annual delivery schedule shown in Schedule B to the Product Order for such Designated System.

Delivery Year Expected REC Quantity means, with respect to a Designated System and a Delivery Year, the expected number of RECs from such Designated System to be Delivered from Seller to Buyer in such Delivery Year as more fully described in Section 6(c) of the Cover Sheet of the REC Contract,4.2(b), as may be adjusted pursuant to Sections 5(f)(i)-(iii) of the Cover Sheet,Section 2.6(b) or Section 2.6(d), and as may be amended pursuant to Section 6(f) of the Cover Sheet4.2(f), and to be documented in the annual delivery schedule shown in Schedule B to the Product Order for such Designated System.

Examples of Delivery Year Expected REC Quantity in a sentence

If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1).
For purposes of re-calculating the delivery schedule, the Delivery Year in which the date of Energization occurred shall be the first Delivery Year for which a Delivery Year Expected REC Quantity is calculated and the Delivery Year Expected REC Quantity for such first Delivery Year shall be calculated using the updated Contract Nameplate Capacity based on the updated percent of the Actual Nameplate Capacity that is being Subscribed as established pursuant to Section 2.6(b) and Section 2.6(c).
If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F).
If the Delivery Term extends beyond a 20-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 20th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1).
If the Delivery Term for a Designated System extends beyond the Delivery Years for which a Delivery Year Expected REC Quantity is provided above, then each subsequent Delivery Year Expected REC Quantity shall be 99.5% of the prior Delivery Year Expected REC Quantity for such Designated System.
Such request shall include pertinent information related to the payment adjustment as well as requested changes to future Delivery Year Expected REC Quantity and Contract Nameplate Capacity.
The Delivery Year Expected REC Quantity for the first (1st) Delivery Year is the multiplicative product of (a) the Contract Nameplate Capacity (MW), (b) the Year-1 Contract Capacity Factor, and (c) 8,760 hours, which result shall be rounded down to the nearest whole REC.
Any such changes in the delivery schedule and adjustments made to future Delivery Year Expected REC Quantity shall be documented in an amended Schedule B to the Product Order applicable to such Designated System issued by the IPA or its designee to Buyer and Seller.
Any such changes in the delivery schedule and adjustments made to future Delivery Year Expected REC Quantity and Contract Nameplate Capacity shall be documented in an amended Schedule B to the Product Order applicable to such Designated System issued by the IPA or its designee to Buyer and Seller.
Such request shall include pertinent information related to the payment adjustment as well as requested changes to future Delivery Year Expected REC Quantity and Contract Nameplate Capacity and/or Contract Capacity Factor.

More Definitions of Delivery Year Expected REC Quantity

Delivery Year Expected REC Quantity means, with respect to a Designated

Delivery Year Expected REC Quantity means, with respect to a Designated System and a Delivery Year, the expected number of RECs from such Designated System to be Delivered from Seller to Buyer in such Delivery Year as more fully described in Section 6(c) of the Cover Sheet of the REC Contract, as may be adjusted pursuant to Section 5(e)(iv) of the Cover Sheet, and as may be amended pursuant to Section 6(f) of the Cover Sheet.”