Delivery Year Requirement definition

Delivery Year Requirement means the quantity of RECs for a given Delivery Year equal to the sum of the Daily Quantity for each day in the Delivery Year that is within the Delivery Term, rounded to the nearest integer; provided that the Delivery Year Requirement for any Delivery Year in which a Suspension Period occurs shall be adjusted based on the amount of Product actually Delivered prior to the start of such Suspension Period, and the Delivery Year Requirement for a Delivery Year that is extended as a result of the Suspension Period shall be correspondingly increased unless the Parties agree otherwise.
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Delivery Year Requirement means the quantity of RECs for a given Delivery Year equal to the sum of the Daily Quantity for each day in the Delivery Year that is within the Delivery Term, rounded to the nearest integer; provided that the Delivery Year Requirement for any Delivery Year in which a Suspension Period occurs shall be adjusted based on the amount of Product actually Delivered prior to the start of such Suspension Period, and the Delivery Year Requirement for a Delivery Year that is extended as a result of the Suspension Period shall be correspondingly increased unless the Parties agree otherwise.” The last sentence of the definition of “Environmental Attribute” in Section 1.27 is replaced in its entirety with the following: “Environmental Attributes do not include production or investment tax credits, other federal, state or local tax benefits, incentives or deductions, or other direct third-party subsidies for generation of electricity by the Project, all of which credits, benefits, incentives, deductions or subsidies are reserved exclusively to Seller.” The following is added as Section 1.29.1:
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Delivery Year Requirement means with respect to a Project where the Date of First Operation has occurred, the quantity of RECs for a given Delivery Year equal to the multiplicative product of (a) the Delivery Year Allocation Factor and (b) the Maximum Contract Quantity; provided that the Delivery Year Requirement for any Delivery Year in which a Suspension Period occurs shall be adjusted based on the amount of Product actually Delivered prior to the start of such Suspension Period, and the Delivery Year Requirement for any subsequent Delivery Year beyond what is provided in the Product Order as a result of the Suspension Period, if applicable, shall be calculated consistent with Section 1.29, Section 1.30, Section 1.31 and Section 1.67. Further, the Delivery Year Requirement for the last Delivery Year may be adjusted pursuant to Section 4.1(f) so that RECs delivered under this Agreement may not cumulatively cause the Maximum Contract Quantity to be exceeded.
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Examples of Delivery Year Requirement in a sentence

  • The Delivery Year Requirement for Delivery Year 0 is not applicable if the Earliest Vintage Month is June.


More Definitions of Delivery Year Requirement

Delivery Year Requirement means with respect to a Project where the Date of First Operation has occurred, the quantity of RECs for a given Delivery Year equal to the multiplicative product of (a) the Delivery Year Allocation Factor and (b) the Maximum Contract Quantity; provided that the Delivery Year Requirement for any Delivery Year in which a Suspension Period occurs shall be adjusted based on the amount of Product actually Delivered prior to the start of such Suspension Period, and the Delivery Year Requirement for any subsequent Delivery Year beyond what is provided in the Product Order as a result of the Suspension Period, if applicable, shall be calculated consistent with Section 1.29, Section 1.30, Section 1.31 and Section 1.65. Further, the Delivery Year Requirement for the last Delivery Year may be adjusted pursuant to Section 4.1(f) so that RECs delivered under this Agreement may not cumulatively cause the Maximum Contract Quantity to be exceeded.
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Delivery Year Requirement means with respect to a Project where the Date of First Operation has occurred, the quantity of RECs for a given Delivery Year equal to the multiplicative product of (a) the Delivery Year Allocation Factor and (b) the Maximum Contract Quantity, which shall be pro- rated for the number of days in the Delivery Year that is within the Acceptable Vintage Period; provided that the Delivery Year Requirement for any Delivery Year in which a Suspension Period occurs shall be adjusted based on the amount of Product actually Delivered prior to the start of such Suspension Period, and the Delivery Year Requirement for a Delivery Year that is extended as a result of the Suspension Period shall be correspondingly increased unless the Parties agree otherwise. any subsequent Delivery Year beyond what is provided in the Product Order as a result of the Suspension Period, if applicable, shall be calculated consistent with Section 1.26, Section 1.27, Section 1.28 and Section 1.54. Further, the Delivery Year Requirement for the last Delivery Year may be adjusted pursuant to Section 4.1(f) so that RECs delivered under this Agreement may not cumulatively cause the Maximum Contract Quantity to be exceeded.
Sample 1
Delivery Year Requirement means the quantity of RECs for a given Delivery Year equal to the sum of the Daily Quantity for each day in the Delivery Year that is within the Acceptable Vintage Period, rounded to the nearest integer [Commenter 7 Note: Do we want to round down?]; provided that the Delivery Year Requirement for any Delivery Year in which a Suspension Period occurs shall be adjusted based on the amount of Product actually Delivered prior to the start of such Suspension Period, and the Delivery Year Requirement for a Delivery Year that is extended as a result of the Suspension Period shall be correspondingly increased unless the Parties agree otherwise.
Sample 1

Related to Delivery Year Requirement

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.1.

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Debt Service Requirement means for any period, the sum of interest expense (whether paid or accrued and including interest attributable to Capital Lease Obligations), scheduled principal payments on all Indebtedness, and capitalized lease expenditures, all due for such period, determined without duplication and accordance with GAAP.

  • performance requirement means a requirement that:

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Certification period means the period for which an individual is certified eligible for a program.

  • Delivery Schedule means the schedule for the delivery of Services as set forth in attached Annex 3.

  • End Client Requirements means the specific requirements of the End Client, as notified to the Supplier in writing;