Examples of Designated System in a sentence
Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems.
Any Surplus RECs remaining in the Surplus REC Account with respect to such Designated System shall be returned from Buyer to Seller.
Upon such return, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System.
Seller pays to Buyer the Collateral Requirement associated with the Designated System plus any extension fees associated with such Designated System that have been paid by Seller to Buyer.
For the Quarterly Periods from June through August and from September through November, the quantity of RECs that are eligible for payment shall be equal to the multiplicative product of: (a) the percent of Actual Nameplate Capacity that has been Subscribed as observed on the first Business Day of June and (b) the RECs that have been Delivered from such Designated System during the applicable Quarterly Period.