Designated System Contract Maximum REC Quantity definition

Designated System Contract Maximum REC Quantity means, with respect to a Designated System, the maximum number of RECs eligible for payment and for which payment can be made under this Agreement, which shall be equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 20 years, which result shall be rounded down to the nearest whole REC.
Sample 1Sample 2Sample 3
Designated System Contract Maximum REC Quantity means, with respect to a Designated System, the number of RECs expected to be Delivered under this Agreement as of the date of Energization, which may be amended subsequently thereto, and shall be equal to the sum of the Delivery Year Expected REC Quantity across Delivery Years.” The following is added as Section 1.22.7:
Sample 1Sample 2Sample 3
Designated System Contract Maximum REC Quantity means, with respect to a Designated System that is a Distributed Renewable Energy Generation Device, the number of RECs for which payment shall be based as of the date of Energization, which unless amended or adjusted subsequently thereto pursuant to Section 4.2(f), shall be equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC. Unless provided elsewhere or amended or adjusted pursuant to Section 4.2(f), with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity shall be equal to the sum of (a) the multiplicative product of (i) Contract Nameplate Capacity (in MW) at Energization,
Sample 1Sample 2Sample 3

Examples of Designated System Contract Maximum REC Quantity in a sentence

  • If payments have been made to Seller with respect to the Designated System, Seller shall return the amount of payment based on the applicable Contract Price and on the difference between the number of RECs used to calculate payment and the number of RECs Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity).

  • For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and Section 2.6(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g).

  • For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) or Section 2.6(d), and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(i).

  • To the full extent permitted under applicable law, if the Parties have agreed on the terms of a Transaction, the Parties agree not to contest, or to enter any defense concerning the validity or enforceability of a Quantity and (ii) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity).

  • If payments have been made in error to Seller with respect to the Designated System, Seller shall return the amount of payment equal to the multiplicative product of (A) the Contract Price and (B) the positive difference between (i) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity) and (ii) the Designated System Paid REC Quantity.

  • For avoidance of doubt, the sum of the Delivery Year Expected REC Quantity across fifteen (15) years may differ from the Designated System Contract Maximum REC Quantity.

  • For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section and Section and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section .

  • To the full extent permitted under applicable law, if the Parties have agreed on the terms of a Transaction, the product of (A) the Contract Price and (B) the positive difference between (i) the Designated System Paid REC Quantity and (ii) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity).

  • Further, if payments have been made to Seller with respect to the Designated System, Seller shall return the amount of payment based on the applicable Contract Price and on the difference between the number of RECs used to calculate payment and the number of RECs Delivered from such Designated System, not to exceed the Designated System Contract Maximum REC Quantity.

  • For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(a)(i)(b) and Section 2.6(a)(i)(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(a)(i)(g).


More Definitions of Designated System Contract Maximum REC Quantity

Designated System Contract Maximum REC Quantity means, with respect to a Designated System that is a Distributed Renewable Energy Generation Device, the number of RECs for which payment shall be based as of the date of Energization, which unless amended or adjusted subsequently thereto pursuant to Section 4.2(f), shall be equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC. Unless provided elsewhere or amended or adjusted pursuant to Section 4.2(f), with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity shall be equal to the sum of (a) the multiplicative product of (i) Contract Nameplate Capacity (in MW) at Energization, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12 year (or 4/12 as applicable), which result shall be rounded down to the nearest whole REC and (b) the multiplicative product of (i) Contract Nameplate Capacity (in MW) for the period covered in the first Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12 year, which result shall be rounded down to the nearest whole REC and (c) the multiplicative product of (i) Contract Nameplate Capacity (in MW) for the period covered in the second Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12 year, which result shall be rounded down to the nearest whole REC and (d) the multiplicative product of (i) Contract Nameplate Capacity (in MW) for the period covered in the third Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12 year, which result shall be rounded down to the nearest whole REC, and (e) the multiplicative product of (i) Contract Nameplate Capacity (in MW) for the period covered in the fourth Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 14 years (or 167/12 as applicable), which result shall be rounded down to the nearest whole REC.3 For avoidance of doubt, for calculating the Designated System Contract Maximum REC Quantity that prevails at any point in time between Energization and the period covered in the fourth Community Solar Quarterly Report, the Contract Nameplate Capacity (in MW) used for a future period that has not yet occurred shall assume the last known value that is observed. Notwithstanding the calculation set for...
Sample 1Sample 2
Designated System Contract Maximum REC Quantity means, with respect to a Designated System that is a Distributed Renewable Energy Generation Device, the number of RECs expected to be Delivered under this Agreementfor which payment shall be based as of the date of Energization, which unless amended or adjusted subsequently thereto, and shall be equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC. Unless provided elsewhere, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity shall be with respect to the period from Energization through the period covered in the Community Solar First Year Report, equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC; and with respect to the period subsequent to the period covered in the Community Solar First Year Report, equal to the sum of (a) the multiplicative product of (i) Contract Nameplate Capacity (in MW) at Energization, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 1 year (or 13/12 as applicable) and (b) the multiplicative product of (i) Contract Nameplate Capacity (in MW) for the period covered in the Community Solar First Year Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 14 years (or 167/12 as applicable), which result shall be rounded down to the nearest whole REC.1
Sample 1
Designated System Contract Maximum REC Quantity means, with respect to a Designated System that is a Distributed Renewable Energy Generation Device, the number of RECs for which payment shall be based as of the date of Energization, which unless amended or adjusted subsequently thereto, pursuant to Section 4.2(f), shall be equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC. Unless provided elsewhere, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity shall be (unless amended or adjusted pursuant to Section 4.2(f)): with respect to the period from Energization through the period covered in the Community Solar First Year Report, equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor,
Sample 1
Designated System Contract Maximum REC Quantity means, with respect to a Designated System that is a Distributed Renewable Energy Generation Device, the number of RECs for which payment shall be based as of the date of Energization, which unless amended or adjusted subsequently thereto pursuant to Section 4.2(f), shall be equal to the multiplicative product of (a) Contract Nameplate Capacity (in MW), (b) Contract Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC. Unless provided elsewhere, with respect to a
Sample 1

Related to Designated System Contract Maximum REC Quantity

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • 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.

  • 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.

  • service supplier means any person that supplies a service;

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Designated System means an electric generation unit that produces electric energy using a Renewable Energy Source that is selected by the IPA through the ABP and approved by the ICC for inclusion in this Agreement as of the Trade Date of a Product Order. All Designated Systems under this Agreement shall either be a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Normal weekly hours of work means the lesser of 40 hours or

  • Service Switching Point (SSP) is a telephone central office switch equipped with a Signaling System 7 (SS7) interface.

  • licensed water supplier means a company which is the holder for the time being of a water supply licence under Section 17A(1) of the 1991 Act(f);

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Service Switching Point (SSP means the telephone Central Office Switch equipped with a Signaling System 7 (SS7) interface.

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • ordinary hours of work means the hours of work permitted in terms of clause 11;

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • Short-barreled rifle means a rifle having one or more barrels less than sixteen inches in length and any weapon made from a rifle by any means of modification if such modified weapon has an overall length of less than twenty-six inches.

  • Period of Work means the time during which an employee is at the disposal of the employer;

  • Net metering customer means a customer of the electric distribution company

  • Customer-Funded Upgrade means any Network Upgrade, Local Upgrade, or Merchant Network Upgrade for which cost responsibility (i) is imposed on an Interconnection Customer or an Eligible Customer pursuant to Tariff, Part VI, section 217, or (ii) is voluntarily undertaken by a New Service Customer in fulfillment of an Upgrade Request. No Network Upgrade, Local Upgrade or Merchant Network Upgrade or other transmission expansion or enhancement shall be a Customer-Funded Upgrade if and to the extent that the costs thereof are included in the rate base of a public utility on which a regulated return is earned. Customer Interconnection Facilities: