Environmental Attributes Value definition

Environmental Attributes Value means the value of Environmental Attributes purchased by Buyer under this Agreement, stated in $/MWh, determined based on a Renewable Energy Credit pricing index that has been mutually agreed upon by Seller and Buyer or, if such index is not available, the value of the Environmental Attributes as determined by the average of three (3) nationally-recognized broker quotes for Environmental Attributes that meet the definition of Environmental Attributes set forth in this Agreement; provided that such index pricing or broker quotes shall relate to Environmental Attributes that are derived from comparable vintage and generation technology as the Environmental Attributes that are being replaced, and are from a generator that qualifies as an “eligible renewable energy resource” within the meaning of the RPS Law at the time of such pricing or broker quotes, as applicable.
Sample 1
Environmental Attributes Value means the value of the Renewable Energy Credits of the same Portfolio Content Category (i.e., PCC1) as the Environmental Attributes portion of the Product and of the same timeframe for retirement as the Renewable Energy Credits that would have been generated by the Facility during the applicable Contract Year, determined based on the average of quotes for any volume available from at least three (3) brokers obtained by Buyer which brokers must be reasonably acceptable to Seller; provided that such broker quotes shall relate to Environmental Attributes with RECs that are PCC1 and are derived from comparable vintage as the Environmental Attributes that are being replaced, and are from a generator that qualifies as an “eligible renewable energy resource” within the meaning of the RPS Law at the time of such pricing or broker quotes, as applicable. If three broker quotes are not available to Buyer after sixty (60) days of commercially reasonable efforts to obtain such quotes, then the value will be equal to the average of any available broker quotes Buyer received. If Buyer has not obtained any such broker quotes Seller shall have a commercially reasonable amount of time to obtain such a quote(s) from a broker(s) which must be reasonably acceptable to Buyer. If no broker quotes are available after sixty (60) days of commercially reasonable efforts by Xxxxxx, Buyer may elect to continue to seek broker quotes or apply the WREGIS Withhold Amount in lieu of the broker quote methodology.
Sample 1
Environmental Attributes Value means Zero Dollars ($0) per MWh.
Sample 1

Examples of Environmental Attributes Value in a sentence

  • Buyer shall provide Seller prompt written notice of the Environmental Attributes Value, together with back-up documentation.


More Definitions of Environmental Attributes Value

Environmental Attributes Value means the value of Environmental Attributes purchased by Buyer under this Agreement, stated in $/MWh, determined based on a Renewable Energy Credit pricing index that has been mutually agreed upon by Seller and Buyer or, if such
Sample 1
Environmental Attributes Value means the value of Environmental Attributes that would have been purchased by Buyer under this Agreement had Seller delivered the Facility Energy associated therewith to Buyer and Buyer accepted such Facility Energy, stated in $/MWh, determined based on the average of quotes for Environmental Attributes that meet the definition of Environmental Attributes set forth in this Agreement from three (3) nationally-recognized and mutually acceptable brokers; provided that such broker quotes shall relate to Environmental Attributes that are derived from comparable vintage as the Environmental Attributes that are being replaced, and are from a generator that qualifies as an “eligible renewable energy resource” within the meaning of the RPS Law at the time of such pricing or broker quotes, as applicable. If the Parties cannot agree on brokers as required by this definition within five (5) days after such quotes are required, each Party shall designate a broker, and the two designated brokers shall designate the third broker.
Sample 1
Environmental Attributes Value means the value of an Environmental Attribute purchased by Buyer under this Agreement, stated in $/MWh, determined based on a Renewable Energy Credit pricing index that has been mutually agreed upon by Seller and Buyer or, if such index is not available, the value of the Environmental Attributes (stated for a single Environmental Attribute) as determined by the average of three (3) nationally recognized broker quotes for Environmental Attributes; provided, however, that during the period of time the Contract Price is reduced pursuant to Section 3.3(d)ii), “Environmental Attributes Value” shall mean Zero Dollars ($0) per MWh.
Sample 1

Related to Environmental Attributes Value

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Field emission equipment means equipment which uses an x-ray tube in which electron emission from the cathode is due solely to the action of an electric field.

  • Environmental Authority means any foreign, federal, state, local or regional government that exercises any form of jurisdiction or authority under any Environmental Requirement.

  • Total Tangible Assets means, as of any date, (a) the aggregate amount of the assets (other than intangible assets, goodwill and deferred tax assets) of the Group, as disclosed on the consolidated statement of financial position in the most recent Accounts of the Group, minus (b) the lesser of (i) the aggregate value of all Project Assets subject to any Lien securing any Limited Recourse Indebtedness and (ii) the aggregate principal amount of Limited Recourse Indebtedness, in each case, as reflected in (or derived from) the most recent Accounts of the Group, plus (c) the net cash proceeds received by the Parent Guarantor from any share capital issuance by the Parent Guarantor consummated after the date of the most recent balance sheet included in such Accounts and on or prior to such date.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.