Environmental Financial Attributes definition

Environmental Financial Attributes means all of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future, excluding, however, any Renewable Energy Credits:

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Environmental Financial Attributes means, Energy, each of the following financial rebates and incentives created under any present or future local state, local, federal or international law or voluntary program that is in effect as of the Effective Date or may come into effect in the future:

Environmental Financial Attributes means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future: (i) all monetary incentives and rebates, incentive tax credits or other tax benefits and accelerated depreciation (collectively, “allowances”), howsoever named or referred to, with respect to any and all fuel, emissions, air quality, or other environmental characteristics, resulting from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of Energy generated by a System; and (ii) all reporting rights with respect to such allowances. Environmental Financial Attributes, however, do not include Renewable Energy Credits, which are defined separately below.

Examples of Environmental Financial Attributes in a sentence

Provider will not be entitled to any adjustment in the Energy Price as a result of a change in Applicable Law which alters the value or applicability of the Renewable Energy Credits and Environmental Financial Attributes and accepts all risk associated with same.
Power Provider shall have all right, title, and interest in and to any and all Environmental Financial Attributes that relate to the Output during the Term, and Host Customer shall have no right, title or interest in or to any such Environmental Financial Attributes.
Buyer’s purchase of Energy does not include Environmental Financial Attributes or Renewable Energy Credits, ownership of which shall be retained by Seller to be marketed or disposed of at Seller’s sole discretion.
At the Power Provider’s request, Host Customer shall execute all such documents and instruments reasonably necessary or desirable to effect or evidence Power Provider’s right, title and interest in and to the Environmental Financial Attributes or Renewable Energy Credits, as the case may be, relating to the System or the Output for the period specified in this Agreement.
All Environmental Financial Attributes relating to the System or the Output will be and remain property of Power Provider.
Host Customer shall not report to any Person that any Environmental Financial Attributes or the Renewable Energy Credits relating to the Output belong to any Person other than Power Provider.
Buyer disclaims any right to Renewable Energy Credits or Environmental Financial Attributes based upon the installation or operation of the System at the Premises, and shall, at the request of Seller, execute any document or agreement reasonably necessary to fulfill the intent of this Section.
If the standards used to qualify the Environmental Financial Attributes or Renewable Energy Credits to which such Party is entitled under this Agreement are changed or modified, the Host Customer shall at the Power Provider’s request use all reasonable efforts to cause the Environmental Financial Attributes or Renewable Energy Credits to comply with new standards as changed or modified.

More Definitions of Environmental Financial Attributes

Environmental Financial Attributes means, without limitation, each of the following financial rebates and incentives created under state, local or federal law that are in effect as of the Effective Date or may come into effect in the future: (i) renewable energy credits including, but not limited to, the New York State Energy Research and Development Authority incentives, and accelerated depreciation (collectively, “Allowances”), howsoever named or referred to, with respect to any and all fuel, emissions, air quality, or other environmental characteristics, resulting from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of energy generated by the System; and (ii) all reporting rights with respect to such Allowances.

Environmental Financial Attributes means each of the following financial rebates and financial incentives created under any present or future local state, local, federal or international law or voluntary program that is in effect as of the Effective Date or may come into effect in the future: (i) solar renewable energy certificates (SRECs); (ii) other state, regional, or federal renewable energy certificates (RECs) however so named or referred to (including, but not limited to Renewable Portfolio Standard (RPS) Class I RECs); (iii) incentive tax credits or other tax benefits, and accelerated depreciation (collectively, “allowances”), howsoever named or referred to, with respect to any and all fuel, emissions, air quality, or other environmental characteristics, resulting from the use of solar generation or the avoidance of the emission of any gas, chemical or other substance into the air, soil or water attributable to the sale of Electricity generated by the System; (iv) any other emissions, air quality or other environmental attribute, aspect, characteristic, claim, credit, benefit, reduction, offset or allowance, howsoever entitled or designated, resulting from, attributable to or associated with the generation of electricity by a solar renewable energy facility; and (v) all reporting rights with respect to such allowances.