Excess RECs is defined in Section 4.1(i).
Excess RECs is defined in Section 4.1(j).
Excess RECs. Shall have the meaning described in Section 2.01 of this Agreement.
Examples of Excess RECs in a sentence
For avoidance of doubt, such Excess RECs cannot be applied to any subsequent Delivery Year to satisfy such subsequent Delivery Year Requirement and are not be eligible for payment by Buyer under any circumstance.
In the event that Excess RECs are Delivered to Buyer, Buyer shall use commercially reasonable efforts to reject such Excess RECs.
More Definitions of Excess RECs
Excess RECs means for any applicable Vintage, any RECs that (a) have been purchased by the Borrower pursuant to Borrower REC Purchase Agreements, (b) have been generated by Projects for such Vintage and deposited into the account of the Borrower and (c) are in excess of the number of RECs required to be delivered pursuant to all Borrower REC Sale Agreements in respect of such Vintage.
Excess RECs means for any applicable Vintage, any RECs that (a) have been purchased by the Borrower pursuant to Borrower REC Purchase Agreements, (b) have been generated by Projects for such Vintage and deposited into the account of the Borrower and (c) are in excess of the number of RECs required to be delivered pursuant to all Borrower REC Sale Agreements in respect of such Vintage. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Excess RECs is defined in Section 5.1(i).