Examples of First Year Report in a sentence
The payment adjustment shall be based on information from the Community Solar First Year Report submitted by Seller.
The Community Solar First Year Report is required to be submitted by Seller on or prior to June 10, 2021 and should be submitted concurrent with its invoice submitted on June 10, 2021, if any.
If a Designated System meets a Community Solar Subscription Mix requirement for a lower REC price adder than what was obtained following the Community Solar First Year Report, it will be deemed to have obtained that lower adder for the Delivery Year for the purposes of calculating the draw above.
This calculation will only occur after the final Contract Price and quantity of RECs due payment are determined per Section 5(f)(iii) of the Cover Sheet and will be based on that final Contract Price and quantity which is determined by the Community Solar First Year Report submitted pursuant to Section 10(b) of the Cover Sheet.
For the Quarterly Period ending in August, November, February or May, such First Year Report is due by the 10th of September, December, March or June, respectively.
The Base Subscription Rate shall be the greater of: 50% or the highest average subscription percentage calculated for a Quarterly Period based on information as recorded in the First Year Report.
To calculate the Base Subscription Rate, the IPA will first calculate the average subscription percentage for each of the Quarterly Periods covered in the First Year Report separately.
This daily average will be based on subscription start and end dates comprised of the day a subscription start or end request was submitted to the utility, as entered in the First Year Report.
Subsequent to the submission of the First Year Report by Seller pursuant to Section 10(b) of the Cover Sheet, the IPA shall prepare and complete the First Year Confirmation Report substantially in the form of Exhibit A-3 to this REC Contract and provide such First Year Confirmation Report to Buyer and Seller.
For each Designated System which received additional points during the project selection process for commitments related to the use of one or more MWBE subcontractors, 14 For example, an adjustment based on a Community Solar First Year Report submitted by Seller on September 10, 2020 shall be reflected in the Quarterly Netting Statement issued to Seller on December 1, 2020 and eligible to be included in Seller’s invoice due December 10, 2020.