Forecast REC Quantity definition

Forecast REC Quantity means a quantity of RECs indicated in Part 2 of Exhibit B to the Cover Sheet, and is applicable when a Seller receive an award on the basis of RECs from System(s) that cannot be identified and described using Part 1 of Exhibit B as of the Effective Date.
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Forecast REC Quantity means a quantity of RECs as indicated in the Confirmation that is applicable when Seller has received an award on the basis of RECs from DG Renewable Energy Facilities that have not been identified during the DG RFP, but may be subsequently provided to the IPA via written notification, on or prior to July 13, 2018.
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Forecast REC Quantity is added to the Agreement as Section 1.23.4:
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Examples of Forecast REC Quantity in a sentence

  • This Paragraph is only applicable to Systems that are or will be below 25 kW and to a Seller that receives an award for a Forecast REC Quantity, and specifies in the System Identification Form (Exhibit B) a non-zero Remaining Forecast REC Quantity.

  • Notwithstanding any other provisions of this Agreement, in no event shall Seller be liable to Buyer in an amount that exceeds $8 per REC multiplied by the Maximum Contract Quantity, or in an amount that exceeds $16 per REC multiplied by the Maximum Contract Quantity if this Agreement is based on a Forecast REC Quantity.

  • This Paragraph is only applicable to Systems that are or will be below 25 kW and to a Seller that receives an award for a Forecast REC Quantity, and specifies in the System Identification Form (Exhibit B) a non-zero Remaining Forecast Quantity.

  • If this Agreement is associated with a System that is identified and described in the System Identification Form and not based on a Forecast REC Quantity, the successors and assignees pursuant to any assignment of this Agreement must ensure that the System shall not change, as described in the System Identification Form, except as set forth in Article 3 or with the prior written consent of Buyer.

  • If this Agreement is associated with a System that is identified and described in the System Identification Form and not based on a Forecast REC Quantity, the successors and assignees pursuant to any assignment of this Agreement must ensure that the System shall not change, as described in the System Identification Form, except as set forth in Article 3 and with the prior written consent of Buyer.