Forward Certificate Transfer definition

Forward Certificate Transfer. An automated monthly transfer of ORECs to NYSERDA as described in Section 10.3 of the NYGATS Operating Rules.

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Forward Certificate Transfer means the NEPOOL GIS process by which the transfer of RECs as of their applicable Creation Date is scheduled by the Account Holders in advance of said Creation Date ("Forward Certificates") per the NEPOOL GIS Operating Rules, as amended from time to time.

Forward Certificate Transfer means the NEPOOL GIS process by which the transfer of RECs as of their applicable Creation Date is scheduled by the Account Holders in advance of said Creation Date (“Forward Certificates”) per the NEPOOL GIS Operating Rules, as amended from time to time.

Examples of Forward Certificate Transfer in a sentence

• Seller shall not discontinue its election to utilize a NYGATS Forward Certificate Transfer without prior written permission from NYSERDA.

• Seller shall Transfer ORECs up to the Annual OREC Cap to the NYSERDA NYGATS Account on a monthly basis via a Forward Certificate Transfer.

• Seller shall transfer ORECs up to the Annual OREC Cap to the NYSERDA NYGATS Account on a monthly basis via a Forward Certificate Transfer.

• For each Trading Period for LRECs or ZRECs purchased and sold under this Agreement during the Term, Seller shall affect the transfer of the purchased amount of Connecticut Class I RECs as a Forward Certificate Transfer to Buyer (or by other means as agreed to by Buyer) in accordance with the NEPOOL GIS Operating Rules.

• Seller shall Transfer ORECs, up to the Annual OREC Cap, to the NYSERDA NYGATS Account on a monthly basis via a Forward Certificate Transfer.

• Seller shall Transfer the Tier-1 Renewable Energy Certificates to the NYSERDA NYGATS Account via a Forward Certificate Transfer on a monthly basis in a percentage equal to the Bid Quantity Percentage.

• The Account Holder initiating the transfer shall pay the Fee on each Certificate transferred to another Account Holder, whether the transfer is scheduled (Standing Order Transfer or Forward Certificate Transfer) or non-scheduled (ad hoc).

• After each Facility is registered with WREGIS, at Buyer’s option, Seller shall transfer WREGIS Certificates using the Forward Certificate Transfer method, as described in WREGIS Operating Rules, from Seller’s WREGIS account to up to ten (10) Project Participant WREGIS accounts, as designated by Buyer; provided, however, that Buyer shall have identified such accounts by written notice to Seller delivered no later than ten (10) days prior to the Commercial Operation Date for such Facility.

• Seller shall transfer Tier 4 RECs up to the limit set out in Section 2.01(c) to the NYSERDA NYGATS Account on a monthly basis via a Forward Certificate Transfer.

• After the Facility is registered with WREGIS, at Buyer’s option, Seller shall, to the extent permissible under WREGIS rules, transfer WREGIS Certificates using the Forward Certificate Transfer method, as described in WREGIS Operating Rules, from Seller’s WREGIS account to an account designated by Buyer.

More Definitions of Forward Certificate Transfer

Forward Certificate Transfer has the meaning set forth in the WREGIS Operating Rules.

Forward Certificate Transfer. An automated monthly transfer of Tier 4 RECs to NYSERDA as described in Section 9.3 of the NYGATS Operating Rules or any other monthly transfer of Tier 4 RECs to NYSERDA as may be agreed in writing by the Parties.

Forward Certificate Transfer has the meaning set forth in Section 3.1(j).