Generation Benefits definition

Generation Benefits means existing or future environmental benefits or attributes, economic and other related carbon credits, carbon offsets, carbon allowances or benefits, RECs or green tags, carbon dioxide emissions credits, avoided or reduced carbon dioxide emissions, that are attributable to Energy generated by Seller and sold to Company under this PPA, whether pursuant to or arising from any Governmental Authority or international agreement or treaty.
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Generation Benefits means existing or future environmental benefits or attributes, economic and other related carbon credits, carbon offsets, carbon allowances or benefits, renewable energy credits or green tags, carbon dioxide emissions credits, avoided or reduced carbon dioxide emissions, that are attributable to Energy generated by the Seller and sold to Buyer under this PPA, whether pursuant to or arising from any Governmental Authority or international agreement or treaty, provided, however, that this definition excludes any credits, offsets or other benefits arising out of or associated with any emission or pollutant other than carbon dioxide emissions.
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Examples of Generation Benefits in a sentence

  • Any compensation Seller receives under the Generator Interconnection Agreement or otherwise for Generation Benefits or Ancillary Services associated with the Facility and its output shall be provided to Company at no additional cost to Company under this PPA.

  • Seller shall credit Company, as a reduction to Seller’s monthly invoice or other mutually agreed mechanism, for any compensation that Seller receives for Generation Benefits or Ancillary Services; provided, however, that any curtailment of Energy from the Facility requested or required by Company necessary to provide Company all Generation Benefits and Ancillary Services hereunder shall represent Compensable Curtailment Energy in accordance with Section 8.2.

  • Seller shall make available to Company all Generation Benefits and Ancillary Services associated with the Facility during the Term at no additional charge under this PPA.

  • Seller shall credit Buyer, as a reduction to Seller’s monthly invoice or other mutually- agreed upon mechanism, for any compensation that Seller receives for Generation Benefits or Ancillary Services.

  • Seller hereby sells, transfers and conveys to, Buyer all RECs, Generation Benefits and Ancillary Services associated with Test Energy, and Renewable Energy produced and delivered to Buyer from the Facility under this PPA.

  • Full compensation for this conveyance by Seller to Buyer of all RECs, Generation Benefits and Ancillary Services associated with the Facility is included in the calculation of the Renewable Energy Payment Rate and Test Energy Rate and therefore is at no additional charge under this PPA (except as otherwise provided herein).

  • Seller shall use Commercially Reasonable Efforts to maximize the availability of Generation Benefits and Ancillary Services available from the Facility, provided, however, that Seller shall not be required to make any capital expenditures or incur any increased operating expenses in connection with such efforts.

  • Any compensation Seller actually receives under the Interconnection Agreement or otherwise for Generation Benefits or Ancillary Services associated with the Facility and its output shall be provided to Buyer at no additional cost under this PPA (except as otherwise provided herein).

  • Doug Eisenshenk and Elaine Davis, Background Checks in Hiring and Compensation: The Next Generation, Benefits & Compensation Digest, (Oct.

  • Buyer shall not have the right to direct the operation or maintenance of the Facility, or to modify the design of the Facility or any component thereof, for purposes of affecting the production, quantity, quality, nature or value of the Generation Benefits, RECs or Ancillary Services in respect of the Facility.

Related to Generation Benefits

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Employment benefits means all benefits provided or made

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Termination Benefit means the benefit set forth in Article 7.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Change in Control Benefits means the following benefits:

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • SERP Benefit means the benefit described in Section 5.1.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Additional Benefits means quantifiable and verifiable enhancement of conservation of biodiversity and/or improvement of local livelihoods realized as a result of implementation of the REDD activities;

  • Health benefits plan means a benefits plan which pays or

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.