Generation Contingent definition

Generation Contingent means Seller’s failure to Deliver is excused if the Renewable Energy Facility for any reason does not generate sufficient measured energy in the Vintage or other time period indicated to satisfy all obligations of RECs delivery assigned by Seller to the Renewable Energy Facility. In such event, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article 5.
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Generation Contingent means that Seller’s failure to deliver is excused if the Distributed Generation Resources for any reason do not generate sufficient energy necessary to deliver Net Energy Billing Credits hereunder. In such an event, Seller shall not be liable to Buyer for any damages.
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Generation Contingent means that each Seller’s failure to deliver is excused if the Distributed Generation Resources for any reason do not generate sufficient energy necessary to deliver Bill Credits hereunder. In such an event, Sellers shall not be liable to Buyer for any damages.
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Examples of Generation Contingent in a sentence

  • Buyers of a Generation Contingent Product may consider asking the seller about those other sale commitments.

  • A seller in such case may wish to indicate the Product is Generation Contingent, and that each buyer receives half of the RECs as generated.


More Definitions of Generation Contingent

Generation Contingent means that Seller’s failure to deliver is excused if the Distributed Generation Resource for any reason does not generate sufficient energy necessary to deliver Net Energy Billing Credits hereunder, provided that such exemption shall not be construed to prevent Buyer from exercising Buyer’s rights of early termination as set forth in Section 2.2 of this
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Generation Contingent means that Seller’s failure to deliver is excused if the Distributed Generation Resource for any reason does not generate sufficient energy necessary to deliver Net Energy Billing Credits hereunder, provided that such exemption shall not be construed to prevent Buyer from exercising Buyer’s rights of early termination as set forth in Section 2.2 of this Agreement. In such an event, Seller shall not be liable to Buyer for any damages, except as to those related to the Performance Guaranty.
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Related to Generation Contingent

  • Unit Contingent means that Seller is excused from any failure to Deliver Product quantity on account of failure of a specified Renewable Energy Facility to generate the amount of RECs necessary in the Vintage or other time period indicated. In such event, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article 5.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Contingent Annuitant is the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date.

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • Environmental Management Plan or “EMP” means the environmental management plan for the Project, including any update thereto, incorporated in the IEE;