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.
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.
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 Net Energy Billing Credits hereunder. In such an event, Sellers shall not be liable to Buyer for any damages.
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 Agreement. In such an event, Seller shall not be liable to Buyer for any damages, except as to those related to the Performance Guaranty.
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