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

  • Unit Contingent (only check if applicable) Generation Contingent (only check if applicable) The parties agree to the Transaction set forth herein.

  • 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.
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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
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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.

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Skilled Nursing Facility means an institution or part thereof that is licensed as a Skilled Nursing Facility by the State of Florida, and is accredited as a Skilled Nursing Facility by The Joint Commission or recognized as a Skilled Nursing Facility by the Secretary of Health and Human Services of the United States under Medicare.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Eligible Expenditure means expenditure in relation to the Funded Activities that complies in all respects with the eligibility rules set out in Annex D of this Grant Agreement;

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.