GHG Charges definition
Examples of GHG Charges in a sentence
The Piggyback Holders may withdraw all or any part of the Registrable Securities from a Piggyback Registration at any time (before but not after the effective date of such registration statement), by delivering written notice of such withdrawal request to the Company, unless such Piggyback Registration is underwritten, in which case Registrable Securities may not be withdrawn after the effective date of the Registration Statement.
Nothing stated in this Section 8.02 relieves Buyer of its obligation to pay Seller for Seller’s GHG Compliance Costs and GHG Charges in accordance with and subject to SRAC and this Agreement.
Buyer shall pay for Seller’s GHG Compliance Costs and GHG Charges as set forth in SRAC; provided, however, that notwithstanding anything to the contrary set forth in this Agreement or SRAC, in no event will Buyer pay for any of Seller’s GHG Compliance Costs or GHG Charges to the extent that such GHG Compliance Costs or GHG Charges are associated with deliveries of the Power Product that are in excess of 120% of the Expected Term Year Net Energy Production in any Term Year.
Seller shall indemnify, defend and hold Buyer harmless from and against all liabilities, damages, claims, losses, costs and/or expenses (including, without limitation, attorneys’ fees) incurred by or brought against Buyer in connection with such Environmental Costs, GHG Charges, AB 32 Compliance Obligation, and other such costs.
Buyer shall pay for Seller’s GHG Compliance Costs and GHG Charges in accordance with Exhibit S; provided, however, that notwithstanding anything to the contrary set forth in this Agreement (including Exhibit S), in no event will Buyer pay for any of Seller’s GHG Compliance Costs or GHG Charges to the extent that such GHG Compliance Costs or GHG Charges are associated with deliveries of the Power Product that are in excess of 120% of the Expected Term Year Net Energy Production in any Term Year.
Other than Buyer’s payment to Seller for GHG Compliance Costs and GHG Charges as set forth in payment formulas above, Seller is solely responsible for all GHG Compliance Costs and all other costs associated with implementation and regulation of GHG emissions with respect to Seller or the Generating Facility.
Seller shall indemnify, defend and hold SCE harmless from and against all liabilities, damages, claims, losses, costs and/or expenses (including, without limitation, attorneys’ fees) incurred by or brought against SCE in connection with such Environmental Costs, GHG Charges, AB 32 Compliance Obligation, and other such costs.
Seller is solely responsible for all Environmental Costs, all GHG Charges, Seller’s AB 32 Compliance Obligation, and all other costs associated with the implementation and regulation of Greenhouse Gas emissions (whether in accordance with AB 32 or any other federal, state or local legislation to offset or reduce any Greenhouse Gas emissions implemented and regulated by an authorized Governmental Authority) with respect to the Project and/or Seller.
Buyer’s payment to Seller, in accordance with Section 9.16, in the net dollar amount owed to Seller for the month (less any overpayments by Buyer of Seller’s GHG Compliance Costs or GHG Charges under Section 4.04 in any calendar month); provided, however, in the event the statement shows a net amount owed to Buyer, Seller shall pay such amount within 20 days of the statement date or, if Seller fails to make such payment, Buyer may offset this amount from a subsequent Monthly Contract Payment.
In the event that Applicable Laws are developed in an effort to offset or reduce Greenhouse Gas emissions, other than AB 32, by any other federal, state, or local authorized Governmental Authority, subject to this Section 15.02, SCE shall compensate Seller for the GHG Charges resulting from such Applicable Laws incurred during any Put Delivery Period.