Guaranteed Energized Date definition

Guaranteed Energized Date means the date entered as such in System Identification Form or any extension approved by the Buyer at its sole discretion. This is the latest date the System must be Energized and is generally 12 months from the Bid Date or 12 months from the Effective Date of this Agreement if this Agreement is for a newly identified System pursuant to an award based on a Forecast REC Quantity.
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Guaranteed Energized Date means the date entered as such in System Identification Form or any extension approved by the Buyer at its sole discretion. This is the latest date the System must be Energized and is generally 12 months [too short] from the Bid Date or 12 months from the Effective Date of this Agreement if this Agreement is for a newly identified System pursuant to an award based on a Forecast REC Quantity. [12 months is short notice considering that it can take months to receive an interconnection study and service agreement. This effort is started after a contract is awarded and the service agreement and cost is a prerequisite to project financing. I suggest the cut off date should be by Dec 31st 2016. This is the termination date of the 30 federal investment tax credit for renewables. Beginning in 2017 the ITC reduces to 10%. At this point the cost of solar is expected to rise by 20%.
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Examples of Guaranteed Energized Date in a sentence

  • Should a System not be completely Installed, Energized and registered with PJM-EIS GATS or M-RETS by the Guaranteed Energized Date or any extension approved by the Buyer at its sole discretion, the Performance Assurance associated with the System under this Agreement will be forfeited.

  • The System must be completely Installed, Energized and registered with PJM-EIS GATS or M-RETS by the Guaranteed Energized Date as set forth in the System Identification Form or any extension approved by the Buyer at its sole discretion.

  • Seller may request a six-month extension of the Guaranteed Energized Date upon demonstration of project delays that do not otherwise jeopardize the successful completion of the System; any such extension will be granted at Buyer’s sole discretion.

  • With respect to a Seller default because the Energized Date has not occurred as of the Guaranteed Energized Date, this Agreement shall terminate immediately, unless, prior to the Guaranteed Energized Date, Seller provides notice to Buyer of the potential Seller default, requests suspension of the termination of the Agreement, and such request has been approved by Buyer.

  • In no event shall a claim of Force Majeure or a Force Majeure Event operate to automatically extend the Guaranteed Energized Date set forth in the System Identification Form.

  • For the QS, the relative ease of taking off the combining tools such as Innovaya and Autodesk QTO from the data extracted from the tools that were used by the designers of the structure.Moreover, Kaber (2010) has identified the main advantages as improved visualization, improved productivity due to accessibility of data, and increased coordination of documents.

  • The System must be completely Installed, Energized and registered with PJM-EIS GATS or M-RETS by the Guaranteed Energized Date as set forth in the System Identification Form or any extension approved by the Buyer at its sole discretion, which shall be exercised reasonably.

  • Seller may request a six-month extension of the Guaranteed Energized Date upon demonstration of project delays that do not otherwise jeopardize the successful completion of the System; any such extension will be granted at Buyer’s sole discretion, which shall be exercised reasonably.

  • The Performance Assurance associated with the System under this Agreement will be forfeited should a System not be completely Installed, Energized and registered with PJM-EIS GATS or M-RETS by the Guaranteed Energized Date or any extension approved by the Buyer at its sole discretion, which shall be exercised reasonably.

  • Seller’s failure to satisfy Section4.1.1 through Section 4.1.5 by the twentieth (20th) Business Day after the Guaranteed Energized Date or Seller’s failure to satisfy Section 4.1.6 by the Date of Initial REC Delivery shall entitle Buyer to retain the Performance Assurance associated with the System and to terminate this Agreement.

Related to Guaranteed Energized Date

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Guaranteed Obligations has the meaning set forth in Section 11.01.

  • Mental health facility means a mental health facility as defined by the Inpatient Mental Health Treatment of Children Act;

  • Shift Cycle means the period of time when the shift schedule repeats itself. In those instances where the schedule does not repeat itself, the term "Shift Cycle" shall be understood to mean a period of time not exceeding twelve (12) weeks.