Examples of Initial REC Delivery Deadline in a sentence
For the avoidance of doubt, Xxxxx and Seller agree that the IPA has authority to make such a determination on good cause and to issue notices extending the prevailing Initial REC Delivery Deadline, as appropriate.
Provided that (i) an extension request is made in writing by Seller to Buyer and the IPA prior to the Initial REC Delivery Deadline and (ii) the Commercial Operation Date has occurred, then the Initial REC Delivery Deadline may be extended on a case by case basis upon a demonstration of good cause by Seller to the satisfaction of the IPA at its reasonable discretion, if the approval of such extension is communicated in writing by the IPA to Buyer and Seller.
This deadline may be extended one or more times as follows: Provided that (A) an extension request is made in writing by Seller to Buyer and the IPA prior to May 31, 2027 and (B) Seller has posted Performance Assurance to satisfy the Increased Collateral Requirement by May 31, 2027, the Initial REC Delivery Deadline shall be deemed automatically extended to May 31, 2029 for the Delivery of at least one (1) REC from the Project.
In the event that extensions to the Initial REC Delivery Deadline have been granted multiple times and the Delivery of one (1) REC has not occurred by May 31, 2034, then Buyer shall return Seller’s Performance Assurance and terminate this Agreement with written notice to Seller.
In the event that extensions to the Initial REC Delivery Deadline have been granted multiple times and the Delivery of one (1) REC has not occurred by the date that is seven hundred thirty (730) days from the Commercial Operation Date, then Buyer shall return Seller’s Performance Assurance and terminate this Agreement with written notice to Seller.
In the event that extensions to the Initial REC Delivery Deadline have been granted multiple times and the Delivery of one (1) REC has not occurred by May 31, 2030, then Seller may request for the Agreement to be terminated and its Performance Assurance to be returned.
Provided that the Initial REC Delivery Deadline has been extended to May 31, 2030 pursuant to Section 3.4(a)(i) above, Seller may request for the Initial REC Delivery Deadline to be further extended provided that the extension request is made in writing by Seller to Buyer and the IPA prior to May 31, 2030.
Seller must Deliver at least one (1) REC by the Initial REC Delivery Deadline.
Initial REC Delivery Deadline Extensions Seller must Deliver at least one (1) REC by May 31, 2028 (the “Initial REC Delivery Deadline”).
This deadline may be extended one or more times as follows: Provided that (A) an extension request is made in writing by Seller to Buyer and the IPA prior to May 31, 2028 and (B) Seller has posted Performance Assurance to satisfy the Increased Collateral Requirement by May 31, 2028, the Initial REC Delivery Deadline shall be deemed automatically extended to May 31, 2030 for the Delivery of at least one (1) REC from the Project.