IPA System Confirmation Notice means a written notice from IPA to Buyer and Seller that identifies the Subsequent Systems and the amount of RECs to be Delivered from each Subsequent System, such amount not to exceed the Forecast REC Quantity specified in Table 1 as of the Effective Date. In the event that an IPA System Confirmation Notice is received by Buyer and Seller on or before February 28, 2018, the Parties agree that the Maximum Annual Quantity (for the Small Size Class) and the Maximum Contract Quantity (for the Small Size Class) in Table 1 shall be deemed automatically amended to reflect the amount of RECs specified in the IPA System Confirmation Notice and Table 1 shall be deemed automatically amended to eliminate the Forecast REC Quantity. If Seller fails to provide written notification in accordance with Section 4(b)(i), the Parties agree that the Maximum Annual Quantity (for the Small Size Class) and the Maximum Contract Quantity (for the Small Size Class) in Table 1 shall be deemed automatically amended to eliminate the Forecast REC Quantity. For avoidance of doubt, RECs from a Distributed Renewable Energy Generation Device that is not an Initial System are eligible for Delivery and for payment only after such Distributed Renewable Energy Generation Device is confirmed in the IPA System Confirmation Notice and not when Seller provide its written notification(s) to the IPA pursuant to Section 4(b)(i) above.
IPA System Confirmation Notice means a written notice from IPA to Buyer and Seller pursuant to the process in Section 2.10(b)(ii) that identifies the Subsequent Systems to be included in this Agreement and the amount of RECs to be Delivered from each Subsequent System.
IPA System Confirmation Notice is added to the Agreement as Section 1.36.3:
More Definitions of IPA System Confirmation Notice
IPA System Confirmation Notice means a written notice from IPA to Buyer and Seller pursuant to the process in Section 2.10(b)(ii) that identifies the Subsequent Systems to be included in this Agreement and the amount of RECs to be Delivered from each Subsequent System. The following definition of “Maximum Annual Quantity” is added to the Agreement as Section 1.38.1: “Maximum Annual Quantity” means a quantity of RECs as indicated in the Confirmation which represents the maximum amount of RECs of that Product that the Buyer will provide payment for in any given Delivery Year. This value may be amended downwards under certain conditions, but can never be increased. The following definition of “Maximum Contract Quantity” is added to the Agreement as Section 1.38.2: “Maximum Contract Quantity” means a quantity of RECs as indicated in the Confirmation which represents the maximum amount of RECs of that Product that the Buyer will provide payment over the term of the Agreement. This value may be amended downwards under certain conditions, but can never be increased. The following is added as Section 1.40.1: “Nameplate Capacity” means: the aggregate inverter nameplate capacity in kilowatts AC, or if the DG Renewable Energy Facility has no inverter, then the aggregate rated generator output in kilowatts AC. The definition of “Potentially Non-Defaulting Party” in Section 1.48 is amended by replacing the phrase “failure of performance by the Potentially Non-Defaulting Party” in the second line of the section with “failure of performance by the Potentially Defaulting Party”. The definition of “Renewable Energy Source” in Section 1.56 is amended to read, in its entirety, as follows: “Renewable Energy Source” means any one or more of the following energy sources: wind, solar thermal energy, photovoltaic cells and panels, biodiesel, crops and untreated and unadulterated organic waste biomass, tree waste, and hydropower that does not involve new construction or significant expansion of hydropower dams. The following definition of “Size Class” is added to the Agreement as Section 1.61.1: “Size Class” means the Nameplate Capacity (AC rating) of a DG Renewable Energy Facility, which shall be classified as “Small” if such capacity is less than 25 kW, and as “Large” if such capacity is between 25 kW and 2,000 kW. An individual DG Renewable Energy Facility may not exceed a nameplate capacity of 2,000 kW. The following definition of “Subsequent System” is added to the Agreement as Section 1.62.1: “Subsequent ...