Monthly REC Price definition

Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the Bid Facility has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. If the Bid Facility has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement. MW: A megawatt of alternating current electric energy generating capacity. MWBE: Minority and/or Women‐Owned Businesses Enterprises, as such term is as defined under New York State Executive Law Article 15-A. MWh: A megawatt-hour of electric energy.
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Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the Bid Facility has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. If the Bid Facility has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement. [Mutual Termination Agreement: The Termination Agreement by and between Seller and NYSERDA, dated as of the Termination Agreement Date as stated in Schedule 2 of this Agreement, terminating a previous RES Agreement.] MW: A megawatt of alternating current electric energy generating capacity. MWBE: Minority and/or Women‐Owned Businesses Enterprises, as such term is as defined under New York State Executive Law Article 15-A. MWBE and SDVOB Dollars/MW Shortfall: The amount, if any, by which the Verified MWBE and SDVOB Dollars is less than the product of the Expected MWBE and SDVOB Dollars/MW and the Installed Capacity. MWh: A megawatt-hour of electric energy. New York Control Area (NYCA): The control area that is under the control of the NYISO which includes transmission facilities listed in the ISO/TO Agreement Appendices A-1 and A-2, as may be amended from time-to-time. New York Generation Attribute Tracking System (NYGATS): The tracking system that records electricity generation attribute information within New York State, and processes generation attribute information from energy imported and consumed within New York State, as a basis for creating generation attribute certificates, including Tier-1 RECs. NYGATS will create exactly one Tier-1 REC per MWh of RES eligible generation.
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Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the RFP Awardee has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. [If the RFP Awardee has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement..] MWBE and SDVOB Dollars/MW Shortfall: The amount, if any, by which the Verified MWBE and SDVOB Dollars is less than the product of the Expected MWBE and SDVOB Dollars/MW and the Installed Capacity.
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Examples of Monthly REC Price in a sentence

  • NYSERDA may (and, at the request of Seller, shall) review past invoices, including, but not limited to, the calculation of the Monthly REC Price to determine if a true-up adjustment is necessary.

  • If Seller uncovers errors related to the hourly MWh generation data for a Vintage Month provided by Seller that exceeds 5% of the aggregate generation data for the Vintage Month, Seller shall notify and submit corrected data to Buyer and the IPA within three (3) months of the original deadline for data submission for such Vintage Month for recalculation of the Monthly REC Price by the IPA.

  • Monthly REC Price = SPIndex – REP – RCP x MF where: SPIndex = Index REC Strike Price ($/MWh) REP = Reference Energy Price ($/MWh) RCP = Reference Capacity Price ($/MWh) MF = Mitigation Factor (%) (if applicable) The calculation of each month’s Reference Capacity Price will be based on a Reference UCAP Price.

  • The Fixed REC Carbon Price Adjustment shall be calculated by NYSERDA no less than annually, based on a 12-month period that NYSERDA may select in its reasonable discretion; provided, however that if NYISO publishes data that readily facilitate monthly calculation, NYSERDA shall calculate the Fixed REC Carbon Price each month and apply it to the Monthly REC Price.

  • Within fifteen (15) days after NYSERDA has received the information for the Bid Facility necessary to compute a Monthly REC Price, NYSERDA shall inform Seller of the Monthly REC Price for that month.

  • If the Bid Facility has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement.

  • In the event that the Monthly REC Price exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

  • In the event that the calculation of the Monthly REC Price results in an amount that exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

  • For a Bid Facility selected on the basis of a Fixed REC Price bid, the Monthly REC Price shall equal the Fixed REC Price as stated in Schedule 1 of this Agreement for each month in the respective Contract Year, and as may be modified pursuant to Section 4.02(b) or Section 5.02(e) of this Agreement.

  • Invoices shall not be submitted before NYSERDA provides Seller with the Monthly REC Price for a given month in accordance with Section 4.03(a) of this Agreement; invoices submitted before NYSERDA provides Seller with the Monthly REC Price for a given month shall not be considered proper invoices for purposes of NYSERDA’s Prompt Payment Policy.


More Definitions of Monthly REC Price

Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the Bid Facility has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. If the Bid Facility has been selected by NYSERDA on the basis of an Index REC
Sample 1
Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term as calculated pursuant to Section 4.01 of this Agreement. MW: a megawatt of alternating current electric energy generating capacity. MWh: a megawatt-hour of electric energy.
Sample 1

Related to Monthly REC Price

  • Issuance Price means the Sales Price less the Selling Commission.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Lowest price means the least possible amount that meets all requirements of the request of a purchasing agent.

  • Reference Pricei means the Reference Pricei of the relevant Basket Componenti as specified in

  • Valuation Price means in respect of a Valuation Date and any relevant Scheduled Trading Day, the price of the Reference Asset at the Valuation Time on such day, as determined by the Determination Agent.

  • Trigger Price for any Pricing Period shall mean the greater of (i) the Company Designated Minimum Put Share Price, plus $0.075, or (ii) the Company Designated Minimum Put Share Price divided by .91.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Monthly Recurring Charge refers to the sum that the Requesting Licensee shall pay for the service on a monthly basis computed from the beginning of the month as specified in Schedule 15;

  • Change of Control Price means the highest price per share of Common Stock offered in conjunction with any transaction resulting in a Change of Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash) or, in the case of a Change of Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of the Common Stock on any of the 30 trading days immediately preceding the date on which a Change of Control occurs.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported on the Pink Open Market. If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Transaction Price means the final, publicly announced, price per share of Common Stock paid by an acquirer in connection with a Change in Control (other than a Non-Transactional Change in Control), provided, however, that the Administrator may, in its sole discretion, discount the value of any earn-out, escrow or other deferred or contingent consideration (in each case, to zero) as it deems appropriate.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Reference Market Price shall initially mean $25.165 and, in the event of any adjustment to the Conversion Price pursuant to Sections 15.5(a), (b), (c), (d), (e), (f) or (g), the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of $25.165 to the initial Conversion Price specified in the form of Debenture attached hereto (without regard to any adjustment thereto).