Monthly Tier 4 REC Price definition

Monthly Tier 4 REC Price. A price in dollars per Tier 4 REC for each month of the Contract Delivery Term. If the Applicable Tier 4 REC Price is the Fixed Tier 4 REC Price, the Monthly Tier 4 REC Price shall be calculated pursuant to Section 4.02 of this Agreement. If the Applicable Tier 4 REC Price is the Index Tier 4 REC Price, the Monthly Tier 4 REC Price shall be calculated pursuant to Section 4.03 of this Agreement. Both the Fixed Tier 4 REC Price and the Index Tier 4 REC Price may be reduced pursuant to Section 4.10 of this Agreement.
Sample 1
Monthly Tier 4 REC Price. A price in dollars per Tier 4 REC for each month of the Contract Delivery Term. If the Applicable Tier 4 REC Price is the Fixed Tier 4 REC Price, the Monthly Tier 4 REC Price shall be calculated pursuant to Section 4.02 of this Agreement. If the Applicable Tier 4 REC Price is the Index Tier 4 REC Price, the Monthly Tier 4 REC Price shall be calculated pursuant to Section 4.03 of this Agreement. New York Control Area (NYCA): The geographic bounds of the electricity system that is under the control of the NYISO, which is reflected in Appendices A-1 and A-2 of the Independent System Operator/ Transmission Owner Agreement and may be amended from time to time. New York Generation Attribute Tracking System (NYGATS): The tracking system, administered under the auspices of NYSERDA, 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 4 RECs. NYGATS will create exactly one Tier 4 REC per MWh of generation attributable to the Selected Project and delivered to the Delivery Point in accordance with the applicable electricity delivery requirement set forth in Article III of this Agreement.
Sample 1
Monthly Tier 4 REC Price has the meaning set forth in Section 2.2.
Sample 1

Examples of Monthly Tier 4 REC Price in a sentence

  • NYSERDA shall have no obligation to pay any invoice submitted more than six (6) months after NYSERDA notifies Seller of the Monthly Tier 4 REC Price for the Tier 4 RECs transferred in the month for which payment is requested.

  • Within fifteen (15) days after the conclusion of each month, NYSERDA shall inform Seller of the Monthly Tier 4 REC Price for that month.

  • If, for any month, the amount payable to Seller is a negative amount because the Monthly Tier 4 REC Price for that month was negative, NYSERDA shall make no payment to Seller for that month and instead shall record a debit in such amount (“Monthly Debit”).

  • Subject to Section 4.05, for each month, the Index Tier 4 REC Price shall equal the Index Tier 4 REC Strike Price minus the Reference Energy Price minus the Reference Capacity Price (multiplied by a Mitigation Factor, if applicable); provided that in no case shall the Monthly Tier 4 REC Price exceed the Index Tier 4 REC Strike Price.

  • City shall pay NYSERDA each month an amount (the “Monthly Obligation Payment”) equal to the product of (x) the Monthly Tier 4 REC Price for such month and (y) the Forecast Quantity for such month.

  • Monthly Tier 4 REC Price = T4SPIndex – REP – (RCP x MF) 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 Monthly Tier 4 REC Price shall be the Index Tier 4 REC Price for such month, as set forth in Section 4.02 of this Agreement and as may be reduced pursuant to Section 4.09 of this Agreement.

  • The Monthly Tier 4 REC Price shall be the Index Tier 4 REC Price, as set forth in Section 4.03 of this Agreement, as may be reduced pursuant to Section 4.11 of this Agreement.

  • The Fixed Tier 4 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 Tier 4 REC Carbon Price Adjustment each month and apply it to the Monthly Tier 4 REC Price.

  • The price payable by City to NYSERDA for each Tier 4 REC generated in a month and purchased hereunder (the “Monthly Tier 4 REC Price”) shall be an amount equal to the sum of (A) the lesser of (i) the weighted average of the CHPE Monthly Tier 4 REC Price and the CPNY Tier 4 REC Price, and (ii) the CHPE Monthly Tier 4 REC Price; plus (B) an Adder.

Related to Monthly Tier 4 REC Price

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • 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.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2028.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Class A-4 Final Scheduled Payment Date means the Payment Date in February 2024.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Principal Balance Schedules Not applicable.

  • Class A-3 Final Scheduled Distribution Date means the Distribution Date.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Note A-2-1 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-4 Final Scheduled Distribution Date means February 15, 2024.

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Note A-3 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-3 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of: