NYSERDA ZEC Account definition

NYSERDA ZEC Account means the account established in NYGATS into which Seller shall deliver (by designation for transfer in accordance with the NYGATS Operating Rules) ZECs under the terms and conditions of this Agreement.
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Examples of NYSERDA ZEC Account in a sentence

  • Seller shall submit invoices to NYSERDA on a quarterly basis throughout the Contract Term for ZECs created in the Seller ZEC Account by NYGATS for the preceding three (3) month period in accordance with the NYGATS Operating Rules and delivered (by designation for transfer in accordance with the NYGATS Operating Rules) to the NYSERDA ZEC Account.

  • Title and risk of loss of ZECs will transfer from Seller to NYSERDA upon completion of (a) delivery by Seller of such ZECs into the NYSERDA ZEC Account (by designation for transfer in accordance with the NYGATS Operating Rules) and (b) receipt by NYSERDA of such ZECs into the NYSERDA ZEC Account (by confirmation of the transfer in accordance with the NYGATS Operating Rules).

  • Seller shall, for the duration of the Contract Term, and subject to the terms and conditions of this Agreement, produce zero-emissions attributes, and, upon receipt of ZECs in the Seller ZEC Account, transfer such ZECs to the NYSERDA ZEC Account.

  • The amounts payable shall be calculated as the multiplicative product of (a) the applicable ZEC Price; and (b) the number of ZECs delivered by Seller up to the applicable ZEC Quantity (by designation for transfer in accordance with the NYGATS Operating Rules) to the NYSERDA ZEC Account prior to the date on invoice.

Related to NYSERDA ZEC Account

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Financial Account means an account maintained by a Financial Institution, and includes: (1) in the case of an Entity that is a Financial Institution solely because it is an Investment Entity, any equity or debt interest (other than interests that are regularly traded on an established securities market) in the Financial Institution; (2) in the case of a Financial Institution not described in subparagraph 1(q)(1) of this Article, any equity or debt interest in the Financial Institution (other than interests that are regularly traded on an established securities market), if (i) the value of the debt or equity interest is determined, directly or indirectly, primarily by reference to assets that give rise to U.S. Source Withholdable Payments, and (ii) the class of interests was established with a purpose of avoiding reporting in accordance with this Agreement; and (3) any Cash Value Insurance Contract and any Annuity Contract issued or maintained by a Financial Institution, other than a noninvestment- linked, nontransferable immediate life annuity that is issued to an individual and monetizes a pension or disability benefit provided under an account that is excluded from the definition of Financial Account in Annex II. Notwithstanding the foregoing, the term “Financial Account” does not include any account that is excluded from the definition of Financial Account in Annex II. For purposes of this Agreement, interests are “regularly traded” if there is a meaningful volume of trading with respect to the interests on an ongoing basis, and an “established securities market” means an exchange that is officially recognized and supervised by a governmental authority in which the market is located and that has a meaningful annual value of shares traded on the exchange. For purposes of this subparagraph 1(q), an interest in a Financial Institution is not “regularly traded” and shall be treated as a Financial Account if the holder of the interest (other than a Financial Institution acting as an intermediary) is registered on the books of such Financial Institution. The preceding sentence will not apply to interests first registered on the books of such Financial Institution prior to July 1, 2014, and with respect to interests first registered on the books of such Financial Institution on or after July 1, 2014, a Financial Institution is not required to apply the preceding sentence prior to January 1, 2016.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Investment Account As defined in Section 3.12(a).

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Individual account program means the defined contribution individual account program of

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Joint Account Holder means a person in whose name a Joint Account is maintained;

  • Joint Account means an Account opened in more than one name;

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.