PJM EIS GATS definition
Examples of PJM EIS GATS in a sentence
Buyer, as transferee, shall accept the Standing Order request within the PJM EIS GATS or M- RETS within thirty (30) days of receipt of such Standing Order request.
Buyer, as transferee, shall accept the Standing Order request within the PJM EIS GATS or M-RETS within thirty (30) days of receipt of such Standing Order request.
The Parties will use PJM EIS GATS or M-RETS as the tracking system for the Product.
For avoidance of doubt, RECs that are issued later in the Delivery Year are to be considered first as Surplus RECs ahead of RECs issued earlier in the Delivery Year if the Delivery Year Surplus Amount exceeds the number of RECs that are of the latest vintage as recorded by PJM EIS GATS or M-RETS for such Delivery Year.
Each invoice shall include: (a) the invoice amount to be paid; (b) the quantity of RECs Delivered; (c) the Purchase Price; and (d) the PJM EIS GATS or M-RETS Unit ID, as applicable, for the Project.
The Seller shall Deliver RECs to PJM EIS GATS or M-RETS by initiating transfer to the PJM EIS GATS or M-RETS account of Buyer.
RECs produced by the System and Delivered into the Buyer's PJM- EIS GATS or M-RETS account shall be purchased by Buyer at the Purchase Price indicated in the System Identification Form.
If applicable in PJM EIS GATS and/or M-RETS, Seller represents that the RECs have been designated as “IL RPS eligible” by that registry, prior to transferring the RECs to Buyer’s PJM EIS GATS account or M-RETS account.
The Date of First Operation of the Project as recorded by PJM EIS GATS or M-RETS must occur by the day that is three (3) years after the Commission Bid Approval Date unless such occurrence after the day that is three (3) years after the Commission Bid Approval Date is due to Force Majeure.
The Parties shall abide by the applicable rules of PJM EIS GATS or M-RETS.