Examples of Project NMGF in a sentence
Subscriber and CDG Host agree that (i) the sale of the Percentage Allocation shall be treated as a service contract pursuant to Internal Revenue Code Section 7701(e) and (ii) the transactions contemplated by the Parties’ execution of this Agreement shall not grant Subscriber with any right, title, interest, benefit, burden, or option such that Internal Revenue Code Section 7701(e)(3) does not apply to Subscriber’s relationship to the CDG Host and/or Project NMGF.
CDG Host does not guarantee, and Subscriber acknowledges that CDG Host does not guarantee the amount of electrical energy the Project NMGF will produce or the monetary value of the Bill Credits.
Subscriber acknowledges that CDG Host may finance the construction, development, and installation of the Project NMGF through one or more financial partners or financial institutions, or their assigns (collectively hereafter “Lender/Investor”) and that CDG Host may sell or assign the Project NMGF and/or may secure CDG Host’s obligations thereunder by, among other encumbrances, a pledge or collateral assignment of this Agreement and a first priority security interest in this Agreement and the Project NMGF.
Subscriber acknowledges and agrees that Lender/Investor approval and consent may be required for the following: (i) any modification to the operation of maintenance of the Project NMGF or (ii) any amendment to this Agreement.
Lender/Investor may have the option to sell or assign its interest in this Agreement or the Project NMGF.
Subscriber agrees that it shall be responsible for all sales, use, or other similar taxes imposed upon the purchase and sale of the Percentage Allocation by any governmental authority having jurisdictionover Subscriber, the Project NMGF, or the CDG Host if any, and where such taxes are attributable to the sale of the Percentage Allocation to the Subscriber.
In any Bill Period, CDG Host will have the right to adjust the Percentage Allocation allocated to Subscriber in order to maximize the Project NMGF allocations to Subscriber and the Project NMGF's other subscribers as permitted under the CDG Program, the Tariff, and applicable law, provided that the Percentage Allocation will not exceed the Subscriber’s historic annual kWh usage or forecasted usage if annual historic data is not available.
Subscriber hereby consents to the Authorized Designee modifying the PercentageAllocation to maximize Project NMGF allocations to Subscriber and the Project NMGF’s other subscribers, p rovided such modifications comply, in all respects, with applicable law.
Domestic POS Decline $0.50 There is no declined transaction fee on first two (2) declined transactions per month.
The New York State Public Service Commission permits Subscribers to receive Bill Credits on their Electric Utility bill in consideration for purchasing the Percentage Allocation of the Project NMGF.