Examples of QFCP Generator in a sentence
Following 90 days after the initiation of the Forced Outage Event, QFCP Generator shall be entitled to 70% of the disbursements per MWH of reduction in output to which the QFCP Generator would have been entitled but for the Forced Outage Event in the event that QFCP Generator has provided the Company with certification, pursuant to the PJM GATTS system or successor system, that it has acquired and retired Forced Outage Replacement RECs as set forth in Section K.
Notwithstanding any provision in this Service Classification, the Company’s Delaware Tariffs, Rules or orders to the contrary, the Company’s obligation with respect to a QFCP Generator is only that of an agent for the collection of funds and disbursement of such funds to the QFCP Generator and, where required, to the Company’s customers.
All disbursements shall be made by “Electronic Funds Transfer” (EFT) via “Automated Clearing House” (ACH), to a bank designated in writing by the Company or QFCP Generator to which disbursement is owed, by 11:59:59 pm EPT on the Monthly Settlement Date.
For each megawatt-hour of output which would have been generated but for a Forced Outage Event, QFCP Generator shall, at its sole expense, use commercially reasonable efforts to acquire and retire one Forced Outage Replacement REC.
With respect to a Force Majeure Event resulting from a Forced Outage Event that prevents the QFCP Generator from supplying output from the Facility, there shall be no disbursement to QFCP Generator for the first 90 days of such event and any such event shall no longer be considered to be a Force Majeure Event after the earlier of (i) the date of its remedy or (ii) 5:00 p.m. eastern standard time on July 1, 2025.
The Company shall disburse to QFCP Generator or QFCP Generator shall disburse to the Company, as the case may be, the total amount due pursuant to such Invoice no later than the final business day of the month during which such Invoice is issued (such day, the “Monthly Settlement Date”).
The QFCP Generator or the Company may, in good faith, dispute any amount charged or disbursed pursuant to an Invoice within twelve (12) months of the date of such Invoice by providing a written statement setting forth the basis of such dispute.
The Company shall make disbursements to the QFCP Generator in accordance with this Service Classification based on the Disbursement Rate, which amount shall be adjusted as set forth herein.
The Company shall not be obligated to make any other disbursements or payments to QFCP Generator.
Taxes The QFCP Generator shall pay or cause to be paid all taxes, fees and other charges imposed by any Governmental Authority with respect to the production, sale, and delivery of the Products and the performance of its obligations under this Service Classification.