Quantity Obligation definition

Quantity Obligation means, for any period during the Contract Delivery Term, the number of MWh calculated as the Bid Quantity Percentage multiplied by the Actual Eligible Production; subject, however, to adjustments pursuant to Article V (Adjustments).
Sample 1Sample 2Sample 3
Quantity Obligation means, for any period during the Contract Delivery Term, the number of Tier-1 RECs equal to the product of (a) the Bid Quantity Percentage multiplied by (b) the Actual Eligible Production; subject, however, to adjustments pursuant to Article V (Adjustments); and provided that the Quantity Obligation in any Contract Year shall not exceed the Annual REC Cap for such Contract Year. In the event of a discrepancy in measurement between the amount of Tier- 1 RECs generated by the Bid Facility for any period and the Actual Eligible Production (in MWh) for that period (for example, due to rounding or meter adjustments), the Quantity Obligation shall be calculated based upon the amount of Tier-1 RECs generated by the Bid Facility for that period rather than the Actual Eligible Production for such period.
Sample 1Sample 2Sample 3
Quantity Obligation means, for any period during the Contract Delivery Term, the number of Tier-1 RECs equal to the product of (a) the Bid Quantity Percentage multiplied by (b) the Actual Eligible Production; subject, however, to adjustments pursuant to Article V (Adjustments); and provided that the Quantity Obligation in any Contract Year shall not exceed the Annual REC Cap for such Contract Year; and provided, further, that in the event of a discrepancy in measurement between the amount of Tier-1 RECs generated by the Bid Facility for any period and the Actual Eligible Production (in MWh) for that period (for example, due to rounding or meter adjustments), the Quantity Obligation shall be calculated based upon the amount of Tier-1 RECs generated by the Bid Facility for that period rather than the Actual Eligible Production for such period.
Sample 1Sample 2Sample 3

Examples of Quantity Obligation in a sentence

  • On the terms and subject to the conditions and provisions of this Agreement, Seller agrees to sell, assign, convey, deliver and Transfer to NYSERDA, and NYSERDA agrees to purchase from Seller, all right, title and interest in the Tier-1 RECs associated with the Quantity Obligation generated by the Bid Facility and delivered to the Delivery Point during each month of the Contract Delivery Term.


More Definitions of Quantity Obligation

Quantity Obligation means, for any period during the Contract Delivery Term, the number of MWh calculated as the Bid Quantity Percentage multiplied by the Actual Eligible Production, or the Bid Quantity multiplied by one hundred and twenty percent, whichever is lower; subject, however, to adjustments pursuant to Article V, Adjustments. RES Standard Agreement: This standard contractual document issued as a part of RESRFP18-1 to be entered into by NYSERDA and selected Sellers, which shall define, among other things, their rights and obligations concerning the Transfer of Tier-1 Renewable Energy Certificates to NYSERDA, and the payments by NYSERDA during the term of the agreement. The RES Standard Agreement includes this document and Exhibit A (Standard Terms and Conditions for all NYSERDA Agreements); B (Letter of Credit Form); C (Prompt Payment Policy Statement) [and
Sample 1Sample 2
Quantity Obligation means, for any period during the Contract Delivery Term, the number of MWh calculated as the Bid Quantity Percentage multiplied by the Actual Eligible Production; subject, however, to adjustments pursuant to Article V (Adjustments). RPS-eligible Attributes: Shall mean all environmental characteristics, claims, credits, benefits, emissions reductions, offsets, allowances, allocations, howsoever characterized, denominated, measured or entitled, attributable to the generation of Actual Eligible Production by a Bid Facility. One RPS-eligible Attribute shall be created upon the generation by a Bid Facility of one MWh of Actual Eligible Production. RPS-eligible Attributes include but are not limited to: (i) any direct emissions of pollutants to the air. soil or water; (ii) any avoided emissions of pollutants to the air, soil or water including but not limited to sulfur oxides (SOx), nitrogen oxides (NO), carbon monoxide (CO), particulate matter and other pollutants; (iii) any avoided emissions of carbon dioxide (CO2), methane (CH4) and other greenhouse gases (GHGs) that have been or may be determined by the United Nations Intergovernmental Panel on Climate Change to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere; (iv) all set-aside allowances and/or allocations from emissions trading programs, including but not limited to allocations available under 6 NYCRR §§ 204, 237 and 238; and
Sample 1
Quantity Obligation means, for any period during the Contract Delivery Term, the number of MWh calculated as the Bid Quantity Percentage multiplied by the Actual Eligible Production; subject, however, to adjustments pursuant to Article V, Adjustments. RES Standard Agreement: The standard contractual document issued as a part of RESRFP17-1 to be entered into by NYSERDA and selected Sellers, which shall define, among other things, their rights and obligations concerning the Transfer of Tier-1 Renewable Energy Certificates to NYSERDA, and the payments by NYSERDA during the term of the agreement. The RES Standard Agreement includes this document and Exhibit A (Standard Terms and Conditions for all NYSERDA Agreements); B (Letter of Credit Form); C (Prompt Payment Policy Statement) and
Sample 1

Related to Quantity Obligation

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • Structured Finance Obligation means any obligation issued by a special purpose vehicle and secured directly by, referenced to, or representing ownership of, a pool of receivables or other financial assets of any obligor, including collateralized debt obligations and mortgaged-backed securities. For the avoidance of doubt, if an obligation satisfies the definition of “Structured Finance Obligation”, such obligation shall not (a) qualify as any other category of Portfolio Investment and (b) be included in the Borrowing Base.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.