Examples of REC Product in a sentence
During the Term of this Service Agreement, and without further consideration other than the assignment of the GSA Product Charge specified in Section 7(a), Renewable Supplier hereby agrees to register all the REC Product generated by the Supply Resource and sell and deliver the same to and retire the same on behalf of the Customer.
Upon Delivery, title to and interest in the REC Product shall transfer from Renewable Supplier to Customer.
Customer and Renewable Supplier will each provide to the other any reasonably requested information or documentation required to effectuate Delivery of the REC Product, shall cooperate fully to effectuate Delivery of the REC Product, and shall comply with any and all applicable Tracking System procedures and any other applicable requirement relating to the recording and transfer of the REC Product.
Upon Delivery of the REC Product, the Customer shall be transferred title to all RECs associated with the REC Product, and Customer agrees to purchase and accept Delivery of the REC Product from Renewable Supplier, as set forth in this Service Agreement.
Delivery of the REC Product (“Deliver” or “Delivery”) shall be deemed to have occurred when the REC Product is transferred by the Renewable Supplier into the Customer’s Account with the Tracking System.