Examples of REC Purchase Payment Amount in a sentence
For purposes of payment, the Quarterly Netting Statement will reflect a one-time full payment of one hundred percent (100%) of the REC Purchase Payment Amount associated with a Designated System, which payment calculation shall also be subject to adjustments in accordance with the terms of this Agreement, including (without limitation) Section 2.6. An example of the Quarterly Netting Statement calculations is provided in Exhibit F-4.
The forecast level of earmarked reserves over the period of the MTFS is set out in Section 4.6.1.
Such payment adjustment shall reflect the removal of any Price Adder from prior payments made to Seller and a payment due to Buyer equal to twenty percent (20%) of the REC Purchase Payment Amount calculated based on information provided in the final Community Solar Quarterly Report required to be submitted pursuant to Section Error! Reference source not found.
In this case, with respect to the portion of the Maximum Allowable Payment associated with such Designated System, the Maximum Allowable Payment will reflect (a) the initial Advance of Capital amount and (b) the remaining balance of the REC Purchase Payment Amount associated with such Designated System upon Energization if such Designated System is not a Community Renewable Energy Generation Project, is Energized and its Actual Nameplate Capacity is equal to or less than 25 kW.
The REC Purchase Payment Amount shall, with respect to a Designated System, equal the multiplicative product of the Contract Price and the Designated System Contract Maximum REC Quantity, as these amounts may be amended or adjusted in accordance with the terms of this Agreement, including (without limitation) Sections 2.6 or 4.2(f).