REC Supplier Security definition

REC Supplier Security has the meaning set forth in Section 5.1.
Sample 1Sample 2Sample 3
REC Supplier Security means the acceptable credit support to be provided by REC Supplier pursuant to Article 5. Renewable Energy Credit or REC means all rights, title and interest in and to the Environmental Attributes associated with the electricity generated from a Renewable Energy Resource facility. RECs delivered under this Agreement must originate from a Renewable Energy Resource generating facility certified by the PUCO and be registered with GATS. One REC represents the Environmental Attributes made available by the generation of one megawatt- hour “MWh” (equivalent to 1000 kilowatt-hours) of electricity from one or more Renewable Energy Resources, except for biomass, in which case the RECs shall be calculated according to the rules and regulations developed and in effect by the PUCO. For purposes of this Agreement, RECs shall include “Solar Renewable Energy Credits” or “SRECs” unless otherwise specified. RECs that were produced by a certified, eligible Renewable Energy Resource after January 1, 2014 and extending through December 31, 2016 and are approved by the PUCO are acceptable for Delivery to Buyer provided such RECs comply with the requirements of this Agreement.
Sample 1
REC Supplier Security means the acceptable credit support to be provided by REC Supplier pursuant to Article 5. Renewable Energy Credit or REC means all rights, title and interest in and to the Environmental Attributes associated with the electricity generated from a Renewable Energy Resource facility (inclusive of solar and non-solar resources). RECs delivered under this Agreement must originate from a Renewable Energy Resource generating facility certified by the PUCO and be registered with GATS. One REC represents the Environmental Attributes made available by the generation of one megawatt-hour “MWh” (equivalent to 1000 kilowatt-hours) of electricity from one or more Renewable Energy Resources, except for biomass, in which case the RECs shall be calculated according to the rules and regulations developed and in effect by the PUCO. For purposes of this Agreement, RECs shall include “Solar Renewable Energy Credits” or “SRECs” unless otherwise specified. RECs that were produced by a certified, eligible Renewable Energy Resource after January 1, 2019 and extending through December 31, 2021 and are approved by the PUCO are acceptable for Delivery to Buyer provided such RECs comply with the requirements of this Agreement.
Sample 1

Examples of REC Supplier Security in a sentence

  • REC Supplier shall have the obligation, in such case, to meet Buyer’s performance assurances or alternatively post and maintain REC Supplier Security in an amount of 5% of the total notional dollar value of this Agreement.

  • REC Supplier shall have the right to replace such REC Supplier Security with a different REC Supplier Security in the required amount subject to the REC Supplier providing prior notification to Buyer describing such replacement and confirming that the replacement conforms to the requirements of this Agreement.

Related to REC Supplier Security

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Contract Security means any security given by the Contractor to the NCC in accordance with the Contract;

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having an actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • System Security means the secure state of the Grid achieved when the System Operator acts in accordance with its principal performance obligations in relation to common quality and dispatch that are set out in Part 7 of the Code;

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • Permitted Security means any Security:

  • Other Security means any security acceptable to the commissioner other than security meeting the definition of Primary Security.

  • Covered Security means a security as defined in Section 2(a)(36) of the Act, which includes: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

  • Worthless security means a security whose cost of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this chapter.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Listed Security means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer quotation system by the National Association of Securities Dealers, Inc.

  • Subordinated Security or “Subordinated Securities” means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Company Security means any class or series of equity or voting interest in the Company (but excluding any options, rights, warrants and appreciation rights relating to an equity or voting interest in the Company), including Common Shares and the Voting Share.

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • Coupon Security means any Bearer Security authenticated and delivered with one or more Coupons appertaining thereto.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Adult foster care facility means an adult foster care facility licensed under the adult foster care facility licensing act, 1979 PA 218, MCL 400.701 to 400.737.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Additional Security has the meaning given in clause 10.6;

  • Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Security means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.