Regulatorily Continuing definition

Regulatorily Continuing means, with respect to a Transaction, that if a Product is represented by a Party as complying with the requirements of an Applicable Program and Regulatorily Continuing, such compliance will be as of both the Delivery Date and the Trade Date, and Seller will do what is necessary to cause the Product that is delivered to comply with such requirements, including delivering substitute Product acceptable to Buyer if appropriate.
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Regulatorily Continuing means, with respect to a Transaction, the Product shall comply with the requirements of the Applicable Program, as of each Delivery Date, and Seller will do what is necessary to cause the Product that is Delivered to comply with such requirements; except as otherwise provided in Section 11.1.
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Regulatorily Continuing means, with respect to the Transaction, the Product shall comply with the requirements of the Applicable Program, as of each Delivery Date, and Seller will do what is necessary to cause the Product that is Delivered to comply with such requirements; except as otherwise provided in Section11.1.
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Examples of Regulatorily Continuing in a sentence

  • Government Action that changes in any respect the value of a Product (without rendering the Product out of compliance with the Applicable Program if Regulatorily Continuing), will have no effect on the obligation of the Parties to purchase and sell such Product at the price and on the terms set forth hereunder.

  • Without limiting the generality of the foregoing, except with respect to the Product stated to be Regulatorily Continuing, and in that case only to the extent set forth herein, neither Party makes any representation or warranty hereunder with respect to any future action or failure to act or approval or failure to approve by any Governmental Authority.


More Definitions of Regulatorily Continuing

Regulatorily Continuing means the transaction complies with AB32, as amended from time to time, as of the Effective Date and the Delivery Date.
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Regulatorily Continuing means that if a REC is represented by Party A as complying with the requirements of an Applicable Program and Regulatorily Continuing, such compliance will be as of both the date of execution of this PPA and the date of TransferDelivery, and Party A will do what is necessary to cause the REC that is deliveredDelivered to comply with such requirements.
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Regulatorily Continuing means, with respect to a Transaction, the Product shall 9 For purposes of Section 2.6(g), the REC Purchase Payment Amount shall equal (a) x (b) + (c) x (d) + (e) x (f) + (g) x (h) + (i) x (j) where (a) equals the multiplicative product of (i) Contract Nameplate Capacity (in MW) at Energization, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12 (or 4/12 as applicable), which result shall be rounded down to the nearest whole REC; where (b) equals the Contract Price at Energization; where (c) equals the multiplicative product of (i) Contract Nameplate Capacity (in MW) calculated based on information in the first Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12, which result shall be rounded down to the nearest whole REC; and where (d) equals the Contract Price calculated using information in the first Community Solar Quarterly Report; where (e) equals the multiplicative product of (i) Contract Nameplate Capacity (in MW) calculated based on information in the second Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12, which result shall be rounded down to the nearest whole REC; where (f) equals the Contract Price calculated using information in the second Community Solar Quarterly Report; where (g) equals the multiplicative product of (i) Contract Nameplate Capacity (in MW) calculated based on information in the third Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 3/12, which result shall be rounded down to the nearest whole REC; where (h) equals the Contract Price calculated using information in the third Community Solar Quarterly Report; where (i) equals the multiplicative product of (i) Contract Nameplate Capacity (in MW) calculated based on information in the fourth Community Solar Quarterly Report, (ii) Contract Capacity Factor, (iii) 8,760 hours, (iv) 14 years (or 167/12 as applicable), which result shall be rounded down to the nearest whole REC; and where (j) equals the Contract Price calculated using information in the fourth Community Solar Quarterly Report. Notwithstanding the calculation set forth in the preceding sentence, if there is no change with respect to the values for Contract Nameplate Capacity, Contract Capacity Factor and Contract Price observed for a given period and the values observed for the immediately subsequent period, then there shall be no update to the REC Purchase Payment Amount. For avoidan...
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Regulatorily Continuing means, with respect to the Transaction, the
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Related to Regulatorily Continuing

  • Permitted Reorganization means re-organizations and other activities related to tax planning and re-organization, so long as, after giving effect thereto, the security interest of the Lenders in the Collateral, taken as a whole, is not materially impaired.

  • Public Debt Rating means, as of any date, the rating that has been most recently announced by any of S&P or Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by TMCC or, if any such rating agency shall have issued more than one such rating, the lowest such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Maximum Rate and the Applicable Percentage shall be determined by reference to the available rating; (b) if neither of S&P or Moody’s shall have in effect a Public Debt Rating, the Applicable Maximum Rate and the Applicable Percentage will be set in accordance with Level 4 under the definitions of “Applicable Maximum Rate” and “Applicable Percentage”; (c) if both S&P and Moody’s have established ratings and those ratings shall fall within two different levels, the Applicable Maximum Rate and the Applicable Percentage shall be based upon the higher rating, unless the lower rating is more than one level below the higher rating, in which case the Applicable Maximum Rate and the Applicable Percentage shall be based upon the rating that is one level lower than the higher rating; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (e) if S&P or Moody’s shall change the basis or system on which ratings are established, each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be.

  • Non-Recourse Subsidiary means any Subsidiary of the Company (1) whose principal purpose is to incur Non-Recourse Indebtedness and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a partnership, limited partnership, limited liability partnership, corporation (including a business trust), limited liability company, unlimited liability company, joint stock company, trust, unincorporated association or joint venture created for such purpose (collectively, a “Business Entity”), (2) who is not an obligor or otherwise bound with respect to any Indebtedness other than Non-Recourse Indebtedness, (3) substantially all the assets of which Subsidiary or Business Entity are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by Non-Recourse Indebtedness, or (y) Capital Stock in, or Indebtedness or other obligations of, one or more other Non-Recourse Subsidiaries or Business Entities, and (4) any Subsidiary of a Non-Recourse Subsidiary; provided that such Subsidiary shall be considered to be a Non-Recourse Subsidiary only to the extent that and for so long as each of the above requirements are met.

  • Guarantor Subsidiary means each Guarantor other than Holdings.