Renewable Product definition
Examples of Renewable Product in a sentence
You may terminate this agreement at no cost for enrollments under Options 1, 2, or Option 3 Renewable Product, and you may switch from one product option to another at no cost.
The applicable price for our Renewable Product, if you selected and are enrolled in this product, includes the cost of voluntary renewable energy credits (“RECs”) representing the environmental attributes from electricity generated by nationally-sited renewable energy resources (e.g. wind or solar) in an amount equal to 100% of your account(s)’ usage during the Term.
The applicable price for our Renewable Product, if you select and enroll in this product, includes the cost of voluntary renewable energy credits (“RECs”) representing the environmental attributes from electricity generated by nationally-sited renewable energy resources (e.g. wind or solar) in an amount equal to 100% of your account(s)’ usage during the Term.
We are sending you these Terms of Service because you have enrolled in a Term Product and/or a Renewable Product.
To the extent permitted by GAAP, the Company shall reflect the buy/sell transactions contemplated hereby as buy/sell transactions on its books and records and will not list as assets in its books and records any Permitted Feedstock or Renewable Product agreed hereunder to be owned by Macquarie.
Each invoice will contain a breakdown of the applicable Renewable Product Groups.
If Macquarie accepts any request for an Excess Inventory Level, then for all purposes of this Agreement and in lieu of the relevant level set forth on Schedule D, such Excess Inventory Level shall constitute the maximum inventory level for the relevant Renewable Product Group for the period specified in such request; provided that, after such period, the applicable level set forth on Schedule D shall be in effect for purposes of this Agreement.
If any change occurs in the quantity, grade or delivery terms of the Refinery Procured Renewable Product Barrels that the Company expects to procure for delivery during such month, the Company shall promptly advise Macquarie of such change.
No later than 5:00 p.m., CT on Thursday of each week, the Company shall provide Macquarie with a written summary in the form of Schedule S of the Company’s projected Renewable Product purchases from Macquarie at the Included Renewable Product Tanks for the next immediately succeeding Projection Week (each, a “Weekly Renewable Product Projection”).
With respect to each month, the aggregate monthly value of the Renewable Product Sales Fees (the “Aggregate Monthly Renewable Product Sales Fee”) shall be due and payable from the Company to Macquarie as a component of the Monthly True-Up Amount.