Resulting payment definition
Resulting payment. Seller pays the sum of (i) the Collateral Requirement with respect to such Designated System and (ii) one hundred percent (100%) of the total payments Seller has received from Buyer associated with RECs from such Designated System.
Resulting payment. Seller pays to Buyer the Collateral Requirement associated with the Designated System.
Resulting payment. Seller pays
Examples of Resulting payment in a sentence
If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6 Resulting payment: Seller pays the sum of (i) the Collateral Requirement with respect to such Designated System and (ii) one hundred percent (100%) of the total payments Seller has received from Buyer associated with RECs from such Designated System, including any Advance of Capital.
Resulting payment shall be made without delay in a freely convertible currency.
If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6 Resulting payment: Seller owes $0 to Buyer.
Resulting payment shall be freely transferable in a freely convertible currency.
Resulting payment shall be freely transferable in a freely convertible currency without delay.
More Definitions of Resulting payment
Resulting payment. Seller pays the Collateral Requirement with respect to such Designated System. If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6.
Resulting payment. Seller pays (i) the Collateral Requirement calculated at the time of the issuance of the Community Solar First Year Report and (ii) if payments have been made to Seller with respect to the Designated System, Seller shall make a payment adjustment to Buyer based on the Contract Price recorded at Energization and on the difference between the number of RECs used to calculate payment and the number of RECs Delivered from such Designated System. Buyer may draw on Seller’s Performance Assurance for purposes of the aforementioned payment adjustment.
Resulting payment. Seller forfeits the portion of previously posted Performance Assurance equal to the Collateral Requirement associated with the Designated System. This forfeited amount may be re-credited to Seller as Performance Assurance (and refunded to Seller to the extent in excess of required Performance Assurance Requirement) if a new ABP application of the Designated System is approved by the ICC for inclusion in this Agreement or an agreement between Buyer and Seller under the ABP within three hundred sixty-five (365) days of the date of the written notice from the IPA requesting the removal, and the IPA so notifies Buyer. If the previously forfeited amount is not entirely required to meet the Collateral Requirement of such newly approved Designated System as required by the previous sentence, the excess amount will be refunded to Seller.
Resulting payment. Seller forfeits the portion of previously posted Performance Assurance equal to the Collateral Requirement associated with the Designated System. This forfeited amount may be re-credited to Seller as Performance Assurance (and refunded to Seller to the extent in excess of required Performance Assurance Requirement) if a new SFA application of the Designated System is approved by the ICC for inclusion in this Agreement or an agreement between Buyer and Seller under the SFA within three hundred sixty five (365) days of the date of the written notice from the IPA requesting the removal, and the IPA so notifies Buyer.
Resulting payment. Seller forfeits the portion of previously posted Performance Assurance equal to the Collateral Requirement associated with the Designated System. I: The Designated System’s Actual Nameplate Capacity differs from the Proposed Nameplate Capacity by more than the greater of 5kW or 25% of the Proposed Nameplate Capacity, so the Designated System was automatically removed pursuant to Section 2.5(b).
Resulting payment. Seller pays the sum of (i) the Collateral Requirement with respect to such Designated System and (ii) one hundred percent (100%) of the total payments Seller has received from Buyer associated with RECs from such Designated System. Party A: Party B: All Notices: All Notices: Street: Street: City: City: State and ZIP: Attn: State and ZIP: Attn: Phone: Phone: Email: Email: Federal Tax ID Number: Federal Tax ID Number: Attn: Attn: Phone: Phone: Email: Email: With a copy to: With a copy to: Attn: Attn: Phone: Phone: Email: Email: Attn: Attn: Phone: Phone: Email: Email: BNK: BNK: ABA: ABA: ACCT: ACCT:
Resulting payment. Seller forfeits the portion of previously posted Performance Assurance equal to the Collateral Requirement associated with the Designated System. J: The IPA determined in its reasonable discretion that the Designated System is in material non- conformance with requirements of the ABP; or is materially non-conforming with the information previously submitted by Seller to the IPA about that Designated System, and the Seller did not cure the deficiency within twenty (20) Business Days (plus any extensions for good cause granted by the IPA); the IPA then exercised its right to remove the Designated System, pursuant to Section 2.4(f) and so notified Buyer and Seller.