Scheduled Hedged SREC Payments definition

Scheduled Hedged SREC Payments means the payments scheduled to be paid by an Eligible Hedged SREC Counterparty during each Collection Period, if any, as set forth on Schedule IV hereto, as the same may be updated from time to time.
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Scheduled Hedged SREC Payments means for each Hedged SREC Solar Asset, the payments scheduled to be paid by a Hedged SREC Counterparty during each calendar month in respect of the initial term of the related Hedged SREC Agreement, as set forth on Schedule IV to the Indenture, as the same may be adjusted by the Servicer to reflect that such Hedged SREC Solar Asset has become a Defaulted Solar Asset, a Terminated Host Customer Solar Asset, a Defective Solar Asset, a Replaced Solar Asset or if a Payment Facilitation Agreement has been executed in connection with such Hedged SREC Solar Asset or if any Hedged SREC True-Up Amount is applied with respect to such Hedged SREC Solar Asset.
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Scheduled Hedged SREC Payments means (i) for each applicable Qualified SREC Agreement, the payments scheduled to be paid by the related Qualified SREC Counterparty (either from such Qualified SREC Counterparty directly or, upon receipt thereof, from a SREC Subsidiary) during each calendar month pursuant to a Qualified SREC Agreement taking into account the overall energy production for the related state and the minimum production levels for such state necessary to deliver the minimum amount of SRECs set forth in the related Qualified SREC Agreement as set forth in the Financial Model (as the same may be adjusted to account for any Qualified Contracted SREC True-Up Amount or such Hedged SREC Asset being related to a Delinquent Project (solely to the extent such Delinquent Project is no longer producing energy) or a Terminated Project) and (ii) for each Qualified Spot SREC projected to be sold in the Solar Credit Clearinghouse Auction for such Qualified Spot SREC, the auction sale price of such Qualified Spot SREC set forth in the Solar Carve-Out and Solar Carve-Out II Auction Price Schedule as outlined by the Massachusetts Department of Energy Resources (DOER), after deducting any auction fee (provided that no Qualified Spot SRECs shall be projected to be generated by any Delinquent Project (solely to the extent such Delinquent Project is no longer producing energy) or a Terminated Project). For the avoidance of doubt, Scheduled Hedged SREC Payments do not include any Net Scheduled Payments.
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Examples of Scheduled Hedged SREC Payments in a sentence

  • The Borrower shall have provided the Administrative Agent an updated Schedule IV, an updated Schedule V, an updated Schedule VI and an updated Schedule VII to reflect the Scheduled Hedged SREC Payments, Scheduled Host Customer Payments, Scheduled PBI Payments and Scheduled Managing Member Distributions as of such Funding Date.

  • Schedule III attached hereto sets forth an updated schedule of the Scheduled Host Customer Payments, Scheduled Hedged SREC Payments and Scheduled PBI Payments.

  • Attached hereto as Annex D to this NPA Supplement is a schedule of the aggregate of Scheduled Host Customer Payments (excluding past due amounts, if any) and Scheduled PBI Payments for all Host Customer Solar Assets, the aggregate of Scheduled Hedged SREC Payments for all Hedged SREC Solar Assets commencing as of the applicable Cut-Off Date for each Payment Date.

  • The Borrower shall have provided the Administrative Agent an updated Schedule IV, an updated Schedule V, an updated Schedule VI and, an updated Schedule VII and an updated Advance Model to reflect the Scheduled Hedged SREC Payments, Scheduled Host Customer Payments, Scheduled PBI Payments and Scheduled Managing Member Distributions as of such Funding Date.