SREC Account means the electronic account, if any, Grantor establishes and maintains with SREC Program Administrator to track SRECs produced by the Project.

SREC Account means the electronic account Borrower has established and maintains with the NJCEP to use the SREC Program Administrator, or any successor thereto recognized by the State of New Jersey, for the sale and trade of SRECs. Section 1.02 Interpretation. For purposes of this Agreement the singular includes the plural and the plural the singular; words denoting one gender include the other; the words "including", "includes" and "include" shall be deemed to be followed by the words "without limitation"; references to agreements and other contractual instruments shall be deemed to include all subsequent amendments, revisions and other modifications thereto, without prejudice to any provisions of this Agreement prohibiting such amendments, revisions and other modifications; and references to persons include their respective permitted successors and assigns. Section 1.03 Relationship of the Parties. For purposes of this Agreement, Secured Party and Grantor expressly agree that the relationship of Secured Party to Grantor is that of a lender only. The intent of this provision is to clarify and stipulate that Secured Party is not a partner, fiduciary and/or coventurer of Grantor and that Secured Party's sole interest in the Collateral is for the purpose of security for repayment of the obligations of Grantor to Secured Party.

SREC Account means, for either Party, the account established, or to be established, by the MASS SREC Program Administrator for such Party and into which such Party’s SRECs shall be allocated and credited.

Examples of SREC Account in a sentence

Borrower may sell the Project SRECs delivered to Borrower’s SREC Account in accordance with Section 6(a).
Borrower shall pay Lender the SREC Processing Fee for all Project SRECs delivered to Borrower’s SREC Account.
Borrower shall have a continuing obligation to execute such documents as may be necessary to authorize the SREC Program Administrator to automatically transfer Project SRECs to Lender’s SREC Account.
If Borrower elects to repay the Loan with cash, Lender will continue to accept delivery of the Project SRECs from the SREC Program Administrator into Lender’s SREC Account.

More Definitions of SREC Account

SREC Account means the electronic account, if any, Borrower establishes and maintains with SREC Program Administrator to track SRECs produced by the Project.

Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.
Financial Account means an account maintained by a Financial Institution, and includes:
Special Account means the account referred to in Section 2.02 (b) of this Agreement;
Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.