SREC Direct Sale definition

SREC Direct Sale means any sale or transfer of SRECs by a Financing Fund to Parent or an Affiliate of Parent (other than TEP Resources, the Borrower, SAP, a Managing Member or a Financing Fund) in an arm’s length transaction subject to terms and conditions that are no more favorable to Parent or such Affiliate than are commercially available at the time in unrelated third-party transactions.
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SREC Direct Sale means any sale or transfer of SRECs by a Financing Fund to SEC or an Affiliate of SEC (other than AP8 Holdings, the Borrower, a Managing Member or a Financing Fund) in an arm’s length transaction subject to terms and conditions that are no more favorable to SEC or such Affiliate than are commercially available at the time in unrelated third-party transactions.
Sample 1Sample 2Sample 3

Examples of SREC Direct Sale in a sentence

  • In the 1990s, the company (by then owned by Johnson & Johnson) developed Duragesic, which is a transdermal patch that administers fentanyl to the patient wearing it.

Related to SREC Direct Sale

  • Black woman-owned enterprise means an enterprise with at least 25, 1% representation of black women within the black equity and management portion.

  • Company Sale means (i) any disposition to any Person of all or substantially all of the Property of the Company, (ii) a Transfer to any Person of all of the outstanding Interests of the Company or (iii) a merger, combination or consolidation of the Company with or into any Person.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.