Examples of Subscribed in a sentence
Failure to maintain the minimum Community Solar Subscription Mix of fifty percent (50%) and the percent of Actual Nameplate Capacity that has been Subscribed as provided in the fourth (4th) Community Solar Quarterly Report submitted pursuant to Section 6.2 in a Delivery Year shall result in payment to Buyer from Seller of a monetary amount, determined by the IPA, and Buyer may draw on Seller’s Performance Assurance for this purpose.
For purposes of re-calculating the delivery schedule, the Delivery Year in which the date of Energization occurred shall be the first Delivery Year for which a Delivery Year Expected REC Quantity is calculated and the Delivery Year Expected REC Quantity for such first Delivery Year shall be calculated using the updated Contract Nameplate Capacity based on the updated percent of the Actual Nameplate Capacity that is being Subscribed as established pursuant to Section 2.6(a)(i)(b) and Section 2.6(a)(i)(c).
The amount of the draw on Seller’s Performance Assurance will be calculated as the difference between (a) the contracted payment for that Delivery Year and (b) the amount that would have been paid given the realized Community Solar Subscription Mix and the percent of Actual Nameplate Capacity that has been Subscribed in that Delivery Year, if (a) exceeds (b).
Such Community Solar Quarterly Report shall indicate the percent of Actual Nameplate Capacity that has been Subscribed and the Community Solar Subscription Mix.