Utility Credits definition

Utility Credits means the value in dollars of the Energy Output in any Billing Cycle determined by the Utility with reference to the applicable components of the Value Stack (as defined in the VDER Program Orders, including any successor compensation mechanism) and any other Applicable Law and the applicable Program Tariff, as applied to the Accounts, and set forth on an invoice received by the Purchaser from the Utility for the applicable Billing Cycle.
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Utility Credits means the monetary value measured in dollars of the Energy output (in kWh) of the Solar Facility in a Billing Cycle, determined in accordance with the VDER Program Orders (including all applicable components of the Value Stack (as defined in the VDER Program Orders)) and all other Applicable Legal Requirements, and set forth on an invoice received from the LEDC for the applicable Billing Cycle, which invoice shall be conclusive evidence of the Utility Credits absent manifest error or change in Applicable Legal Requirements.
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Examples of Utility Credits in a sentence

  • Notwithstanding anything to the contrary in this Agreement, Buyer shall (a) have no obligation hereunder to purchase any Utility Credits in excess of the Buyer Percentage, (b) have no liability to Seller or any other Person for any failure by Seller to sell, transfer or allocate the CS Percentage to the CS Buyers, or (c) for any default of any nature by any CS Buyers.

  • As between Seller and Buyer, title to and risk of loss of the Utility Credits will pass from Seller to Buyer upon allocation of the Utility Credits to Buyer’s Account(s) by the LEDC, as reflected on the applicable invoice received by ▇▇▇▇▇ from the LEDC.

  • Among other things, Buyer shall not, and shall not cause or permit any other Person to, modify, cancel or impair the Utility Credit Application and the allocation of Utility Credits to Buyer’s Accounts without the prior written approval of Seller Buyer’s acknowledges and agrees that its obligation to perform under this Agreement is not conditioned upon the financial solvency of the LEDC, nor shall the financial condition of the LEDC be a basis for Buyer to terminate this Agreement.

  • Buyer shall provide Seller with at least forty-five (45) days prior notice of ▇▇▇▇▇’s intention to close any of the Accounts to which Utility Credits are being allocated, and concurrently with such notice Buyer shall designate one or more replacement accounts to which such Utility Credits should be allocated on a going forward basis, and each such replacement account shall thereafter be an “Account” hereunder.

  • Buyer shall also provide Seller, upon request therefor, with any other information reasonably necessary to permit Seller to verify the Utility Credits allocated to the Buyer’s Accounts.

  • If this Agreement is terminated for any reason, ▇▇▇▇▇ agrees to execute whatever documents may be required by the LEDC to cease its receipt of Utility Credits from Seller.

  • Seller is responsible for any and all Governmental Charges attributable to the Solar Energy Facility, and is responsible for any and all Governmental Charges attributable to the allocation and sale of Utility Credits to Buyer.

  • Notwithstanding anything to the contrary herein, under no circumstances will Buyer be required to pay Seller for Utility Credits that have not been allocated and credited to ▇▇▇▇▇’s Accounts by the LEDC.

  • Subject to Applicable Legal Requirements, Buyer shall provide Seller access to Buyer’s Accounts solely for purposes of verifying the Utility Credits that are allocated to Buyer’s Account.

  • As between Buyer and Seller, Seller shall have sole title to the Solar Energy Facility and the Energy generated by the Solar Energy Facility, along with any Reserved Environmental Attributes and Renewable Energy Incentives generated or associated with the Solar Energy Facility, or the Energy generated by the Solar Energy Facility, and not included in or made part of the Utility Credits.

Related to Utility Credits

  • 9% Credits means Federal Credit allocated on a competitive basis under the provisions of this Plan.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • Utility line means any item of public or private property which is buried or placed below ground

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.