Delivery Term definition

Delivery Term has the meaning set forth in Section 1.1(b).

Delivery Term has the meaning set forth in Section 3.1(c).

Delivery Term has the meaning set forth in Section 2.5.

Examples of Delivery Term in a sentence

• The representations, warranties and guarantees set forth in this Article are made as of the Effective Date and deemed made continually throughout the Contract Delivery Term, except to the extent that such representation, warranty or guarantee states that it is permitted or required to be made only as of a specific date.

• With respect only to the first 365 days of the Delivery Term, the Daily Quantity shall be reduced by up to 50% based on the amount of RECs actually Delivered by Seller during such period.

• For example, if the Annual Quantity is 3,650 RECs and the Delivery starts on August 1, 2020, then the Delivery Term is August 1, 2020 through July 31, 2035 and, for each day during the 365-day period of August 1, 2020 through July 31, 2021, the Daily Quantity can be reduced from 10 RECs to 5 RECs. The maximum of 10 RECs is calculated by dividing the 3,650 RECs (Annual Quantity) by 365 days.

• Delivery of electric energy during the Contract Delivery Term that complies with this electricity delivery requirement will be sufficient to support the creation of ORECs by NYGATS up to the Annual OREC Cap and in accordance with the transfer requirements of Section 2.03 of this Agreement.

• Upon the Date of First Operations of the Project, Seller represents and warrants to Buyer on each Delivery Date through the expiry of the Delivery Term that all governmental and other authorizations, approvals, consents, notices and filings that are required to have been obtained or submitted by it with respect to performing this Agreement have been obtained or submitted and are in full force and effect and all conditions thereof have been complied with.

More Definitions of Delivery Term

Delivery Term means the period of Contract Years set forth on the Cover Sheet beginning on the Commercial Operation Date, unless terminated earlier in accordance with the terms and conditions of this Agreement.

Delivery Term has the meaning set forth in Section 3.1(c)(i) and shall be of the length specified in the Cover Sheet.

Delivery Term means the period beginning with Initial Synchronization and continuing throughout the end of the Term.

Delivery Term means the period of Contract Years specified on the Cover Sheet, beginning on the first date that Buyer accepts delivery of the Product from the Project in connection with this Agreement following Seller’s demonstration of satisfaction of the items listed below in this Section 3.1(c) (“Initial Energy Delivery Date”) and continuing until the end of the tenth, fifteenth, or twentieth Contract Year (as applicable, based on the Cover Sheet election) unless terminated as provided by the terms of this Agreement; provided that the Expected Initial Energy Delivery Date may be extended as provided in this Section 3.1(c). The Initial Energy Delivery Date shall occur as soon as practicable once all of the following have been satisfied: (i) that Commercial Operation has occurred; (ii) Buyer shall have received and accepted the Delivery Term Security in accordance with the relevant provisions of Article Eight of the Agreement, as applicable; (iii) Seller shall have obtained the requisite CEC Certification and Verification for the Project; (iv) all of the applicable Conditions Precedent in Section 2.5(a) have been satisfied or waived in writing; (v) for resources that are already under a contract as of the Execution Date, that existing contract must have expired by its own terms before the Initial Energy Delivery Date; (vi) Seller shall have demonstrated satisfaction of Seller’s other obligations in this Agreement that commence prior to or as of the Delivery Term; and (vii) unless Seller has been directed by Buyer to not participate in the Participating Intermittent Resource Program, Buyer shall have received written notice from the CAISO that the Project is certified as a Participating Intermittent Resource to the extent the Participating Intermittent Resource Program exists for the Project’s technology type at such time as the conditions in subsections (i) through (vi) of this Section 3.1(c) are satisfied.[Subsection (vii) applicable to solar, wind, or hydro Projects only] In the event that Seller cannot satisfy the requirements for Initial Energy Delivery Date by the Expected Initial Energy Delivery Date, as set forth in this Section 3.1(c), then Seller may provide Buyer with a one-time Notice of a thirty (30) day extension of the Test Period and Expected Initial Energy Delivery Date (“Initial Extension”) along with a written explanation of the basis for the extension, no later than five (5) Business Days prior to the Expected Initial Energy Delivery Date as set fort...

Delivery Term means the period of Contract Years specified above beginning on the Commercial Operation Date and continuing until the end of the last Contract Year unless terminated earlier as provided by the terms of this Agreement.

Delivery Term of a Designated System means the period (i) starting on first day of the month following the date the first REC from such Designated System is Delivered to Buyer, and (ii) ending on the last day of the one hundred eightieth (180th) month after the start of the Delivery Term where the first (1st) month is the month following the date the first REC from such Designated System is Delivered to Buyer; provided that such one hundred eighty (180) month period shall be automatically extended day for day for each day of any Suspension Period up to a maximum extension of seven hundred thirty (730) days.

Delivery Term means the period (i) starting on the later of June 1, 2019 or the date that the first REC is issued by PJM EIS GATS or M-RETS for the Project regardless of when the initial date of REC Deliveries by Seller to Buyer occurs, and (ii) ending on the day that is one hundred eighty (180) months thereafter; provided that such one hundred eighty (180) month period shall be automatically extended day for day for each day of any Suspension Period up to a maximum extension of seven hundred thirty (730) days .” The following is added as Section 1.22.3: