REC Contracts definition

REC Contracts means: (a) the Certificate Purchase Agreement, dated as of October 9, 2008, by and between Evergreen Wind Power, LLC, as seller, and Massachusetts Electric Corporation, as buyer, as assigned to Evergreen Wind Power V, LLC effective as of April 24, 2009; (b) the 2010 Certificate Purchase Agreement, dated as of August 18, 2009, by and between Evergreen Wind Power V, LLC, as seller, and Massachusetts Electric Corporation, as buyer; (c) the Purchase and Sale Agreement for Massachusetts Renewable Energy Credits, dated as of October 22, 2009, by and between Evergreen Wind Power V, LLC and Shell Energy North America, LP; (d) the Renewable Energy Certificate Purchase Agreement, by and between NSTAR Electric & Gas Corporation and Evergreen Wind Power V, LLC, dated as of October 5, 2009; and (e) the Citigroup REC Contract; and (f) the trade confirmation dated December 21, 2009, between Evergreen Wind Power V, LLC and Energy America, LLC.
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REC Contracts means the REC Contract (Altona), the REC Contract (Chateaugay) and the REC Contract (Wethersfield).
Sample 1

Examples of REC Contracts in a sentence

  • None of these transfers by Tri-State will include any RECs that Tri-State purchased pursuant to the REC Contracts or any RECs that are retired as part of United Power’s compliance with its RPS compliance obligation.

  • On or before August 30, 2024, United Power will transfer from United Power’s WREGIS account into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in United Power’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts.

  • The Borrower shall not, and shall cause each Subsidiary not to, engage in any Swap Agreement other than (a) the Excluded REC Contracts and (b) the Interest Rate Hedging Agreements.

  • For clarity, all RECs arising out of the REC Contracts for which United Power has title and ownership pursuant to the REC Contracts, along with any other RECs that United Power owns, are used first to satisfy United Power’s 2023 calendar year RPS compliance, including RECs from prior years.

  • On or before July 31, 2024, Tri-State will transfer from Tri-State’s WREGIS account into United Power’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account on the date of such transfer and to which United Power has title and ownership pursuant to the REC Contracts.

  • The Borrower shall not, and shall cause each Subsidiary not to, engage in any Swap Agreement other than (a) the Excluded REC Contracts, (b) the Interest Rate Hedging Agreements and (c) sales, transfers and other dispositions of Capacity Attributes and Ancillary Services in accordance with Section 7.09(c).

  • The Borrower shall not, and shall cause each Subsidiary not to, engage in any Swap Agreement other than (a) the Excluded REC Contracts, the Borrower REC Purchase Agreements, the Borrower REC Sale Agreements and the Borrower Excess REC Agreements, (b) the Interest Rate Hedging Agreements and (c) sales, transfers and other dispositions of Capacity Attribute and Ancillary Services in accordance with Section 7.09(c).

  • Borrower shall not, and shall not permit any Subsidiary to: (i) engage in any business other than the acquisition, ownership, leasing, construction, financing, operation and maintenance of the Projects in accordance with and as contemplated by the Transaction Documents and other activities incidental thereto, including the sale of RECs under the Excluded REC Contracts, or (ii) change its name without the consent of the Administrative Agent.

  • The Borrower shall not, and shall cause each Relevant Party not to, engage in any Swap Agreement other than the Excluded REC Contracts and the Interest Rate Hedging Agreements.

  • Interconnection Agreement for the connection and delivery of electrical output from the System to the electrical power distribution grid (the “Interconnection Agreement”);Executed REC Contracts (if applicable);Executed Power Purchase Agreement; Consents.

Related to REC Contracts

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Seller Contracts means those Contracts of Seller or any Other Seller that relate primarily to the Business.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Retained Contracts means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Contracts means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures and all other agreements, commitments and legally binding arrangements, whether written or oral.

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.