Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and Section 2.6(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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(b) and Section 2.6(c).
Appears in 12 contracts
Sources: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement
Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and or Section 2.6(c) 2.6(d), and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g2.6(i). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and or Section 2.6(c2.6(d) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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 by the Anchor Tenant and End Use Customers as established pursuant to Section 2.6(b) and or Section 2.6(c2.6(d).
Appears in 4 contracts
Sources: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement, Renewable Energy Credit Purchase and Sale Agreement
Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b2.6(a) and or Section 2.6(c) ), and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b2.6(a) and or Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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 by the Anchor Tenant and End Use Customers as established pursuant to Section 2.6(b2.6(a) and or Section 2.6(c).
Appears in 3 contracts
Sources: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement
Contract Capacity Factor. If the Delivery Term extends beyond a 151520-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th 15th20th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and Section 2.6(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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(b) and Section 2.6(c).
Appears in 2 contracts
Sources: Master Renewable Energy Credit Purchase and Sale Agreement, Master Renewable Energy Credit Purchase and Sale Agreement
Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1F).-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and or Section 2.6(c) 2.6(d), and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g(i). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and or Section 2.6(c2.6(d) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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 by the Anchor Tenant and End Use Customers as established pursuant to Section 2.6(b) and or Section 2.6(c2.6(d).
Appears in 1 contract
Sources: Master Renewable Energy Certificate Credit Purchase and Sale Agreement
Contract Capacity Factor. If the Delivery Term extends beyond a 151520-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th 15th20th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and Section 2.6(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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(b) and Section 2.6(c).
Appears in 1 contract
Sources: Master Renewable Energy Credit Purchase and Sale Agreement
Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and Section 2.6(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. 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(b) and Section 2.6(c).)..
Appears in 1 contract
Sources: Master Renewable Energy Certificate Credit Purchase and Sale Agreement