CSI Rebates Clause Samples
The CSI Rebates clause establishes the terms under which rebates are provided based on the California Solar Initiative (CSI) program. Typically, this clause outlines the eligibility criteria for receiving rebates, the calculation method, and the process for applying or crediting these rebates to the relevant parties, such as solar system purchasers or installers. By clearly defining how CSI rebates are handled, the clause ensures transparency in financial incentives and helps prevent disputes over rebate allocation.
CSI Rebates. To the extent that the CSI Rebates quoted in the Incomplete Contracts are, in the aggregate, larger than the CSI Rebates that are actually paid under the California Solar Initiative for all Incomplete Contracts (excluding any cancelled contracts), Akeena will be liable to Real Goods for the difference, provided that any such liability of Akeena shall be reduced by the amount Akeena refunds to SunRun pursuant to Section 4(d) of the Master Assignment Agreement. Akeena shall pay any amount due pursuant to this Section 2.4 within 30 days following Real Goods’ receipt of all CSI Rebates for the Incomplete Contracts and delivery to Akeena of an invoice for the amount due. [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request.