Delivery Term of Designated Systems Sample Clauses

Delivery Term of Designated Systems. Unless a Designated System is removed pursuant to the terms of this Agreement, the “Delivery Term” of a Designated System shall be the period starting on the first day of the month following the date the first REC from such Designated System is Delivered to Buyer and ending on the last day of the one hundred eightieth (180th) month after the start date 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.
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Delivery Term of Designated Systems. Unless a Designated System is removed pursuant to the terms of this Agreement, the “Delivery Term” of a Designated System shall be the period starting on the first day of the month following the date the first REC from such Designated System is Delivered to Buyer and ending on the last day of the one hundred eightieth (180th) month after the start date 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 12 Specifically, if payments have been made to Seller with respect to a Designated System, and the number of RECs Delivered from such Designated System is less than the Designated System Paid REC Quantity, then with respect to each such Designated System, Seller shall return a portion of the amount of payment equal to the multiplicative product of (A) the Contract Price and (B) the positive difference between (i) the Designated System Paid REC Quantity and (ii) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity). Suspension Period in respect of such Designated System, up to a maximum extension of seven hundred thirty (730) days.
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Delivery Term of Designated Systems. Unless a Designated System is removed pursuant to the terms of this Agreement, the “Delivery Term” of a Designated System shall be the period starting on the first day of the month following the date the first REC from such Designated System is Delivered to Buyer and ending on the last day of the one hundred eightieth (180th) month after the start date 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. Quarterly Payment Cycles. For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices shall be due on the 10th of and payable on the last day of: January, April, July and October. Payment Cycle B: Invoices shall be due on the 10th of and payable on the last day of: February, May, August and November.
Sample 1
Delivery Term of Designated Systems. Unless a Designated System is removed pursuant to the terms of this Agreement, the “Delivery Term” of a Designated System shall be the period starting on the first day of the month following the date the first REC from such Designated System is Delivered to Buyer and ending on the last day of the two hundred 22 NTD: IPA Act Section 1-75(c)(1)(L)(iv): “The electric utility shall receive all renewable energy credits generated by the project during the first 20 years of operation and retire all renewable energy credits paid for under this item (iv) and return at the end of the delivery term all renewable energy credits that were not paid for.” fortieth (240th) month after the start date 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 two hundred forty (240) 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.23
Sample 1
Delivery Term of Designated Systems. 31 NTD: LTRRPP Section 6.14.6: “Once a batch is approved by the Commission, the applicable utility will execute the REC contract and/or product order, as applicable. The Approved Vendor will then be required to sign the contract / product order within seven business days of receiving it from the utility.”
Sample 1
Delivery Term of Designated Systems. Unless a Designated System is removed pursuant to the terms of this Agreement, the “Delivery Term” of a Designated System shall be the period starting on the first day of the month following the date the first REC from such Designated System is Delivered to Buyer and ending on the last day of the two hundred fortieth (240th) month after the start date 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 two hundred forty (240) month period shall be automatically extended day for day for each day of any Suspension Period in respect of such Designated System, up to a maximum extension of seven hundred thirty (730) days. Transfer of Designated Systems to New Product Orders. 9 In connection with resolving consumer protection concerns, if the IPA determines that it would be beneficial for a Designated System to be removed from a Product Order and be reassigned to another Product Order, the IPA shall implement the reassignment in two steps: Firstly, the IPA shall provide to Buyer and Seller a revised Schedule A (and Schedule B, if applicable), Schedule C and Schedule D to the Product Order for such Designated System indicating the removal of such Designated System from such Product Order. Secondly, the IPA shall provide to Buyer and Seller a new Product Order substantially in the form of Exhibit A to this Agreement, including a Schedule A (and Schedule B, if applicable) associated with such Designated System. IPA shall provide the documents indicated in (i) and (ii) above concurrently, and Buyer and Seller shall execute such Schedule D in (i) and such new Product Order in (ii) within seven (7) Business Days of Seller’s and Buyer’s receipt of the Product Order to confirm the terms of the Transaction and to effectuate the reassignment.10 Removal of Designated Systems by the IPA If a Designated System was included in this Agreement in error by the IPA or Buyer, then upon the occurrence of the determination by the IPA of such error, the IPA shall provide written notice of such error to Buyer and Seller, and the Designated System shall be removed from this Agreement twenty (20) Business Days after such written notice by the IPA to Buyer and Seller. As soon as practicable after the IPA’s determination, the IPA shall provide to Buyer and Seller a revised Schedule A (and Schedule B, if applicable), Schedule C and Schedule D to the Product Order for such Design...
Sample 1
Delivery Term of Designated Systems. Unless a Designated System is removed pursuant to the terms of this Agreement, the “Delivery Term” of a Designated System shall be the period starting on first day of the month following the date the first REC from such Designated System is Delivered to Buyer and ending on the last day of the month that is one hundred eighty (180) months after the start date of the Delivery Term34; 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.35
Sample 1
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Related to Delivery Term of Designated Systems

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