Common use of Future Environmental Attributes Clause in Contracts

Future Environmental Attributes. The Cogenerator agrees to pay to the City fifty percent (50%) of the Net Monetized Value from the receipt of any revenues received by the Cogenerator from the sale of Environmental Attributes generated and sold by the Cogenerator from any future cogeneration project agreed upon by the City and the Cogenerator that utilizes Landfill Gas generated on the Miramar Landfill. In the event that the Cogenerator pays the City any such fifty percent (50%) of the Net Monetized Value from the receipt of any revenues received by the Cogenerator from the sale of Environmental Attributes, the Cogenerator shall not owe the City any royalties or any other payments under this North City Cogeneration Agreement or any other agreements (whether as described in Section 9.4 or otherwise) on such revenues received by the Cogenerator from the sale of Environmental Attributes.

Future Environmental Attributes. The Cogenerator agrees to pay to the City fifty percent (50%) of the Net Monetized Value from the receipt of any revenues received by the Cogenerator from the sale of Environmental Attributes generated and sold by the Cogenerator from any future cogeneration project agreed upon by the City and the Cogenerator that utilizes Landfill Gas generated on the Miramar Landfill. In the event that the Cogenerator pays the City any such fifty percent (50%) of the Net Monetized Value from the receipt of any revenues received by the Cogenerator from the sale of Environmental Attributes, the Cogenerator shall not owe the City any royalties or any other payments under this North City Cogeneration Agreement or any other agreements (whether as described in Section 9.4 or otherwise) on such revenues received by the Cogenerator from the sale of Environmental Attributes.