New Generation Facility. (a) Seller, at no cost to Buyer, shall be responsible to: (i) Design and construct the Project. (ii) Acquire all Government Approvals and other approvals necessary for the construction, operation, and maintenance of the Project. (iii) Within fifteen (15) days after the close of each month from the first month following the Execution Date until the Commercial Operation Date, provide to Buyer a Monthly Progress Report and agree to regularly scheduled meetings between representatives of Buyer and Seller to review such monthly reports and discuss Seller’s construction progress and the anticipated Commercial Operation Date and Initial Delivery Date. The Monthly Progress Report shall identify the Milestones and indicate whether Seller has met or is on target to meet such Milestones. (b) Buyer shall have the right, but not the obligation, to inspect the Project or the Project’s construction site or on-site Seller data and information pertaining to the Project during business hours upon reasonable notice.
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Sources: Renewable Energy Credit Purchase and Sale Agreement, Renewable Energy Credit Purchase and Sale Agreement, Renewable Energy Credit Purchase and Sale Agreement