Prerequisites for Purchases Sample Clauses

Prerequisites for Purchases. 4.1 Buyer's obligation to begin the purchase of LRECs or ZRECs, as elected on the Cover Sheet, from Seller at the rates of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions:
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Prerequisites for Purchases. 4.1. Xxxxx's obligation to begin the purchase of RECs from Seller at the rates of payment specified in the System Identification Form is contingent upon the satisfaction of all of the following conditions:
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Prerequisites for Purchases. 4.1 PSNH’s obligation to begin the purchase of Products is contingent upon the satisfaction of all the following conditions:
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Prerequisites for Purchases. 4.1 The EDC's obligation to begin the purchase of energy and RECs from a NRES Project at the rate(s) of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions:
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Prerequisites for Purchases. Buyer's obligation to begin the purchase of RECs from Seller at the rates of payment specified in the System Identification Form is contingent upon the satisfaction of all of the following conditions: Buyer has accepted Seller’s completed System Energized Notification Form (Exhibit C), which shall indicate that the System's Energized Date has occurred on or after the Earliest Energized Date as specified in the System Identification Form and no later than the Guaranteed Energized Date or any approved extension thereof; Seller has provided Buyer with a completed System Energized Notification Form (Exhibit C) certifying that the System is located on the customer side of the customer’s utility meter, is interconnected to the distribution system of the Interconnecting Utility, and has a fully executed Interconnection Agreement; Seller has provided to Buyer a completed System Energized Notification Form (Exhibit C) certifying that the System was “Installed” by a “Qualified Person” described in Section 1-56(i) of the Illinois Power Agency Act (20 ILCS 3855/1-56(i)); Seller, at its sole cost and expense, has a valid account in PJM-EIS GATS or M-RETS for purposes of Delivering RECs to Buyer’s PJM-EIS GATS or M-RETS account and the System is registered with PJM-EIS GATS or M-RETS; If the System owner is not the Host, Seller has provided to Buyer a Host Acknowledgment in the form attached hereto as Appendix 3. Specifically, if the System owner is not the Host, Seller or the System owner has obtained and provided to Buyer the written acknowledgement by the Host acknowledging for Buyer’s benefit that the System owner has the right to locate the System at the Host’s location; Seller has rights to the RECs to be Delivered by Seller to Buyer’s PJM-EIS GATS or M-RETS account and such rights include Seller’s rights to Deliver and convey title of such RECs to Buyer such that, upon Delivery, all rights and ownership of Delivered RECs shall belong to Buyer; The Delivery Term Start Date has occurred; and The Illinois Commerce Commission Order authorizing Buyer to enter into this Agreement remains in full force and effect; Seller’s failure to satisfy Section 4.1.1 through Section 4.1.5 by the fortieth (40th) Business Day after the Guaranteed Energized Date (or any approved extension thereof) or Seller’s failure to satisfy Section 4.1.6 by the Date of Initial REC Delivery shall entitle Buyer to retain the Performance Assurance associated with the System and to terminate this Agre...
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Prerequisites for Purchases. 6.1 EDC's obligation to begin the purchase of energy and RECs from a SCEF Facility, as elected on the Tariff Terms Agreement, from Subscriber Organization at the rates of payment specified in the Tariff Terms Agreement is contingent upon the satisfaction of all of the following conditions:
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Prerequisites for Purchases. 4.1 Buyer's obligation to begin the purchase of ZRECs from Seller at the rates of payment specified in the Service Agreement is contingent upon the satisfaction of all of the following conditions:
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Prerequisites for Purchases. 4.1 Buyer's obligation to begin the purchase of RECs, as elected on the Cover Sheet, from Seller at the rates of payment specified in the Cover Sheet is contingent upon the satisfaction of all of the following conditions:
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Prerequisites for Purchases 
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Related to Prerequisites for Purchases

  • Arrangements for Purchases The Manager is authorized to arrange for the purchase by others (including the Manager or any other Underwriter) of any Securities not purchased by any defaulting Underwriter in accordance with the terms of the applicable Underwriting Agreement or, if the applicable Underwriting Agreement does not provide arrangements for defaulting Underwriters, in the discretion of the Manager. If such arrangements are made, the respective amounts of Securities to be purchased by the remaining Underwriters and such other person or persons, if any, will be taken as the basis for all rights and obligations hereunder, but this will not relieve any defaulting Underwriter from liability for its default.

  • Payment for Purchase Shares For each Regular Purchase, the Investor shall pay to the Company an amount equal to the Purchase Amount with respect to such Regular Purchase as full payment for such Purchase Shares via wire transfer of immediately available funds on the same Business Day that the Investor receives such Purchase Shares, if such Purchase Shares are received by the Investor before 1:00 p.m., Eastern time, or, if such Purchase Shares are received by the Investor after 1:00 p.m., Eastern time, the next Business Day. For each Accelerated Purchase, the Investor shall pay to the Company an amount equal to the Purchase Amount with respect to such Accelerated Purchase as full payment for such Purchase Shares via wire transfer of immediately available funds on the third Business Day following the date that the Investor receives such Purchase Shares. If the Company or the Transfer Agent shall fail for any reason or for no reason to electronically transfer any Purchase Shares as DWAC Shares in respect of a Regular Purchase or Accelerated Purchase (as applicable) within three (3) Business Days following the receipt by the Company of the Purchase Price or Accelerated Purchase Price, respectively, therefor in compliance with this Section 2(c), and if on or after such Business Day the Investor purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Investor of such Purchase Shares that the Investor anticipated receiving from the Company in respect of such Regular Purchase or Accelerated Purchase (as applicable), then the Company shall, within three (3) Business Days after the Investor’s request, either (i) pay cash to the Investor in an amount equal to the Investor’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the “Cover Price”), at which point the Company’s obligation to deliver such Purchase Shares as DWAC Shares shall terminate, or (ii) promptly honor its obligation to deliver to the Investor such Purchase Shares as DWAC Shares and pay cash to the Investor in an amount equal to the excess (if any) of the Cover Price over the total Purchase Price for such Regular Purchase plus the total Accelerated Purchase Price for such Accelerated Purchase (as applicable). The Company shall not issue any fraction of a share of Common Stock upon any Regular Purchase or Accelerated Purchase. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up or down to the nearest whole share. All payments made under this Agreement shall be made in lawful money of the United States of America or wire transfer of immediately available funds to such account as the Company may from time to time designate by written notice in accordance with the provisions of this Agreement. Whenever any amount expressed to be due by the terms of this Agreement is due on any day that is not a Business Day, the same shall instead be due on the next succeeding day that is a Business Day.

  • Accounting for Purchases Account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as sales of the Receivables and Related Rights by such Originator to the Company.

  • Conditions for Issuance In addition to being subject to the satisfaction of the conditions contained in Sections 4.1 and 4.2, the obligation of an Issuer to issue any Facility Letter of Credit is subject to the satisfaction in full of the following conditions:

  • Request for Purchase The Company may from time to time during the Issuance Period make requests for purchases of Private Shelf Notes (each such request being herein called a “REQUEST FOR PURCHASE”). Each Request for Purchase shall be made to Prudential by telecopier and confirmed by nationwide overnight delivery service, and shall (i) specify the aggregate principal amount of Private Shelf Notes covered thereby, which shall not be less than $5,000,000 and shall not be greater than the Available Facility Amount at the time such Request for Purchase is made, (ii) specify the principal amounts, final maturities, principal prepayment dates and amounts and interest payment periods (quarterly in arrears) of the Private Shelf Notes covered thereby, (iii) specify the use of proceeds of such Private Shelf Notes, (iv) specify the proposed day for the closing of the purchase and sale of such Private Shelf Notes, which shall be a Business Day during the Issuance Period not more than thirty (30) days after the making of such Request for Purchase and in any event not less than three (3) days after any Acceptance with respect to such Request for Purchase under paragraph 2E, (v) specify the number of the account and the name and address of the depository institution to which the purchase prices of such Private Shelf Notes are to be transferred on the Private Shelf Closing Day for such purchase and sale, (vi) certify that the representations and warranties contained in paragraph 8 hereof are true on and as of the date of such Request for Purchase except to the extent of changes caused by the transactions herein contemplated and that there exists on the date of such Request for Purchase no Event of Default or Default (and that no Event of Default or Default shall arise as the result of the purchase and sale of such Private Shelf Notes), and (vii) be substantially in the form of EXHIBIT B attached hereto. Each Request for Purchase shall be in writing and shall be deemed made when received by Prudential.

  • CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE The obligation of Buyer to purchase the Securities at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for Buyer's sole benefit and may be waived by Buyer at any time in their sole discretion:

  • Issuance and Repurchase of Shares The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter permitted corporations formed under the Delaware General Corporation Law.

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