REC Contracts Sample Clauses

REC Contracts. Without limiting Section 7.10(b), the Borrower shall not, and shall not permit any Subsidiary to, enter into any REC Contracts other than Excluded REC Contracts.

REC Contracts. Without limiting Section 7.10(b), the Borrower shall not, and shall not permit any Subsidiary to, enter into any REC Contract other than an (a) in the case of the Opcos, Excluded REC Contracts and Borrower REC Purchase Agreements and (b) in the case of the Borrower, Borrower REC Purchase Agreements, Borrower REC Sale Agreements and Borrower Excess REC Agreements; provided, that the Borrower shall not enter into (or assume) any Borrower REC Sale Agreement if, after giving effect thereto, the number of RECs required to be delivered by the Borrower under all then applicable Borrower REC Sale Agreements would exceed in any jurisdiction the number of related RECs expected to be generated for any Vintage by the Eligible Projects for such jurisdiction, the RECs of which have been transferred to the Borrower pursuant to a Borrower REC Purchase Agreement, which determination shall be made at any the time a Borrower REC Sale Agreement is entered into (or assumed) and shall assume P99 Production for Eligible Projects.

REC Contracts. 121 SECTION 6.14

REC Contracts. NYSERDA agrees to offer to the applicable counterparty to enter into an amendment to the Tier 1 REC contract that any Resource is subject to in order to effectuate the provisions herein. Each such amendment shall provide that the applicable Resource’s obligations to deliver Tier 1 RECs to NYSERDA pursuant to such Tier 1 REC contract shall be relieved to the extent that such Resource provides Tier 4 RECs in accordance with this Agreement. NYSERDA shall provide notice to Seller upon the execution of each amendment with an applicable Resource. Article XIX

REC Contracts. Borrower shall have provided evidence satisfactory to Administrative Agent that the “Commercial Operation Milestone Date” under each of the REC Contract (Altona) and the REC Contract (Chateaugay) shall occur no earlier than November 1, 2008.