REC Delivery Sample Clauses
The REC Delivery clause defines the obligations and procedures for delivering Renewable Energy Certificates (RECs) from the seller to the buyer. Typically, it specifies the timing, method, and documentation required for the transfer of RECs, such as through electronic registries or designated accounts. This clause ensures that both parties understand how and when RECs will be delivered, thereby providing clarity and reducing the risk of disputes regarding the fulfillment of REC transactions.
REC Delivery. Seller shall deliver to ▇▇▇▇▇’s Account the Contract Quantity of the REC component of the Product in the form of Certificates. Seller agrees that in addition to representing the attributes and characteristics under the Tracking System’s operating rules and requirements, the Certificate will also represent the REC, Renewable Energy Attributes, and REA Reporting Rights as defined in this Agreement. No later than fourteen (14) calendar days after the meter data is delivered to Seller’s Account, Seller shall review the meter data and complete all acts necessary to create the Certificates in the Tracking System and shall transfer the Certificates into Buyer’s Account. Each Party shall establish an Account with the Tracking System for the creation, transfer, and/or receipt of the Certificates. ▇▇▇▇▇▇ agrees to establish the Account for the Facility no later than fifteen (15) Business Days prior to the Commercial Operation Date.
REC Delivery. Delivery of RECs under this PPA requires that Party A effect a Transfer as described in Annex 1 to the PPA. All terms contained in Annex 1 to this PPA are incorporated herein by reference.