REC Supplier Sample Clauses

The 'REC Supplier' clause defines the party responsible for providing Renewable Energy Certificates (RECs) under an agreement. Typically, this clause identifies which party must procure, deliver, or transfer RECs to meet renewable energy requirements or contractual obligations. For example, it may specify that the seller of electricity is also responsible for supplying the associated RECs to the buyer. The core function of this clause is to clearly allocate responsibility for RECs, ensuring compliance with renewable energy standards and preventing disputes over who must supply these certificates.
REC Supplier agrees to execute all other documents or instruments, at its expense, necessary to effectuate the Delivery of the RECs to Buyer or as may be reasonably requested by Buyer.
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REC Supplier fails to Deliver RECs up to the REC Quantity specified in Appendix A by February 14, 2022, REC Supplier shall Deliver RECs sufficient to cure the deficiency within 5 calendar days; provided, however, that if REC Supplier does not so Deliver, Buyer may obtain substitute RECs at Market Price and shall invoice REC Supplier for the total amount paid. REC Supplier shall also pay Buyer for any additional amounts that may be imposed on Buyer by the PUCO or applicable governing body as a result of REC Supplier’s failure to Deliver to Buyer the REC Quantity. REC Supplier shall pay such amounts within 30 calendar days of the date of such invoice.
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REC Supplier s failure to meet the Minimum Credit Rating or to comply with the security requirements set forth in Article 5 within the time frames set forth in this Agreement;
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REC Supplier will make a reasonable effort to deliver RECs from, but not limited to, the following projects: Coventry / Town of West Warwick Wind Turbines Coventry, RI Narragansett Bay Commission Wind Turbines Coventry and Providence, RI A St 1 and 2 Johnston Solar Facility Johnston, RI North Providence Landfill Solar North Providence, RI Hopkin Hills Solar West Greenwich, RI
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Related to REC Supplier

  • Supplier A manufacturer, fabricator, distributor, supplier, or vendor of goods or equipment in connection with the Work, or any other party having a Contract or Purchase Order with the Contractor or with a Subcontractor to furnish materials or equipment to be incorporated in the Work by the Contractor or a Subcontractor.

  • Distributor The Trust hereby appoints the Distributor as general distributor of shares of beneficial interest (“Series shares”) of the Trust’s WCM Funds series (the “Series”) during the term of this Agreement. The Trust reserves the right, however, to refuse at any time or times to sell any Series shares hereunder for any reason deemed adequate by the Board of Trustees of the Trust.

  • PRODUCT MANUFACTURER'S SUPPLIERS Only those dealers/distributors listed by the manufacturer will be considered authorized to act on behalf of the Product Manufacturer.

  • Customers; Suppliers Executive does not have, and at any time during the term of this Agreement shall not have, any employment with or any direct or indirect interest in (as owner, partner, shareholder, employee, director, officer, agent, consultant or otherwise) any customer of or supplier to Company.

  • Major Customers The following table reflects the major customers of the Partnership's oil and gas sales (a major customer is defined as a customer whose sales exceed 10% of total sales) during the years ended December 31: 1998 1997 1996 ---- ---- ---- Genesis Crude Oil, L.P...................................... 66% 66% 67% Western Gas Resources, Inc. ................................ 21% 17% 15% At December 31, 1998, the amounts receivable from Genesis Crude Oil, L.P. and Western Gas Resources, Inc. were $13,053 and $11,532, respectively, which are included in the caption "Accounts receivable -- oil and gas sales" in the accompanying Balance Sheet. The Partnership's share of oil and gas production is sold to various purchasers. Pioneer USA is of the opinion that the loss of any one purchaser would not have an adverse effect on the ability of the Partnership to sell its oil and gas production.