Common use of Transactions Clause in Contracts

Transactions. If the Counterparty submits a successful bid to purchase SRECs in the Solar REC Auction, as shall be determined in accordance with the rules of the Solar REC Auction, the Counterparty shall be a “Buyer” hereunder and the transaction (“Transaction”) shall be documented in a Transaction Confirmation Letter (“Confirmation”) in the form of Exhibit A attached hereto. Seller shall sell and Buyer shall purchase such SRECs in accordance with this Master Agreement and the Confirmation. Only Transactions originating from a Solar REC Auction shall be governed by this Master Agreement. The Confirmation must be executed in accordance with the Solar REC Auction rules.