Common use of Transfer by Cancellation Statement Clause in Contracts

Transfer by Cancellation Statement. If the Parties so specify in Section A of Part I (Individual Terms) and provided that there is a Cancellation Agreement in place between the cancelling Domain and the Domain of Delivery specified in Section A of Part I (Individual Terms) (in the case of EECS Certificates) or provided that "Transfer by Cancellation Statement" is specified in Section A of Part I (Individual Terms) (in the case of National Scheme Certificates), the Seller shall Schedule the initiation of the cancellation of the relevant Contract Quantity of Certificates held in the EECS Registration Database specified in Section A of Part I (Individual Terms) (in the case of EECS Certificates) or in the local registry (in the case of National Scheme Certificates). The Seller shall, for the purposes of the Cancellation Statement to be issued by the applicable Registry Operator, specify the Buyer as the named recipient of the cancelled Certificates. By no later than the last day of the relevant Delivery Period, the Seller shall notify the Buyer in writing by sending a statement in an agreed format including information on the:

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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