Actual REC Quantity definition

Actual REC Quantity means the number of REC Certificates actually available for sale by NYSERDA to LSEs for compliance year 2017.
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Examples of Actual REC Quantity in a sentence

  • If the Actual REC Quantity is insufficient to satisfy the REC Certificate Quantity contained herein, NYSERDA shall notify Buyer in writing on or before June 1, 2018 of the adjusted Quantity of REC Certificates Delivered and shall refund to Buyer by check a proration of the projected purchase price.

  • If the Actual REC Quantity exceeds the aggregate amount of REC Certificate Quantities contained in Agreements for the Sale of Renewable Energy Certificates with the LSEs. NYSERDA may make additional REC Certificates available for purchase.

  • On or before June 1, 2018, NYSERDA will reconcile the Actual REC Quantity with the aggregate amount of REC Certificate Quantities contained in Agreements for the Sale of Renewable Energy Certificates with the LSEs, and with the LSE’s actual compliance obligation for the 2017 Compliance Year.