Approved REC Contract definition

Approved REC Contract means a fully executed contract, in form and substance reasonably satisfactory to the Administrative Agent, for Renewable Energy Certificates to be produced and sold by Groton Station Fuel Cell, LLC that provides for:
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Approved REC Contract means a REC Contract for the sale of RECs in an Approved REC State that: (a) is substantially in one of the forms attached hereto as Exhibit G-2, with such substantive revisions as may be reasonably acceptable to the Administrative Agent, provided, that with respect to all REC Contracts entered into pursuant to this clause (a), a redline comparison of the proposed REC Contract against the applicable form shall be provided to the Administrative Agent at least two (2) Business Days prior to the proposed execution date of such REC Contract; (b) is on terms substantially similar to the terms set forth in one of the forms attached hereto as Exhibit G-2, other than with respect to price, volume, Vintage, expiration date and other similar economic terms, as confirmed by the Administrative Agent, and does not otherwise expose the Borrower to greater liability than such form; or (c) is otherwise in form and substance reasonably satisfactory to the Required Lenders; provided, that if a REC Contract described in the foregoing clause (c) is projected [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. to generate revenues in excess of $2,000,000 in any calendar year, the Borrower shall have delivered a REC Consent with respect to such REC Contract.
Sample 1
Approved REC Contract means a REC Contract for the sale of RECs in an Approved REC State that: (a) is substantially in one of the forms attached hereto as Exhibit G-2, with such substantive revisions as may be reasonably acceptable to the Administrative Agent, provided, that with respect to all REC Contracts entered into pursuant to this clause (a), a redline comparison of the proposed REC Contract against the applicable form shall be provided to the Administrative Agent at least two (2) Business Days prior to the proposed execution date of such REC Contract; (b) is on terms substantially similar to the terms set forth in one of the forms attached hereto as Exhibit G-2, other than with respect to price, volume, Vintage, expiration date and other similar economic terms, as confirmed by the Administrative Agent, and does not otherwise expose the Borrower to greater liability than such form; or (c) is otherwise in form and substance reasonably satisfactory to the Required Lenders; provided, that if a REC Contract described in the foregoing clause (c) is projected to generate revenues in excess of $2,000,000 in any calendar year, the Borrower shall have delivered a REC Consent with respect to such REC Contract.
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Related to Approved REC Contract

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Project Contract means any agreement or agreements for the design, development, acquisition, installation, implementation and construction of all or a substantial part of the Project by and between a Contractor and the Recipient.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;

  • Credit-sale contract means the same as defined in section 203.1.

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • the Approved Guidance means such guidance on the obtaining, recording and maintaining of information about costs and on the breaking down and allocation of costs by reference to Approved Reporting Currencies as may be published by Monitor; “Approved ReportingCurrencies” means such categories of cost and other relevant information as may be published by Monitor; “other relevant information” means such information, which may include quality and outcomes data, as may be required by Monitor for the purpose of its functions under Chapter 4 (Pricing) in Part 3 of the 2012 Act.

  • Specified Contract means any of the following Contracts (together with all exhibits and schedules thereto) to which the Company or any Subsidiary is a party:

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Charter contract means a fixed term, renewable contract between a charter school and an authorizer that outlines the roles, powers, responsibilities, and performance expectations for each party to the contract.

  • Privatization contract or “contract” means an agreement or

  • Approved/Approval means the approval in writing.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • CAISO-Approved Meter means any revenue quality, electric energy measurement meter furnished by Seller, that (a) is designed, manufactured and installed in accordance with the CAISO’s metering requirements, or, to the extent that the CAISO’s metering requirements do not apply, Prudent Electrical Practices, and (b) includes all of the associated metering transformers and related appurtenances that are required in order to measure the net electric energy output from the Generating Facility.

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Proposed Contract means the agreement including any other terms and conditions contained in or referred to in this RFP that may be executed between the DBSA and the successful Bidder.

  • Classified Contract means a contract or subcontract between a legal entity or individual from the State of one Party and a legal entity or individual from the State of the other Party, the implementation of which requires access to Classified Information or its generation;

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Qualified Contract A Contract that qualifies under the Code as an individual retirement annuity (“IRA”) or a Contract purchased under a Qualified Plan that qualifies for special tax treatment under the Code. Qualified Plan — A retirement plan that receives favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Code. SEC — Securities and Exchange Commission.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;