Base Subscription Rate definition

Base Subscription Rate means, with respect to the Standing Order established for the recurring transfer of RECs, the updated Subscription percentage calculated as a share of Actual Nameplate Capacity that is amended pursuant to Section 12(b)(ii) of the Cover Sheet.” The following is added as Section 1.15.1:
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Examples of Base Subscription Rate in a sentence

  • Seller may request in its First Year Report for a Base Subscription Rate to be set higher than the rate based on the foregoing calculation up to 100%; in which case, such Base Subscription Rate will be reflected in IPA’s written instructions to Buyer and Seller.

  • To calculate the Base Subscription Rate, the IPA will first calculate the average subscription percentage for each of the Quarterly Periods covered in the First Year Report separately.

  • Standing Order shall be amended by Buyer and Seller as soon as practicable after the receipt of the First Year Confirmation Report and instructions by the IPA to amend the Standing Order to reflect the Base Subscription Rate.

  • The written instructions by the IPA shall include information on the Base Subscription Rate, and updated Maximum Contract Value, Annual Contract Value and Collateral Requirement.

  • The Base Subscription Rate shall be the greater of: 50% or the highest average subscription percentage calculated for aany partial or full Quarterly Period based on information as recorded in the First Year Report.

  • The Base Subscription Rate shall be the greater of: 50% or the highest average subscription percentage calculated for any partial or full Quarterly Period based on information as recorded in the First Year Report.

  • The Base Subscription Rate shall be the greater of: 50% or the highest average subscription percentage calculated for a Quarterly Period based on information as recorded in the First Year Report.