Compliance Payment definition
Examples of Compliance Payment in a sentence
In the event that the CCFE Index Price is no longer published, the Parties shall in good faith undertake commercially reasonable efforts to agree on a substitute index that reflects the market value of the RECs. Should such a substitute index not be available or if the Parties are unable to agree upon such a substitute index, the RECs will be valued at the “Alternative Compliance Payment Rate” for the Renewable Energy Standard published by the PUC for the applicable billing period.
The amount of payment guarantee (if requested) shall be equal to the lesser of (a) the cumulative product of the NEPOOL-GIS Certificate Quantity and the difference between the NEPOOL-GIS Certificate Purchase Price and the Alternative Compliance Payment Rate for the applicable NEPOOL-GIS Certificate Type and Vintage, or (b) the product of the NEPOOL-GIS Certificate Quantity and the NEPOOL-GIS Certificate Purchase Price, multiplied by 0.3.
If Seller is incapable of transferring the corresponding amount of RECs associated with the deficiency in the amount of Seller’s supply for the Delivery Period after using Commercially Reasonable efforts to do so, Seller shall pay the Alternative Compliance Payment for the number of RECs owed to TVA pursuant to this Exhibit.
In no instance, shall the average market price exceed the Alternative Compliance Payment rate for the class and vintage of REC in the particular Transaction giving rise to the Event of Default.
Texas Prompt Payment Act Compliance: Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code.
If the PaPUC subsequently determines that the Alternative Compliance Payment for the AEPS Reporting Year in which Seller failed to Deliver the Contract Amount is more than the amount Seller paid for each AEC not Delivered, Seller shall pay PECO the difference between the amount Seller paid per AEC and the actual Alternative Compliance Payment.
Should such a substitute index not be available or if the Parties are unable to agree upon such a substitute index, the RECs will be valued at the “Alternative Compliance Payment Rate” for the RPS published by the DOER for the applicable billing period.
If Seller has paid PECO an amount in excess of the actual Alternative Compliance Payment for each AEC not Delivered, PECO shall pay Seller the difference between the amount Seller paid per AEC and the actual Alternative Compliance Payment.
Upon TAM's payment of the Compliance Payment to ▇▇▇▇, ▇▇▇ shall be deemed to be in full compliance with the terms and conditions of the License Agreement and current in all of its obligations to Buck, including without limitation TAM's obligation to make installment payments of the Research Funding Amount.
If this results in Outstanding Obligations exceeding Availability then compliance is to be restored within the established timeframes as provided for under §2.1. Notwithstanding the previous sentence, if the Real Estate Asset is being withdrawn based on (a) a sale/transfer, or (b) the Real Estate Asset is going to be financed with another source of capital, the Borrower shall immediately pay to the Agent the Mandatory Compliance Payment.