Examples of Compliance year in a sentence
If, in the Buyer’s sole discretion, the Parties are unable to reform the Transactions as described above, Buyer may, at its sole option and at any time following the Change in Applicable Law, terminate the applicable Transactions without terminating the remainder of this Agreement and calculate a Termination Payment, which for the purposes of this Section only will be calculated as the amount of Quantity remaining to be delivered in the then-current Compliance Year, multiplied by [$175].
NYSERDA shall calculate LSE’s Annual Tier 2 Obligation Amount for each Compliance Year.
Should the amount paid by the LSE in a Compliance Year be less than the Annual Tier 2 REC Obligation Amount in the Compliance Year, LSE shall make a payment of the difference between the amounts actually paid to NYSERDA and the Annual Tier 2 REC Obligation Amount.
LSE and NYSERDA agree that, on a timely basis the Annual Tier 2 Obligation Amount and the total aggregated payments to NYSERDA hereunder shall be reconciled pursuant to the Tier 2 Order, reflecting the actual load served by LSE during the applicable Compliance Year.
Should the amount paid by the LSE in a Compliance Year exceed the Annual Tier 2 Obligation Amount for the same Compliance Year, NYSERDA shall make payment to LSE in an amount equaling the overpayment.