Examples of Delivery Year in a sentence
The Delivery Year Requirement for Delivery Year 0 is not applicable if the Earliest Vintage Month is June.
Any payment for a Delivery Year due Buyer shall be netted against unpaid RECs, if any, for such Delivery Year for which RECs have not been returned to Seller, starting with the unpaid RECs associated with the earliest Vintage first in such Delivery Year; and any such netted unpaid RECs (where a payment is due from Buyer to Seller) shall be considered paid and shall not be returned to Seller.
Seller is responsible and shall provide such documentation and verification throughout the Term of this Agreement to the IPA for any applicable work performed in a Delivery Year subsequent to Seller’s initial submission of documentation and verification, which shall be provided no later than July 15 following the end of such Delivery Year.
Buyer’s payments for RECs in a given Delivery Year therefore shall not cause the sum of the cumulative payments to Seller and all other sellers under contracts executed pursuant to 20 ILCS 3855/1-75(c)(1), as well as all other applicable fees, charges, and administrative costs related to the purchase of RECs under 20 ILCS 3855/1-75(c)(1), to exceed the Available Funds for such Delivery Year as calculated under 20 ILCS 3855/1-75(c)(1)(E).