Designated System definition

Designated System means an electric generation unit that produces electric energy using a Renewable Energy Source that is selected by the IPA through the ABP and approved by the ICC for inclusion in this Agreement as of the Trade Date of a Product Order. All Designated Systems under this Agreement shall either be a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project.

Examples of Designated System in a sentence

  • Seller may not substitute RECs generated from a generator other than a Designated System.

  • Notwithstanding any other provisions of this Agreement, in no event shall Buyer be liable to Seller, with respect of a Designated System, in an amount that exceeds one hundred and ten percent (110%) of the total payments Seller has received from Buyer associated with RECs from such Designated System; and with respect to this Agreement, the sum of such calculation across all Designated Systems under this Agreement.

  • Notwithstanding any other provisions of this Agreement, in no event shall Seller be liable to Buyer, with respect to a Designated System, in an amount that exceeds the sum of the Collateral Requirement and one hundred and ten percent (110%) of the total payments Seller has received from Buyer associated with RECs from such Designated System; and with respect to this Agreement, the sum of such calculation across all Designated Systems under this Agreement.

  • Once a Designated System is Energized, the IPA shall prepare and complete Schedule B to the Product Order for such Designated System, which includes updated summary information related to the Designated System, and which shall be the basis for determining applicable payments under this Agreement.

  • Once a Designated System is removed pursuant to the terms of this Agreement, Schedule D to a Product Order is prepared to memorialize such removal and to provide information related to the predicate event that gave rise to the removal of that Designated System.


More Definitions of Designated System

Designated System shall have the meaning set forth in Section 3.5(e).
Designated System means a single physical system or single virtual instance as may be specified in any Quotation and/or Statement of Work or as may be agreed between the parties;
Designated System means a computer system under the physical and managerial control of the Licensee consisting of two or more processors locally interconnected by inter-processor bus cabling.
Designated System or “DSI” means the name of the MicroStrategy metadata that will be accessed by the Products specified in the Order.
Designated System means the particular computer system designated by type, serial number(s) and location on the applicable Order.
Designated System means a Customer System on which is installed the listed processor version of the referenced Product or a Combination (as defined in Additional Provision 684), to which one or more Maintenance Subscriptions are designated.
Designated System means a system that is designated by the Authority under section 3 to be a designated system for the purposes of this Act ;