Designated System Expected Maximum REC Quantity definition

Designated System Expected Maximum REC Quantity means, with respect to a Designated System, the number of RECs expected to be Delivered under this Agreement as of the Trade Date and shall be equal to the multiplicative product of (a) Proposed Nameplate Capacity (in MW), (b) Proposed Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC.
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Designated System Expected Maximum REC Quantity means, with respect to a Designated System, the number of RECs expected to be Delivered under this Agreement as of the Trade Date and shall be equal to the multiplicative product of
Sample 1Sample 2Sample 3
Designated System Expected Maximum REC Quantity means, with respect to a 2 For avoidance of doubt, the IPA endeavors to designate for the Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization; however, in the event that the IPA designates a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization, then the values for (a)(iv) and (b)(iv) shall be 13/12 and 167/12, respectively. Designated System, the number of RECs expected to be Delivered under this Agreement as of the Trade Date and shall be equal to the multiplicative product of (a) Proposed Nameplate Capacity (in MW), (b) Proposed Capacity Factor, (c) 8,760 hours and (d) 15 years, which result shall be rounded down to the nearest whole REC.
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More Definitions of Designated System Expected Maximum REC Quantity

Designated System Expected Maximum REC Quantity means, with respect to a Designated System, the number of RECs expected to be Delivered under this Agreement as of the Trade Date and shall be equal to the summation of the multiplicative product of (a) Proposed Nameplate Capacity (in MW), (b) Capacity Factor, (c) 8,760 hours for all Delivery Years, in which Delivery Years 2 -15 are degraded by 0.5% annually from the Delivery Year 1 Expected REC Quantityand (d) 15 years.” [Commenter 11: This formula does not account for 0.5% annual degradation, while the Exhibit F-1 does. Definition of such maximum REC quantity when applied over 15 year contract should reflect degradation accordingly, perhaps as suggested in redline, or similar.] The following is added as Section 1.23.1:
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Related to Designated System Expected Maximum REC Quantity

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