Drawdown Payment definition
Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d).
Drawdown Payment means, for a Delivery Year, (i) with respect to a Designated System that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (ii) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(e) of the Cover Sheet.” The following is added as Section 1.24.2:
Drawdown Payment means, with respect to a Designated System that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System.” The following is added as Section 1.24.2:
Examples of Drawdown Payment in a sentence
For avoidance of doubt, no Surplus RECs can be applied to a Drawdown Payment pursuant to Section 4.2(d).
Buyer shall include information on any Drawdown Payment amounts due pursuant to this Section 4.2(d) for a Delivery Year by written notice, which to the extent possible may be with the written notice specified in Section 4.2(c)(v)(A) above for that Delivery Year.
More Definitions of Drawdown Payment
Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d).
Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d). 1 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 value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively.
Drawdown Payment means, for a Delivery Year, (ia) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv)Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (ii, and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d)6(e) of the Cover Sheet..
Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections - , and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section . 1 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 value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively.
Drawdown Payment means, for a Delivery Year, (ia) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (iiSections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the 3 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 value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively. 4 NTD: IPA Act Section 1-75(c)(1)(K)(ii): “At least 20% from distributed renewable energy generation devices with a nameplate capacity of more than 25 kilowatts and no more than 5,000 kilowatts.” Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(e) of the Cover Sheet.4.2(d).
Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System 6 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 value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively. 7 NTD: IPA Act Section 1-75(c)(1)(K)(ii): “At least 20% from distributed renewable energy generation devices with a nameplate capacity of more than 25 kilowatts and no more than 5,000 kilowatts.” (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d).
Drawdown Payment means, for a Delivery Year, (i) with respect to a Designated System that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (ii) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(e) of the Cover Sheet.”