Excess RECs definition

Excess RECs is defined in Section 4.1(i).
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Excess RECs is defined in Section 4.1(j).
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Excess RECs is defined in Section 5.1(i).
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Examples of Excess RECs in a sentence

  • For the avoidance of doubt, Seller’s rights with respect to Excess RECs are as set forth in this section and no further actions are required in order for Seller to retain and, at Seller’s sole discretion, utilize Excess RECs to satisfy a subsequent Delivery Year Requirement hereunder.

  • Seller may, at its sole discretion, Deliver such Excess RECs to Buyer during any subsequent Delivery Year to satisfy such subsequent Delivery Year Requirement or, in the last Delivery Year, above the applicable Delivery Year Requirement (subject to the payment cap set forth in Section 5.2), in each case so long as such RECs satisfy all applicable requirements of this Agreement.

  • For the avoidance of doubt, ▇▇▇▇▇▇’s rights with respect to Excess RECs are as set forth in this section and no further actions are required in order for Seller to retain and, at Seller’s sole discretion, utilize Excess RECs to satisfy a subsequent Delivery Year Requirement hereunder.

  • The invoice shall specify separately for each Vintage of RECs Delivered in the Delivery Month: the Delivery Month in which the REC Deliveries were made; the applicable REC Monthly Price(s); the quantity of RECs Delivered by Vintage; the invoice amount to be paid; Excess RECs Delivered in the Delivery Month to be returned to Seller (if the Delivery Year Requirement has been met); and the Tracking System unit ID for the Project.

  • Seller may, at its sole discretion, Deliver such Excess RECs to Buyer during any subsequent Delivery Year to satisfy such subsequent Delivery Year Requirement or, in the last Delivery Year, above the applicable Delivery Year Requirement (subject to the payment cap set forth in Section 2.2 of the Master REC Agreement), in each case so long as such RECs satisfy all applicable requirements of this REC Contract.

  • In the event that the Delivery Year Requirement for a Delivery Year has been met and Excess RECs are Delivered to Buyer such Excess RECs shall be disposed pursuant to Section 3.3(f).

  • For avoidance of doubt, such Excess RECs cannot be applied to any subsequent Delivery Year to satisfy such subsequent Delivery Year Requirement and are not eligible for payment by Buyer under any circumstance.

  • In the event that Excess RECs are Delivered to Buyer, Seller provide written notice to Buyer informing of such transfer within sixty (60) days of such transfer.

  • For avoidance of doubt, such Excess RECs cannot be applied to any subsequent Delivery Year to satisfy such subsequent Delivery Year Requirement and are not eligible for payment by Buyer except as provided in Section 3.3(f)(ii).

  • If the Standing Order is for the recurring transfer of only a portion of the RECs from the Project, Seller may Deliver any Excess RECs to Buyer via a manual transfer of RECs in PJM EIS GATS or M-RETS.


More Definitions of Excess RECs

Excess RECs. Shall have the meaning described in Section 2.01 of this Agreement.
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Excess RECs means for any applicable Vintage, any RECs that (a) have been purchased by the Borrower pursuant to Borrower REC Purchase Agreements, (b) have been generated by Projects for such Vintage and deposited into the account of the Borrower and (c) are in excess of the number of RECs required to be delivered pursuant to all Borrower REC Sale Agreements in respect of such Vintage.
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Excess RECs means for any applicable Vintage, any RECs that (a) have been purchased by the Borrower pursuant to Borrower REC Purchase Agreements, (b) have been generated by Projects for such Vintage and deposited into the account of the Borrower and (c) are in excess of the number of RECs required to be delivered pursuant to all Borrower REC Sale Agreements in respect of such Vintage. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
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Related to Excess RECs

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Excess Cash Flow Payment Date means the date occurring ten (10) Business Days after the date on which the Borrower’s (or Parent Company’s) annual audited financial statements are required to be delivered pursuant to Section 9.01(b) (or Section 9.01(c)) (commencing with respect to the fiscal year ending December 31, 2021).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Excess Amount has the meaning set forth in Section 13.