Facility Attributes definition
Examples of Facility Attributes in a sentence
Buyer and Seller acknowledge and agree that the consideration for the transfer of Renewable Attributes and Facility Attributes is contained within Contract Price.
At Buyer’s request, the Parties shall execute and deliver such documents and instruments as may be reasonably required to effect recognition and transfer of the Renewable Attributes and Facility Attributes to Buyer.
For the avoidance of doubt, title to all Environmental Attributes associated with the Committed Energy shall remain with Seller following the delivery of the Committed Energy at the Delivery Point and, to the extent that Facility Attributes are available or become available during the Term, Seller shall have the exclusive right to all Facility Attributes associated with or available from the Facility during the Term.
Buyer and Seller acknowledge and agree that the consideration for the transfer of Buyer’s Renewable Attributes and Buyer’s Facility Attributes is contained within Contract Price paid for the Buyer’s Product.
Seller agrees to transfer and make such Buyer’s Renewable Attributes and Buyer’s Facility Attributes available to Buyer immediately to the fullest extent allowed by Applicable Law upon Seller’s production or acquisition of the Buyer’s Renewable Attributes and Buyer’s Facility Attributes.
Seller shall not assign, transfer, convey, encumber, sell or otherwise dispose of all or any portion of such Renewable Attributes and Facility Attributes to any Person other than Buyer.
Seller agrees to transfer and make such Renewable Attributes and Facility Attributes available to Buyer immediately to the fullest extent allowed by Applicable Law upon Seller’s production or acquisition of the Renewable Attributes and Facility Attributes.
Seller shall not report to any Person that any of the Renewable Attributes and Facility Attributes are owned by or belong to any Person other than Buyer.
The obligations of the Parties hereunder, including those obligations set forth herein regarding the sale, purchase and price for and Seller's obligation to generate and deliver Buyer’s Delivered Energy, Buyer’s Renewable Attributes, and Buyer’s Facility Attributes, shall be effective regardless of whether the generation of Product or sale and delivery of any Delivered Energy from the Project is eligible for, or receives Tax Attributes or to qualify for accelerated or bonus depreciation during the Term.
Seller shall not assign, transfer, convey, encumber, sell or otherwise dispose of all or any portion of such Buyer’s Renewable Attributes and Buyer’s Facility Attributes to any Person other than Buyer.