Facility Attributes definition

Facility Attributes has the meaning given in the Solar Project PPA. Monthly Energy Costs shall mean, with respect to each Month of each Contract Year, the product of (i) the Energy Price and (ii) the quantity of Solar Product delivered by Seller to FMPA. Point of Delivery shall mean the high side of the generator step-up transformer of the Solar Facility.
View Source
Facility Attributes means all ancillary products, services, capabilities or attributes which are or can be produced by or associated with the Project at any time during the Term.
View Source
Facility Attributes has the meaning given in the Solar PPA. Initial Energy Delivery Date shall have the meaning provided for in the Solar PPA.
View Source

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.


More Definitions of Facility Attributes

Facility Attributes means Buyer's Share of all ancillary products, services, capabilities or attributes which are or can be produced by or associated with the Project at any time during the Term.
View Source
Facility Attributes means any of the services identified by a Transmission Provider in its transmission tariff as “ancillary services” or any current or future capacity credits or similar accreditations for which the Facility qualifies, including energy imbalance services, generation imbalance services, regulation and frequency response services, reactive supply services, voltage control services, inadvertent energy flow services, control area services, system integration services, operating spinning reserve services, and operating supplemental reserve services.
View Source
Facility Attributes means the Capacity Benefits and Ancillary Services that the Facility is capable of producing.
View Source

Related to Facility Attributes

  • Green Attributes means any and all credits, benefits, emissions reductions, offsets, and allowances, howsoever entitled, attributable to the generation from the Project, and its avoided emission of pollutants. Green Attributes include but are not limited to Renewable Energy Credits, as well as: (1) any avoided emission of pollutants to the air, soil or water such as sulfur oxides (SOx), nitrogen oxides (NOx), carbon monoxide (CO) and other pollutants; (2) any avoided emissions of carbon dioxide (CO2), methane (CH4), nitrous oxide, hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride and other greenhouse gases (GHGs) that have been determined by the United Nations Intergovernmental Panel on Climate Change, or otherwise by law, to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere;1 (3) the reporting rights to these avoided emissions, such as Green Tag Reporting Rights. Green Tag Reporting Rights are the right of a Green Tag Purchaser to report the ownership of accumulated Green Tags in compliance with federal or state law, if applicable, and to a federal or state agency or any other party at the Green Tag Purchaser’s discretion, and include without limitation those Green Tag Reporting Rights accruing under Section 1605(b) of The Energy Policy Act of 1992 and any present or future federal, state, or local law, regulation or ▇▇▇▇, and international or foreign emissions trading program. Green Tags are accumulated on a MWh basis and one Green Tag represents the Green Attributes associated with one (1) MWh of Energy. Green Attributes do not include (i) any energy, capacity, reliability or other power attributes from the Project, (ii) production tax credits associated with the construction or operation of the Project and other financial incentives in the form of credits, reductions, or allowances associated with the project that are applicable to a state or federal income taxation obligation, (iii) fuel-related subsidies or “tipping fees” that may be paid to Seller to accept certain fuels, or local subsidies received by the generator for the destruction of particular preexisting pollutants or the promotion of local environmental benefits, or (iv) emission reduction credits encumbered or used by the Project for compliance with local, state, or federal operating and/or air quality permits. If the Project is a biomass or biogas facility and Seller receives any tradable Green Attributes based on the greenhouse gas reduction benefits or other emission offsets attributed to its fuel usage, it shall provide Buyer with sufficient Green Attributes to ensure that there are zero net emissions associated with the production of electricity from the Project.

  • Environmental Attributes excludes electric energy and capacity produced, but means any other emissions, air quality, or other environmental attribute, aspect, characteristic, claim, credit, benefit, reduction, offset or allowance, howsoever entitled or designated, resulting from, attributable to or associated with the generation of a renewable energy resource or low-carbon resource now or in the future eligible for procurement under Illinois law (See 20 ILCS 3855/1-56, 20 ILCS 3855/1-75, et seq.), whether existing as of the Effective Date or in the future, and whether as a result of any present or future local, state or federal laws or regulations or local, state, national or international voluntary program, as well as any and all generation attributes under any and all international, federal, regional, state or other law, rule, regulation, bylaw, treaty or other intergovernmental compact, decision, administrative decision, program (including any voluntary compliance or membership program), competitive market or business method (including all credits, certificates, benefits, and emission measurements, reductions, offsets and allowances related thereto) that are attributable, now or in the future; and further, means: (a) any such credits, certificates, benefits, offsets and allowances computed on the basis of the Designated System’s generation using renewable technology or displacement of fossil-fuel derived or other conventional energy generation; (b) any certificates or credits issued pursuant to the PJM-EIS GATS or M-RETS in connection with energy generated by the Designated System; and (c) any voluntary emission reduction credits obtained or obtainable by Seller in connection with the generation of energy by the Designated System; provided, however, that Environmental Attributes shall not include: (i) any production tax credits; (ii) any investment tax credits or other tax credits associated with the construction or ownership of the Designated System; or (iii) any state, federal or private grants relating to the construction or ownership of the Designated System or the output thereof.

  • Tax Attributes means net operating losses, capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period.

  • Input Tax Credit means the credit of input tax;