Examples of PJM EIS GATS in a sentence
Seller or a designee of Seller, as transferor of the RECs, shall confirm the Standing Order request within the PJM-EIS GATS or M-RETS within thirty (30) days of the later of: the Designated System’s Date of Final Interconnection Approval or the Trade Date of the Product Order that includes the Designated System (or as soon as practicable in the case of a resumption of Delivery obligations under this Agreement following a Suspension Period, if applicable).
The Parties shall abide by the applicable rules of PJM-EIS GATS or M-RETS.
Seller shall upload meter readings to PJM-EIS GATS or M-RETS as necessary to allow for the issuance and Delivery of at least one (1) REC to meet the requirements set forth in Section 5.1(a) and at least annually prior to the registry cutoff to produce RECs for generation occurring in May as well as all previous months for which generation has not been recorded.
The Parties will use PJM-EIS GATS or M-RETS as selected by Seller as the tracking system for the Product.
Buyer, as transferee, shall accept the properly submitted Standing Order request within the PJM-EIS GATS or M-RETS within thirty (30) days of receipt of such properly submitted Standing Order request.
Each invoice, with respect to a Quarterly Payment Cycle, shall include: (a) the invoice amount, (b) the cumulative amount previously invoiced by Seller under such Quarterly Payment Cycle, (c) the Maximum Allowable Payment indicated in the most recent Quarterly Netting Statement for such Quarterly Payment Cycle, (d) the applicable PJM-EIS GATS and/or M-RETS Unit IDs of Designated Systems that have been Energized and (e) any unpaid amounts owed to Buyer by Seller as of the date of the invoice.
RECs may begin to transfer to Buyer’s PJM-EIS GATS or M-RETS account, as applicable, after Xxxxx accepts the properly submitted Standing Order request pursuant to Section 3.3(b)(i) above.
Xxxxx shall retire RECs Delivered from Designated Systems by the month after the receipt of such RECs in Xxxxx’s PJM-EIS GATS or M-RETS account.
The Parties shall work together to establish a Standing Order for a Designated System for the automatic recurring transfer of RECs to Xxxxx’s account in PJM-EIS GATS or M-RETS.
For avoidance of doubt, the Parties acknowledge the following: pursuant to the Standing Order, RECs may begin to transfer to Xxxxx’s PJM-EIS GATS or M-RETS account prior to the date of Energization.