Examples of REC Annual Report in a sentence
This daily average will be based on Subscription start and end dates comprised of the day that a Subscription start or end request was submitted to the utility, as entered in the REC Annual Report.
If items on the REC Annual Report are deficient or require clarification, Buyer or the IPA may issue to Seller a written notice requesting clarification regarding such submission, and Seller must respond to such request by the deadline specified in such written notice, or by the extended deadline if an extension is requested by Seller and granted by the IPA.
It is Seller’s responsibility to ensure the accuracy and completeness of information contained in its REC Annual Report.
In no event will Seller be allowed to provide further clarification on its REC Annual Report after October 30 following such submission deadline of the REC Annual Report.
Seller shall submit to Buyer and the IPA a REC Annual Report substantially in the form of Exhibit C-3 by August 1 following the end of each Delivery Year for which this Agreement is effective.36 For avoidance of doubt, the REC Annual Report is required by Seller regardless of whether Seller has Designated Systems that are Energized or not.
As part of the REC Annual Report, Seller shall report on any Designated Systems that have not Delivered a first REC, and report on any Designated Systems that have not Delivered RECs for more than twelve (12) months from their previous Delivery, and in such case, detail the corrective actions that will be taken to ensure future Deliveries and the time for such REC Deliveries.
For purposes of this draw, the draw shall be delayed until after the conclusion of such cure period and the determination of the draw amount shall be communicated by the IPA to Buyer and Seller).31 This amount will be calculated in arrears for only the immediately preceding Delivery Year covered by the REC Annual Report.
For each Delivery Year after the issuance of the fourth (4th) Community Solar Quarterly Report submitted pursuant to Section 7.2, then, using the REC Annual Report submitted under Section 7.3 and at the same time as the calculations made under Section 5.2(c) to the extent applicable28: the Subscription share percentages of the Anchor Tenant and End Use Customers will each be calculated by the IPA as a daily average, then averaged over the Delivery Year.
Failure by Seller to submit its REC Annual Report by August 1 or respond to any request for clarifications that comply with the requirements of Exhibit C-3 by October 30 following such submission deadline is an Event of Default.