REC Contract definition

REC Contract means a contract for the purchase of RECs and/or the related Reporting Rights.
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REC Contract means a contract for the purchase of RECs and/or the related Reporting Rights. “REC Contract Consent” shall mean for each REC Contract entered into by the Borrower, Fund IV Holdco or a Wholly-Owned Opco requiring the consent of the REC Purchaser for the collateral assignment of such contract to the Collateral Agent, a consent to collateral assignment in form and substance satisfactory to the Administrative Agent and the Collateral Agent. “REC Purchaser” shall mean the purchaser of RECs and/or the related Reporting Rights under a REC Contract. “Recapture End Date” shall mean, in respect of any Opco, the end of the applicable Recapture Period for the last Project owned or leased by such Opco to be Placed in Service. “Recapture Period” shall mean, in respect of a Project, the period from the Closing Date through the fifth anniversary of the date that the applicable Project is Placed in Service. “Recipient” shall mean (a) an Agent, (b) any Lender, (c) an Issuing Bank, or (d) any other Secured Party, as applicable. “Register” shall have the meaning given to such term in Section 11.05(c). “Reimbursement Date” shall have the meaning set forth in Section 2.02(c)(ii). “Related Party” shall mean, with respect to any Person, each of such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. “Release” shall mean any disposing, discharging, injecting, spilling, leaking, leaching, dumping, pumping, pouring, emitting, escaping, emptying, seeping, migrating, placing and the like, into, under, through or upon any land or water or air, or otherwise entering into the environment, or the threat thereof. “Relevant Member Action” means, with respect to any matter relating to the Tax Equity Opco with respect to which the organizational documents of such Tax Equity Opco (or any
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REC Contract means an agreement between [***] and the Target Company for [***], which agreement shall include the following “REC Contract Execution Date” means the date on which the REC Contract is executed.
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Examples of REC Contract in a sentence

  • The Seller acknowledges and agrees that any Environmental Attribute associated with or related to the Product, including without limitation any verified emissions reduction, (or the Product itself) will not be sold or otherwise made available to a third party but will be sold to Buyer pursuant to this REC Contract.

  • Except as expressly amended hereby, all terms and conditions of the REC Contract remain in full force and effect.

  • Electronic copies of executed original copies of the REC Contract shall be sufficient and admissible evidence of the content and existence of the REC Contract to the same extent as the originally executed copy or copies (if executed in counterpart).” Confidentiality is applicable and Section 9.7 shall apply.

  • Terms not defined herein shall have the meanings given to them in the REC Contract dated , 20 (as amended, modified or extended from time to time, the “Agreement”), between the Guaranteed Party and , a organized and existing under the laws of (the “Seller”).

  • Any attempted assignment in violation of this provision will be void ab initio.” Subsection (h) of Section 9.5 is amended by adding the following sentence to the end thereof: “Delivery of an executed counterpart of a signature page to the REC Contract by electronic means shall be effective as delivery of a manually executed counterpart of the REC Contract.

  • For purposes of the definitions contained in the Master REC Agreement, this REC Contract shall constitute the “Cover Sheet,” and the date the ICC approves a Transaction shall constitute the “Trade Date” indicated in the Product Order for such Transaction.

  • Beneficiary”) and [Account Party’s Name] (“Account Party”), as the same may be amended (the “REC Contract”)) has occurred and is continuing with respect to Account Party under the REC Contract and no Event of Default has occurred and is continuing with respect to the Beneficiary of this Letter of Credit.

  • Unless earlier terminated pursuant to the terms of this REC Contract, the “Term” of this REC Contract shall be from the date first written above until payment for the last Delivery of Product hereunder.

  • The Illinois RPS program is the Applicable Program for this REC Contract.

  • For purposes of the definitions contained in the Master REC Agreement, this REC Contract shall constitute a “Transaction” and the “Cover Sheet” and the “Effective Date” shall constitute the “Trade Date”.


More Definitions of REC Contract

REC Contract means a contract for the purchase of RECs and/or the related Reporting Rights. [***] 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 REC Contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Privatization contract or “contract” means an agreement or

  • Project Contract means any agreement or agreements for the design, development, acquisition, installation, implementation and construction of all or a substantial part of the Project by and between a Contractor and the Recipient.

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Charter contract means a fixed term, renewable contract between a charter school and an authorizer that outlines the roles, powers, responsibilities, and performance expectations for each party to the contract.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Construction Contract means the agreement(s) entered into between the Company and the Construction Contractor(s) for the design, engineering, procurement, construction, completion, start-up, testing, and Commissioning of the Facility, and also includes any amendment to such agreement(s) made from time to time;

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Standard Contract means a contract concerning a wholesale energy product admitted to trading at an organised market place, irrespective of whether or not the transaction actually takes place on that market place;

  • Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Construction management contract means a contract in which a party is retained by the owner to

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • Cost-reimbursement contract means a contract under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms and the provisions of this code, and paid a fee, if any.