Examples of REC Supplier in a sentence
In the event REC Supplier defaults under, or terminates, the RPA prior to the termination of this ESA, Competitive Supplier shall procure and provide Replacement RECs for the continuing term of the ESA sufficient to support the Municipality’s opt-out and opt-in programs as described in Exhibit A of the RPA.
Competitive Supplier shall include the REC’s purchased from the REC Supplier in the All Requirements Power Supply to be provided to the Municipality under the ESA.
Pursuant to the RPA, REC Supplier will provide, and Competitive Supplier will purchase, renewable energy certificates (RECs) in a quantity sufficient to support the Municipality’s opt-out and opt-in programs as described in Exhibit A of the RPA.
Replacement RECs – Renewable Energy Certificates (RECs) to be provided by the Competitive Supplier in the event the REC Supplier defaults under, or terminates, the REC Purchase Agreement prior to termination of the ESA as provided in Article 8.2.
REC Supplier also agrees not to engage in any direct marketing to any customer that relies upon REC Supplier’s unique knowledge of, or access to, customers’ data gained as a result of this Agreement.
The Parties acknowledge that REC Supplier has represented that it is recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and that REC Supplier desires to enter into this Agreement in order to further its tax-exempt purposes.
REC Supplier shall not be responsible for providing RECs necessary for Purchaser to meet RPS requirements.
If a Party supplies data to the other Party, then upon request, the Party who received such data shall immediately return to REC Supplier all data (including the Program Materials, contracts, specifications, files, lists, books, reports, computer files, records, videos, notes, computer programs, data storage and other items) furnished to it.
Purchaser may not sublicense its rights under this Section 15.2. REC Supplier may use Purchaser’s business name and trade name as necessary to offer and implement the Program, provided that Purchaser shall review any material that uses Purchaser’s business and/or trade name prior to release by REC Supplier, and provided further that any such use of Purchaser’s business and/or trade name shall be subject to Purchaser’s prior written consent, which consent may be withheld in Purchaser’s sole discretion.
Upon the effective date of termination of the Agreement, all rights and obligations of the Parties shall cease, including, but not limited to, all rights granted to REC Supplier and Purchaser under Section 15.2 (Use of Business Names and Program Name).