REC Transaction definition

REC Transaction means a particular, specific transaction to purchase RECs agreed upon between the Parties as specified in a Confirmation Letter.
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REC Transaction means the purchase and sale of RECs carried out, settled, or otherwise facilitated by SRECTrade on behalf of User.
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Examples of REC Transaction in a sentence

  • If SRECTrade is not settling the REC Transaction between Buyer and Seller, each User-Buyer and User-Seller shall pay all Fees due to SRECTrade pursuant to the terms of the Engagement Letter entered into by and between each User and SRECTrade, or per the terms relevant transaction, or as otherwise agreed to by the Parties, as confirmed by an Invoice issued by SRECTrade to User.

  • Upon each delivery of RECs, Seller shall provide an invoice to Buyer in the amount applicable to each REC Transaction executed under the Confirmation Letter.

  • This Master Agreement and subsequent Confirmation Letters related to REC Transaction are made and entered into for the sole benefit of the Parties, and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, have any rights under, or have any direct or indirect cause of action or claim in connection with this Master Agreement.

  • Each Party shall be liable for all costs, fees, commissions or other payments due to brokers, agents or other intermediaries incurred by such Party (and shall indemnify and hold the other Party harmless from and against all such amounts) in connection with the drafting, consummation or performance of this Master Agreement or any REC Transaction hereunder.

  • Unless otherwise agreed in writing, Seller will send Buyer a Confirmation Letter, which may be in substantially the form attached hereto as Exhibit A, or as modified, to describe the specific RECs to be purchased in the REC Transaction.

  • Unless otherwise specified in the applicable Confirmation Letter (and to the extent not included in the purchase price), each Party shall bear the cost of any taxes imposed on such Party in relation to or arising out of such REC Transaction.

  • The monetary value of each REC Transaction will be set forth in the Confirmation Letter associated with that Transaction.

  • If an invoice is not rendered within twelve (12) months after the close of the month during which performance of a REC Transaction occurred, the right to payment for such performance is waived.

  • If the Parties opt to deviate from the Fees referenced herein for a specific Transaction, the Fees for that Transaction will be determined by the Parties at such time as a REC Transaction to sell or purchase the RECs is arranged by SRECTrade and shall be memorialized in writing in a separate fee schedule, Engagement Letter, or pursuant to a Transaction Confirmation, which shall specify the details of such Transaction(s).

  • If the Parties opt to deviate from the Fees referenced herein for a specific Transaction, the Fees for that Transaction will be determined by the Parties at such time as a REC Transaction to sell or purchase the RECs is arranged by ▇▇▇▇▇▇▇▇▇ and shall be memorialized in writing in a separate fee schedule, Engagement Letter, or pursuant to a Transaction Confirmation, which shall specify the details of such Transaction(s).

Related to REC Transaction

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • M&A Transaction means any acquisition, directly or indirectly, by a Project Holdco, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all or a portion of the Equity Interests of, or a business line or unit or a division of, any Person.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Strategic Transaction means a transaction or relationship in which the Company issues shares of Common Stock to an entity which is, itself or through its subsidiaries, an operating company in a business related to the business of the Company and in which the Company receives material benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital.

  • Acquisition Transaction means any transaction or series of transactions involving: