Retail Member definition
Examples of Retail Member in a sentence
Each of the BCR Entities and BCR Individuals hereby appoints BR Retail Member, LLC (sometimes referred to in this Agreement as the “BCR Representative”) as its representative for all purposes of this Agreement and the transactions contemplated hereby, including signing the Master III Operating Agreement, Interest Contribution Agreements, Interest Transfer Agreements, Tax Protection Agreement, Registration Rights Agreement and other agreements and documents contemplated by this Agreement.
The Retail Member may not transfer, assign, convey, sell or donate this Agreement to any other person unless EKPC and the Cooperative have both provided their express written consent to such action.
The Retail Member may purchase renewable energy from Cooperative up to an amount equal to the Retail Member’s average annual energy consumption over the previous three (3) calendar years.
The Retail Member may choose the type(s) of renewable resource from which the renewable energy sold hereunder shall be generated.
Buyer acknowledges that Northwest Retail Member, L.L.C. and/or Northwest Retail Associates, L.L.C., the entities directly or indirectly comprising Seller (collectively, "SELLER MEMBER"), may be assigned all or a portion of Seller's rights under this Agreement in order that Seller Member may sell a portion of the Property outright or as part of an IRC Section 1031 tax deferred exchange.
The Retail Member may not request or designate that the renewable energy purchased hereunder be acquired from any particular generation facility.
EKPC and Cooperative agree to provide Retail Member with reasonable updates in the event of any changes in the availability of renewable energy purchased pursuant to this Agreement.
In the event the Retail Member has not yet consumed power provided by Cooperative for at least three years, the Retail Member’s actual usage shall be used to calculate an average annual energy consumption amount.
The Retail Member shall receive a monthly credit on its retail power bill in an amount equal to the lesser of: (1) the avoided cost of: (a) base fuel and fuel adjustment clause per MWh of ▇▇▇▇ ing hereunder to cas er billed amount.
Retail Member understands and acknowledges that the generation of renewable energy and the sale of renewable energy is dependent upon numerous factors, including many which are beyond the control of EKPC and the Cooperative.