Solar Units definition

Solar Units means the photovoltaic arrays, mirrors, lenses, tracking devices and other equipment necessary for the Solar Facility to collect sunlight at the Site and convert it into electricity or thermal energy. The manufacturer and model number of the Solar Units will be identified on Exhibit C – Facility Description and Site Maps.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Solar Units means the photovoltaic arrays, tracking devices, inverters, transformers, and other equipment necessary for the Project to collect sunlight at the Site and convert it into electricity. One Solar Unit includes all equipment associated with each inverter.

Solar Units means the photovoltaic arrays, tracking devices, inverters, transformers, and other equipment necessary for the Project to collect sunlight at the Site and convert it into electricity. One Solar Unit includes all equipment associated with a single inverter.

Examples of Solar Units in a sentence

• Participant acknowledges that, except to the extent specifically stated herein, Olympia Community Solar has NOT made any representation, warranty or promise with respect to any aspect of the performance, condition, value, risks or likelihood of success of the Program or the Solar Unit(s).

• The Transferee will receive all prospective rights and benefits associated with the assigned Solar Unit(s).

• Participant acknowledges and agrees that the Solar Unit(s) are made available as is, where is, and without warranty.

• Upon Participant request and subject to the approval of OCS, and subject to state and federal law regarding transfers, the Solar Units can be transferred to a person or business that meets the eligibility requirements of this agreement.

• Participant may not pledge or hypothecate the Solar Unit(s) as security for repayment of any purpose.

• In consideration of Participant’s payment of the Participation Fee, and subject to all the terms and conditions set forth herein and the Project Company Agreement, the Participant shall receive an annual distribution, which shall be based on the energy generated by the Solar Unit(s) purchased by the Participant after accounting for expenses.

• The value of the Annual Distribution for that year is the value of the solar power divided by the number of Solar Units for the project.

• Participant may NOT pledge or hypothecate the Solar Unit(s) as security for repayment of any purpose.

• The successor Participant will receive all prospective rights and benefits associated with the assigned Solar Unit(s), with the exception that they cannot transfer the Solar Unit(s) to subsequent successor Participants.

• The successor Participant will receive all prospective rights and benefits associated with the assigned Solar Unit(s), including the Incentive Payments payable following the date of termination.

More Definitions of Solar Units

Solar Units means the photovoltaic arrays, tracking devices, inverters, transformers, and other equipment necessary for the Project to collect sunlight at the Site and convert it into electricity. One Solar Unit includes all equipment associated with a single inverter. “Subscribed Energy” means electricity, measured in kilowatt-hours, generated by a Project and delivered to Company on or after the first day of the calendar month following Commercial Operation Date that is subject to a Subscriber’s Allocation. “Subscriber” shall mean the retail electric service customer of the Company who meets the definition of a Subscriber under the Community Solar Act and: (a) has subscribed for the Project; (b) the Subscription is attributed to one or more premises served by Company where it is the customer of record; (c) has entered into a subscription agreement with the Subscriber Organization; (d) is identified in the Billing Data by the Subscriber Organization to the Company as a Subscriber for the Project, and (e) is a Qualifying Subscriber. “Subscriber Organization” has the meaning set forth in the Preamble. “Subscriber Organization Excused Hours” means those hours during which Subscriber Organization is unable to schedule or deliver Photovoltaic Energy to Company as a result of: (a) a Scheduled Maintenance Outage, (b) a Force Majeure Event, or (c) any breach or failure by Company to perform a material obligation under this Agreement (other than due to a breach by Subscriber Organization of its obligations under this Agreement). “Subscriber Organization Forced Outage” means an unplanned reduction, interruption or suspension not associated with Subscriber Organization Excused Hours of all or a portion of Photovoltaic Energy deliveries from the Project to the Point of Delivery. 317 REGIONAL VICE PRESIDENT – X REGULATORY & PRICING