Surplus REC Account definition

Surplus REC Account means, with respect to this Agreement, a virtual account tracked by the IPA, that contains Surplus RECs from Designated Systems included in this Agreement across all Transactions.
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Surplus REC Account means, with respect to a Designated System, an account tracked by the IPA, that contains Surplus RECs from such Designated System that are held by Buyer.
Sample 1Sample 2Sample 3

Examples of Surplus REC Account in a sentence

  • For avoidance of doubt, in the event of a direct assignment by Seller, Surplus RECs shall remain associated with this Agreement; provided, that if Seller is transferring this Agreement in its entirety (with all remaining Product Orders thereunder), then in such instance the Surplus RECs would also transfer and such assignee would assume such Surplus REC Account with respect to this Agreement.

  • Any Surplus RECs remaining in the Surplus REC Account with respect to such Designated System shall be returned from Buyer to Seller.

  • For purpose of calculating the refund, Surplus RECs from the Surplus REC Account shall be reduced and applied to the RECs that are associated with a Drawdown Payment, starting with the REC with the lowest Contract Price, REC for REC.

  • Surplus RECs are virtually tracked in the Surplus REC Account and shall remain, except as provided in Section 13.1, in such account until a reduction in such Surplus RECs is recorded by the IPA to meet a Delivery Year Shortfall Amount.

  • Upon the conclusion of the annual review process pursuant to Section 4.2(c) above for the last Delivery Year under this Agreement, if (i) there are Surplus RECs remaining in the Surplus REC Account and (ii) a Drawdown Payment calculated under Section 4.2(c)(iv) above has occurred during the Term of this Agreement, then the IPA shall calculate a monetary refund adjustment due to Seller from Buyer.

  • Both the Mpumalanga and Limpopo Mistbelt Forest subgroups are classified under the Northern Mistbelt Forest Group (Mucina and Rutherford 2006).

  • Upon the conclusion of the annual review process pursuant to Section 4.2 above for the last Delivery Year in the Delivery Term of a Designated System, if there are Surplus RECs remaining in the Surplus REC Account of such Designated System, all Surplus RECs remaining in the Surplus REC Account of such Designated System shall be returned from Buyer to Seller within sixty (60) days of the conclusion of the Delivery Year following the conclusion of the last annual review process for such Designated System.

  • Step 3 is done at the end of the Delivery Year to calculate the number of Surplus RECs in the Surplus REC Account for future Delivery Years.

  • BBBEE Status: 10.Bid documents shall be collected at no charge from the CDC’s Main Office, Coega Business Centre, Cnr Alcyon Rd and Zibuko Street, Zone 1, Coega IDZ, Port Elizabeth from Monday, 29th April 2013 and shall be available to be downloaded from the CDC website, www.coega.com.

  • Upon the conclusion of the annual review process pursuant to Section 6(d) above for the last Delivery Year under this REC Contract, if (i) there are Surplus RECs remaining in the Surplus REC Account and (ii) a Drawdown Payment calculated under Section 6(d)(iv) above has occurred during the Term of this REC Contract, then the IPA shall calculate a monetary refund adjustment due to Seller from Buyer.

Related to Surplus REC Account

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Collection Accounts As defined in Section 3.10(a).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Investment Account As defined in Section 3.12(a).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Financial Account means an account maintained by a Financial Institution, and includes:

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.