Utility Credits definition

Utility Credits means the value in dollars of the Energy Output in any Billing Cycle determined by the Utility with reference to the applicable components of the Value Stack (as defined in the VDER Program Orders, including any successor compensation mechanism) and any other Applicable Law and the applicable Program Tariff, as applied to the Accounts, and set forth on an invoice received by the Purchaser from the Utility for the applicable Billing Cycle.
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Utility Credits means the monetary value measured in dollars of the Energy output (in kWh) of the Solar Facility in a Billing Cycle, determined in accordance with the VDER Program Orders (including all applicable components of the Value Stack (as defined in the VDER Program Orders)) and all other Applicable Legal Requirements, and set forth on an invoice received from the LEDC for the applicable Billing Cycle, which invoice shall be conclusive evidence of the Utility Credits absent manifest error or change in Applicable Legal Requirements.
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Examples of Utility Credits in a sentence

  • Notwithstanding anything to the contrary in this Agreement, Buyer shall (a) have no obligation hereunder to purchase any Utility Credits in excess of the Buyer Percentage, (b) have no liability to Seller or any other Person for any failure by Seller to sell, transfer or allocate the CS Percentage to the CS Buyers, or (c) for any default of any nature by any CS Buyers.

  • For each Billing Cycle, Buyer shall pay Seller the Buyer Percentage of the Utility Credits generated by the Solar Energy Facility for such Billing Cycle, multiplied by ninety percent (90%).

  • Buyer shall also provide Seller, upon request therefor, with any other information reasonably necessary to permit Seller to verify the Utility Credits allocated to the Buyer’s Accounts.

  • The Client shall carry out tests and control the quantity and quality of the delivered Products at the delivery.

  • Among other things, Buyer shall not, and shall not cause or permit any other Person to, modify, cancel or impair the Utility Credit Application and the allocation of Utility Credits to Buyer’s Accounts without the prior written approval of Seller Buyer’s acknowledges and agrees that its obligation to perform under this Agreement is not conditioned upon the financial solvency of the LEDC, nor shall the financial condition of the LEDC be a basis for Buyer to terminate this Agreement.

  • As between Buyer and Seller, Seller shall have sole title to the Solar Energy Facility and the Energy generated by the Solar Energy Facility, along with any Reserved Environmental Attributes and Renewable Energy Incentives generated or associated with the Solar Energy Facility, or the Energy generated by the Solar Energy Facility, and not included in or made part of the Utility Credits.

  • Subject to Applicable Legal Requirements, Buyer shall provide Seller access to Buyer’s Accounts solely for purposes of verifying the Utility Credits that are allocated to Buyer’s Account.

  • The Parties understand and agree that it is an essential purpose of this Agreement that Seller be eligible to allocate Utility Credits to Buyer’s Accounts, and that Buyer be eligible to receive, use and compensate Seller for such allocated Utility Credits, all as set forth herein.

  • Seller is responsible for any and all Governmental Charges attributable to the Solar Energy Facility, and is responsible for any and all Governmental Charges attributable to the allocation and sale of Utility Credits to Buyer.

  • Delinquent Sewer Rental and/or Solid Waste/Stormwater Utility Credits for February 2009.

Related to Utility Credits

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Utility line means any item of public or private property which is buried or placed below ground

  • Emission Reduction Credits or “ERC(s)” means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Utility facility means any pipe, pipeline, duct, wire line, conduit, pole, tower, equipment or other structure used for one of the following:

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Utility Service means a service, the terms and conditions of which are regulated by the AUC, and includes services for which an individual rate, joint rate, toll, fare, charge or schedule of them, have been approved by the AUC.

  • Credits means the Federal and State Housing Tax Credit program.

  • Utility means the Project if the Project is or upon completion of construction of the Project, will be a facility which generates revenues from fees, charges or taxes associated with the use of the facility.

  • Utility Services means physical plant including but not limited to pipes, valves, conduits, cables, terminals, transformers, etc. owned and operated by communications, television, hydro, gas and oil companies or any other utility companies.

  • Service Level Credit is defined in Section 8.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Utility system means a water system, solid waste

  • Utility Facilities means all personal property and real property owned or controlled by Utility, including Poles.

  • utility structure means transmission and distribution lines

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • Service credit year means an accumulation of months of

  • Utility pole means a pole that provides:

  • Electric System Upgrades means any Network Upgrades, Distribution Upgrades, or Interconnection Facilities that are determined to be necessary by the CAISO or Participating Transmission Owner, as applicable, to physically and electrically interconnect the Project to the Participating Transmission Owner’s electric system for receipt of Energy at the Point of Interconnection (as defined in the CAISO Tariff) if connecting to the CAISO Grid, or the Interconnection Point, if connecting to a part of the Participating TO’s electric system that is not part of the CAISO Grid.

  • Utility vehicle means a motor vehicle that is (i) designed for off-road use, (ii) powered by an

  • Drainage system means one or more artificial ditches, tile drains or similar devices which collect surface runoff or groundwater and convey it to a point of discharge.

  • Resource Adequacy Benefits means the rights and privileges attached to the Facility that satisfy any entity’s resource adequacy obligations, as those obligations are set forth in any Resource Adequacy Rulings and shall include any local, zonal or otherwise locational attributes associated with the Facility.

  • Utilities means public sanitary and storm sewers, natural gas, telephone, public water facilities, electrical facilities and all other utility facilities and services necessary for the operation and occupancy of the Property as a hotel.

  • Sewerage system means pipelines or conduits, pumping stations, and force mains, and all other

  • Utility Reservations means Seller’s interest in the right to receive immediately on and after Closing and continuously consume thereafter water service, sanitary and storm sewer service, electrical service, gas service and telephone service on and for the Land and Improvements in capacities that are adequate continuously to use and operate the Improvements for the purposes for which they were intended, including, but not limited to (i) any right to the present and future use of wastewater, drainage, water and other utility facilities to the extent such use benefits the Real Property, (ii) any reservations of or commitments covering any such use in the future, and (iii) any wastewater capacity reservations relating to the Real Property. Buyer shall be responsible for any requests or documents to transfer the Utility Reservations, at Buyer’s sole cost and expense.

  • Prudent Electrical Practices means those practices, methods and acts that would be implemented and followed by prudent operators of electric energy generating facilities in the Western United States, similar to the Facility, during the relevant time period, which practices, methods and acts, in the exercise of prudent and responsible professional judgment in the light of the facts known at the time the decision was made, could reasonably have been expected to accomplish the desired result consistent with good business practices, reliability and safety. Prudent Electrical Practices shall include, at a minimum, those professionally responsible practices, methods and acts described in the preceding sentence that comply with manufacturers’ warranties, restrictions in this Agreement, and the requirements of Governmental Authorities, WECC standards, the CAISO and Laws. Prudent Electrical Practices also includes taking reasonable steps to ensure that: