Yearly REC Amount definition

Yearly REC Amount means the amount of firm RECs for each Contract Year stated in Exhibit 18, as modified to reflect adjustments in the Supply Amount on a one REC to one MWh basis.
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Yearly REC Amount means the amount of firm RECs for each Contract Year stated in Exhibit 18, as modified to reflect adjustments in the Supply Amount on a one REC to one MWh basis. [See Note at 1.92 to be further considered.]
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Examples of Yearly REC Amount in a sentence

  • In no event shall reductions in the Supply Amount and Yearly REC Amount be allowed to accommodate sales of Product, Energy, RECs, or Renewable Energy Benefits to third parties.

  • On or before October 1 of each year, Supplier may reduce or increase the Supply Amount and/or Yearly REC Amount, provided that (i) the Average Annual Supply Amount shall not exceed the Average Annual Supply Amount for the First Full Contract Year as such may be modified in Section 3.6.1 and (ii) the Supply Amount may not be increased above the Maximum Amount, by providing notice of such to Buyer.

  • The Yearly REC Amount may only be reduced by up to the same percentage that the Average Annual Supply Amount is reduced and must always be equal to or greater than 85% of the Yearly REC Amount for the First Full Contract Year on the Effective Date.