Common use of AND WARRANTIES Clause in Contracts

AND WARRANTIES. Each Party represents and warrants to the other (i) that it is an “eligible commercial entity” and “eligible contract participant” within the meaning of the Commodity Exchange Act; (ii) this transaction has been subject to individual negotiation by the Parties; and, (iii) all necessary steps have been taken to allow the Green Attributes to be transferred to Purchaser to be tracked in WREGIS. Seller further represents and warrants to Purchaser that: Seller has the right to sell the Product and holds the rights to Seller’s Entitlement Interest in all Product from the Generating Facilities; Seller has not sold the Product or any Green Attribute of the Product to be transferred to Purchaser to any other person or entity; Energy and Green Attributes to be purchased and sold pursuant to this Confirmation are not committed to another party; Seller represents and warrants that electricity from the Generating Facilities is available to be procured by Purchaser, and Seller is not currently selling and will not sell the electricity produced by the Generating Facilities back to the Generating Facilities; the Product is free and clear of all liens or other encumbrances; and it will cooperate and work with Purchaser, the CEC, and/or the CPUC to provide any documentation required by the CPUC or CEC to support the Product’s classification as a Portfolio Content Category 1 Product as set forth in California Public Utilities Code Section 399.16(b)(1). Furthermore, Seller hereby sells and conveys all Green Attributes associated with the Product produced from the Generating Facilities (other than resource adequacy attributes and ancillary services) to Purchaser as part of the Portfolio Content Category 1 Product being delivered.

Appears in 5 contracts

Samples: Bundled Renewable, Bundled Renewable Energy, Bundled Renewable Energy

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