Common use of Purchase and Sale Obligation Clause in Contracts

Purchase and Sale Obligation. A. You hereby agree to sell and deliver to Us, and We hereby agree to purchase and take delivery of, the SRECs produced from Seller’s Project as and when such SRECs are created by, and through, the actual generation of one (1) megawatt hour of electricity by Seller’s Project, as registered on the SREC Meter or as otherwise provided herein, during the Term of this Agreement (the “Transferred SRECs”).

Appears in 3 contracts

Samples: Solar Renewable Energy Certificate Purchase and Sale Agreement, Solar Renewable Energy Certificate Purchase and Sale Agreement, Solar Renewable Energy Certificate Purchase and Sale Agreement

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Purchase and Sale Obligation. A. You hereby agree to sell and deliver to Us, and We hereby agree to purchase and take delivery of, the SRECs produced from Seller’s Project as and when such SRECs are created by, and through, the actual generation of one (1) megawatt hour of electricity by Seller’s Project, as registered on the SREC Meter or and as otherwise provided hereinreported to PJM-EIS-GATS, during the Term of this Agreement Delivery Period (the “Transferred SRECs”).

Appears in 2 contracts

Samples: Certificate Purchase and Sale Agreement, Certificate Purchase and Sale Agreement

Purchase and Sale Obligation. A. You hereby agree to sell and deliver to Us, and, subject to Section 8, Section 9, Section 10, and Section 11 below, We hereby agree to purchase and take delivery of, the SRECs produced from Seller’s Project as and when such SRECs are created by, and through, the actual generation of one (1) megawatt hour of electricity by Seller’s Project, as registered on the SREC Meter or and as otherwise provided hereinreported to PJM-EIS-GATS, during the Term of this Agreement Delivery Period (the “Transferred SRECs”).

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Purchase and Sale Obligation. A. You hereby agree to sell and deliver to Us, and We hereby agree to purchase and take delivery of, the SRECs produced from Seller’s Project as and when such SRECs are created by, and through, the actual generation of one (1) megawatt hour of electricity by Seller’s Project, as registered on the SREC Meter or as otherwise provided herein, during the Term of this Agreement (the “Transferred SRECs”).

Appears in 1 contract

Samples: Solar Renewable Energy Certificate Purchase and Sale Agreement

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