Common use of Renewable Energy Credits Clause in Contracts

Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor with RECs from another Designated System. For avoidance of doubt, Xxxxx is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 3 contracts

Samples: Credit Purchase and Sale Agreement, Credit Purchase and Sale Agreement, Credit Purchase and Sale Agreement

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Renewable Energy Credits. (b)(a) The Product The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor with RECs from another a Designated System. For avoidance of doubt, Xxxxx is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 2 contracts

Samples: Renewable Energy Credit Agreement, Renewable Energy Credit Agreement

Renewable Energy Credits. (b)(a) The Product The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor with RECs from another a Designated System. For avoidance of doubt, Xxxxx Buyer is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 1 contract

Samples: Renewable Energy Credit Agreement

Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor or with RECs from another Designated System. For avoidance of doubt, Xxxxx is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 1 contract

Samples: Credit Purchase and Sale Agreement

Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor with RECs from another a Designated System. For avoidance of doubt, Xxxxx is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 1 contract

Samples: Renewable Energy Credit Agreement

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Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor with RECs from another Designated System. For avoidance of doubt, Xxxxx is Buxxx xs not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 1 contract

Samples: Credit Purchase and Sale Agreement

Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor or with RECs from another Designated System. For avoidance of doubt, Xxxxx Buyer is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Renewable Energy Credits. The Product to be Delivered by Seller and received by Buyer under this Agreement is RECs generated from a Designated System, for which summary information is specified in a Product Order. Seller may not substitute RECs to be generated from a given Designated System with RECs from another generator other than aor with RECs from another a Designated System. For avoidance of doubt, Xxxxx Buyer is not purchasing Seller’s Designated System and where this Agreement provides for the removal of a Designated System from this Agreement, it is understood that it is Seller’s right to Deliver RECs and to receive payment for RECs associated with such Designated System that are being removed from this Agreement.

Appears in 1 contract

Samples: Renewable Energy Credit Agreement

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