Acceptable Vintage Period definition

Acceptable Vintage Period means the period in which the applicable electricity generation associated with a REC must occur for such REC to be eligible for payment, and shall be the period starting on the first day of the Earliest Vintage Month and ending on the last day of the Latest Vintage Month.
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Examples of Acceptable Vintage Period in a sentence

  • The Parties acknowledge that the Agreement allows for the Delivery of RECs from an Acceptable Vintage Period of a maximum total period of 241 months (excluding any Suspension Periods during which the Parties’ obligations are suspended as provided herein).

  • Seller shall, on a monthly basis, provide to Buyer and the IPA (i) hourly MWh generation data applicable to the Project and (ii) hourly real time locational marginal prices at the applicable hub indicated in the Product Order (either PJM-NIHUB or MISO-IL) for each calendar month of the Acceptable Vintage Period within five (5) Business Days after the conclusion of such Vintage month.

  • Buyer and Seller shall work together to remove the Standing Order within ten (10) Business Days after the last Delivery of RECs has occurred for the Acceptable Vintage Period.

  • The Standing Order shall be for the automatic recurring transfer of all RECs associated with a Vintage within the Acceptable Vintage Period.

  • Payment shall be made only for RECs that have been Delivered by Seller to Buyer of Vintages that are in the Acceptable Vintage Period.

  • Seller shall provide written request to Buyer for the revocation of the Standing Order no earlier than thirty (30) days prior to the end of the Acceptable Vintage Period (or as soon as practicable in the case of an early termination of this Agreement) and Buyer shall revoke the Standing Order within thirty (30) days of receipt of such request.

  • No payment shall be due for any REC(s) that are associated with the generation of electricity that occurred outside the Acceptable Vintage Period (such RECs, “Ineligible RECs”).

  • For example, if the Latest Vintage Month is May 2042, then the Delivery Term shall end on August 31, 2042 so as to accommodate the Delivery of RECs associated with the last month of the Acceptable Vintage Period.

  • Unless set forth herein, Buyer is not responsible for, and is under no obligation to return, any inadvertent transfer of RECs, including but not limited to, the Delivery of RECs that is outside of the Acceptable Vintage Period.

  • For avoidance of doubt, and notwithstanding the foregoing, only RECs associated with electricity generation that occurred within the Acceptable Vintage Period shall be eligible for payment in accordance with Section2.1(c).

Related to Acceptable Vintage Period

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the second full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods.

  • Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

  • Notification Period has the meaning given to such term in Clause 3.10(b) or 3.10(c) of the Gold Bullion Terms, as the case may be.

  • Off-Peak Period means the period during which the demand on an electric utility system is not at or near its maximum. For the purpose of this section, the off-peak period includes all hours that are not in the peak period.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Election cycle means the period beginning on the first day persons are eligible to

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.