Common use of CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE Clause in Contracts

CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 50 For example, if a Community Renewable Energy Generation Project is Energized on May 15, 2022 and assigned Payment Cycle C, then the first Community Solar Quarterly Report would be due on September 10, 2022 for the period May 15, 2022 through August 31, 2022, and the last Community Solar Quarterly Report would be due on June 10, 2023 for the period commencing March 1, 2023 through May 31, 2023. 51 For example, if the effective date of the Agreement falls between June 1 and July 15 of a calendar year, then the first REC Annual Report is to be submitted by July 15 of the following year.

CREDIT AND COLLATERAL REQUIREMENTS; PERFORMANCE ASSURANCE. 50 28 For example, if a Community Renewable Energy Generation Project is Energized on May 15, 2022 2021 and assigned Payment Cycle C, then the first Community Solar Quarterly First Year Report would be due on September June 10, 2022 for the period May 15, 2022 through August 31, 2022, and the last Community Solar Quarterly Report would be due on June 10, 2023 for the period commencing March 1, 2023 2021 through May 31, 20232022. 51 29 For example, if the effective date of the Agreement falls between June 1 and July 15 of a calendar year, then the first REC Annual Report is to be submitted by July 15 of the following year.