Facility In-Service Date; Final Facility Size. Seller shall provide notice to Buyer of the In-Service Date and final Facility size within ten (10) Business Days of the commencement of energy production. The final Facility size shall be based on the Facility’s as-built configuration. If final Facility size differs from original description as set forth in the Cover Sheet: 3.3.1 Any increase that results in a Facility size behind the Revenue Meter that exceeds statutory maximum limits for an LREC or ZREC project, as applicable, shall result in immediate and automatic termination of this Agreement. 3.3.2 Any decrease in final Facility size shall be reflected in an adjustment to Section 7.1 of the Cover Sheet. The Maximum Annual Quantity will be reduced from the value in Section 7.1 of the Cover Sheet proportionally to the decrease in the Installed Capacity of the Facility as set forth in Section 3.1 of the Cover Sheet (e.g., if the Installed Capacity is reduced by twenty percent (20%), then the Maximum Annual Quantity will also be reduced by twenty percent (20%)).
Appears in 5 contracts
Sources: Standard Contract for the Purchase and Sale of Connecticut Class I Renewable Energy Credits, Standard Contract for the Purchase and Sale of Renewable Energy Credits (Energea Portfolio 4 USA LLC), Standard Contract for the Purchase and Sale of Connecticut Class I Renewable Energy Credits
Facility In-Service Date; Final Facility Size. Seller shall provide notice to Buyer of the In-Service Date and final Facility size within ten (10) Business Days of the commencement of energy production. The final Facility size shall be based on the Facility’s as-built configuration. If final Facility size differs from original description as set forth in the Cover Sheet:
3.3.1 Any increase that results in a Facility size behind the Revenue Meter that exceeds statutory maximum limits for an LREC or ZREC project, as applicable, shall result in immediate and automatic termination of this Agreement.
3.3.2 Any decrease in final Facility size shall be reflected in an adjustment to Section 7.1 of the Cover Sheet. The Maximum Annual Quantity will be reduced from the value in Section 7.1 of the Cover Sheet proportionally to the decrease in the Installed Capacity of the Facility as set forth in Section 3.1 of the Cover Sheet (e.g., if the Installed Capacity is reduced by twenty percent (20%), then the Maximum Annual Quantity will also be reduced by twenty percent (20%)).20%)).
Appears in 1 contract
Sources: Standard Contract for the Purchase and Sale of Connecticut Class I Renewable Energy Credits
Facility In-Service Date; Final Facility Size. Seller shall provide notice to Buyer of the In-Service Date and final Facility size within ten (10) Business Days of the commencement of energy production. The final Facility size shall be based on the Facility’s as-built configuration. If final Facility size differs from original description as set forth in the Cover SheetService Agreement:
3.3.1 Any any increase that results in a Facility size behind the Revenue REC Meter that exceeds statutory the maximum limits for an LREC or a small ZREC project, as applicable, project allowable under the Small Class I Zero Emission Project Tariff shall result in immediate and automatic termination of this Agreement.
3.3.2 Any any decrease in final Facility size shall be reflected in an adjustment to Section 7.1 of the Cover SheetService Agreement. The Maximum Annual Quantity will be reduced from the value in Section 7.1 of the Cover Sheet Service Agreement proportionally to the decrease in the Installed Capacity of the Facility as set forth in Section 3.1 of the Cover Sheet Service Agreement (e.g., if the Installed Capacity is reduced by twenty percent (20%), then the Maximum Annual Quantity will also be reduced by twenty percent (20%)).20%)).
Appears in 1 contract
Sources: Service Agreement
Facility In-Service Date; Final Facility Size. Seller shall provide notice to Buyer of the In-Service Date and final Facility size within ten (10) Business Days of the commencement of energy production. The final Facility size shall be based on the Facility’s as-built configuration. If final Facility size differs from original description as set forth in the Cover Sheet:
3.3.1 Any Sheet and, if applicable, Appendix B: any increase that results in a Facility size behind the Revenue REC Meter that exceeds statutory maximum limits for an LREC or ZREC project, as applicable, shall result in immediate and automatic termination of this Agreement.
3.3.2 Any . any decrease in final Facility size shall be reflected in an adjustment to Section 7.1 of the Cover Sheet. The Maximum Annual Quantity will be reduced from the value in Section 7.1 of the Cover Sheet proportionally to the decrease in the Installed Capacity of the Facility as set forth in Section 3.1 of the Cover Sheet (e.g., if the Installed Capacity is reduced by twenty percent (20%), then the Maximum Annual Quantity will also be reduced by twenty percent (20%)).
Appears in 1 contract
Sources: Standard Contract for the Purchase and Sale of Connecticut Class I Renewable Energy Credits