Common use of General Terms of Service Clause in Contracts

General Terms of Service. I. Over-the-Counter Spot and Forward Transactions; Bids and Offers; Orders. A. The primary method of REC transaction will be over-the-counter spot and forward transactions, based on EasyREC User’s sales preferences as indicated in the EasyREC Terms of Service, or User-Seller’s “Offers” to sell RECs, or User-Buyer’s “Bids” to purchase RECs. B. Effective Date and Time of Bids and Offers. Any instructions from User-Buyer or User- Seller to SRECTrade to perform any of the actions included in the SRECTrade suite of Services shall be executed in a timely manner by ▇▇▇▇▇▇▇▇▇. In order for instructions to be considered received, User-Buyer or User-Seller must receive a non-automated confirmation response from SRECTrade, confirming that the instructions have been received and will be processed. C. Settlement and Delivery where SRECTrade Settles the Transaction. These terms govern Transactions wherein SRECTrade facilitates the execution, delivery, payment, and satisfaction of the Transaction on behalf of User with a third party buyer or seller (that is, where SRECTrade is a party to the purchase and sale agreement with a third party buyer or seller).

General Terms of Service. I. Over-the-Counter Spot and Forward Transactions; Bids and Offers; Orders. A. The primary method of REC transaction will be over-the-counter spot and forward transactions, based on EasyREC User’s sales preferences as indicated in the EasyREC Terms of Service, or User-Seller’s “Offers” to sell RECs, or User-Buyer’s “Bids” to purchase RECs. B. Effective Date and Time of Bids and Offers. Any instructions from User-Buyer or User- Seller to SRECTrade to perform any of the actions included in the SRECTrade suite of Services shall be executed in a timely manner by ▇▇▇▇▇▇▇▇▇SRECTrade. In order for instructions to be considered received, User-Buyer or User-Seller must receive a non-automated confirmation response from SRECTrade, confirming that the instructions have been received and will be processed. C. Settlement and Delivery where SRECTrade Settles the Transaction. These terms govern Transactions wherein SRECTrade facilitates the execution, delivery, payment, and satisfaction of the Transaction on behalf of User with a third party buyer or seller (that is, where SRECTrade is a party to the purchase and sale agreement with a third party buyer or seller).