Common use of REC Program Clause in Contracts

REC Program. In the event that EKPC fails to supply all RECs which have been ordered pursuant to the terms of this Agreement, EKPC shall pay Customer the difference, if positive, of the sum paid by the Customer for RECs less the current market value of the RECs within thirty (30) days from the date EKPC’s obligation to supply the RECs became an Event of Default.

Appears in 5 contracts

Sources: Renewable Energy Purchase Agreement, Commercial and Industrial Renewable Energy Program Purchase Agreement, Commercial and Industrial Renewable Energy Program Purchase Agreement

REC Program. In the event that EKPC fails to supply all RECs which have been ordered pursuant to the terms of this Agreement, EKPC shall pay Customer the difference, if positive, of the sum paid by the Customer for RECs less the current market value of the RECs within thirty (30) days from the date EKPC’s obligation to supply the RECs became an Event of Default.Def may, in good faith, dispute the an invoice, rendered under this ic or computational error within

Appears in 2 contracts

Sources: Commercial and Industrial Renewable Energy Program Purchase Agreement, Purchase Agreement