Common use of Surrender of Units Clause in Contracts

Surrender of Units. Subscription Units purchased under this Agreement shall be deemed surrendered on the 180th day from the last day Subscriber takes electric service from Cooperative, unless prior to that date Subscriber requests repurchase under Article V or provides written notice of transfer under Article VI. Surrender of Subscription Units under this Section shall result in the forfeiture of any repurchase value and any Solar Credits accruing after closure of Subscriber’s account.

Appears in 2 contracts

Sources: Community Solar Subscription Agreement, Community Solar Subscription Agreement