Transfer of Environmental Attributes. (1) MH shall transfer to MP the [TRADE SECRET DATA EXCISED] Environmental Attributes applicable for each calendar year during the Contract Term, on or before March 31st of the subsequent calendar year. (2) For MH’s Energy Resources that [TRADE SECRET DATA EXCISED] are registered by MH on a system used to track and transfer Environmental Attributes and used by MH to transfer [TRADE SECRET DATA EXCISED] (the “Transfer System”), MP shall receive the transfer of the applicable amount of [TRADE SECRET DATA EXCISED] Environmental Attributes through the Transfer System. MH’s transfer through the Transfer System will be on the condition that MP complies, at its own expense, with the Transfer System requirements concerning the acceptance of the transferred [TRADE SECRET DATA EXCISED] Environmental Attributes. (3) If any of MH’s Energy Resources [TRADE SECRET DATA EXCISED] are not registered by MH on a Transfer System, MP shall receive the transfer of the applicable amount of the [TRADE SECRET DATA EXCISED] Environmental Attributes from MH, by MH providing a transfer substantially in the form used by MH generally for the transfer of Environmental Attributes. (4) Subject to Section 8.4(5), MH shall be responsible for all costs required for MH to be a member of, access and utilize the Transfer System for the recording, transfer and receipt of the [TRADE SECRET DATA EXCISED] Environmental Attributes. (5) MP shall be responsible for all costs required for MP to be a member, access and utilize the Transfer System for the recording, transfer and receipt of the [TRADE SECRET DATA EXCISED] Environmental Attributes. (6) No actions shall be required to be undertaken by MH in respect of the transfer to MP of the [TRADE SECRET DATA EXCISED] Environmental Attributes, except as expressly provided herein
Appears in 2 contracts
Sources: Energy Sale Agreement, Energy Sale Agreement
Transfer of Environmental Attributes.
(1) MH shall transfer make available to MP Basin on the Transfer System the [TRADE SECRET DATA EXCISED] Environmental Attributes applicable for each calendar year during the Contract Term, on or before March 31st of the subsequent calendar year. MH shall ensure the [TRADE SECRET DATA EXCISED] Environmental Attributes are made available for Basin to accept for a total of 45 calendar days. In the event that Basin: (i) rejects; or (ii) does not accept within the aforementioned 45 calendar days, the [TRADE SECRET DATA EXCISED] Environmental Attributes, MH shall not be required to continue making those [TRADE SECRET DATA EXCISED] Environmental Attributes available to Basin and MH shall retain all of the rights thereto. However rejection or non- acceptance of [TRADE SECRET DATA EXCISED] Environmental Attributes for any calendar year shall not eliminate MH’s obligation to offer [TRADE SECRET DATA EXCISED] Environmental Attributes for the subsequent calendar year.
(2) For MH’s Energy Resources that [TRADE SECRET DATA EXCISED] and are registered by MH on a system used to track and transfer Environmental Attributes and used by MH to transfer [TRADE SECRET DATA EXCISED] Environmental Attributes (the “Transfer System”), MP Basin shall receive the transfer of the applicable amount of [TRADE SECRET DATA EXCISED] Environmental Attributes through the Transfer System. For purposes of this Agreement, Transfer System shall mean Midwest Renewable Energy Tracking System (M-RETS) or some other system mutually agreed by the Parties. MH’s transfer through the Transfer System will be on the condition that MP Basin complies, at its own expense, with the Transfer System requirements concerning the acceptance of the transferred [TRADE SECRET DATA EXCISED] Environmental Attributes.
(3) If any MH maintains ownership of MH’s Energy Resources the [TRADE SECRET DATA EXCISED] Environmental Attributes until the transfer of the [TRADE SECRET DATA EXCISED] Environmental Attributes has been accepted by Basin on the Transfer System.
(4) If MH’s Energy Resources that are [TRADE SECRET DATA EXCISED] generating stations that are not registered by MH on a Transfer System, MP Basin shall receive the transfer of the applicable amount of the [TRADE SECRET DATA EXCISED] Environmental Attributes from MH, by MH providing a transfer substantially in the form used by MH generally for the transfer of Environmental Attributes.
(45) Subject to Section 8.4(5), MH shall be responsible for all costs required for MH to be a member ofmember, access and utilize the Transfer System for the recordingrecording and transfer of the [TRADE SECRET DATA EXCISED] Environmental Attributes.
(6) Basin shall be responsible for all costs required for Basin to be a member, transfer access and utilize the Transfer System for the receipt of the [TRADE SECRET DATA EXCISED] Environmental Attributes.
(5) MP shall be responsible for all costs required for MP to be a member, access and utilize the Transfer System for the recording, transfer and receipt of the [TRADE SECRET DATA EXCISED] Environmental Attributes.
(67) No actions shall be required to be undertaken by MH in respect of the transfer to MP Basin of the [TRADE SECRET DATA EXCISED] Environmental Attributes, except as expressly provided herein.
Appears in 1 contract
Sources: Capacity Sale Agreement