REC Contract definition

REC Contract means a contract for the purchase of RECs and/or the related Reporting Rights.
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REC Contract means a contract for the purchase of RECs and/or the related Reporting Rights. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
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REC Contract means a contract for the purchase of RECs and/or the related Reporting Rights. “REC Contract Consent” shall mean for each REC Contract entered into by the Borrower, Fund IV Holdco or a Wholly-Owned Opco requiring the consent of the REC Purchaser for the collateral assignment of such contract to the Collateral Agent, a consent to collateral assignment in form and substance satisfactory to the Administrative Agent and the Collateral Agent. “REC Purchaser” shall mean the purchaser of RECs and/or the related Reporting Rights under a REC Contract. “Recapture End Date” shall mean, in respect of any Opco, the end of the applicable Recapture Period for the last Project owned or leased by such Opco to be Placed in Service. “Recapture Period” shall mean, in respect of a Project, the period from the Closing Date through the fifth anniversary of the date that the applicable Project is Placed in Service. “Recipient” shall mean (a) an Agent, (b) any Lender, (c) an Issuing Bank, or (d) any other Secured Party, as applicable. “Register” shall have the meaning given to such term in Section 11.05(c). “Reimbursement Date” shall have the meaning set forth in Section 2.02(c)(ii). “Related Party” shall mean, with respect to any Person, each of such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. “Release” shall mean any disposing, discharging, injecting, spilling, leaking, leaching, dumping, pumping, pouring, emitting, escaping, emptying, seeping, migrating, placing and the like, into, under, through or upon any land or water or air, or otherwise entering into the environment, or the threat thereof. “Relevant Member Action” means, with respect to any matter relating to the Tax Equity Opco with respect to which the organizational documents of such Tax Equity Opco (or any
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Examples of REC Contract in a sentence

  • The Seller acknowledges and agrees that any Environmental Attribute associated with or related to the Product, including without limitation any verified emissions reduction, (or the Product itself) will not be sold or otherwise made available to a third party but will be sold to Buyer pursuant to this REC Contract.

  • Electronic copies of executed original copies of the REC Contract shall be sufficient and admissible evidence of the content and existence of the REC Contract to the same extent as the originally executed copy or copies (if executed in counterpart).” Confidentiality is applicable and Section 9.7 shall apply.

  • Any attempted assignment in violation of this provision will be void ab initio.” Subsection (h) of Section 9.5 is amended by adding the following sentence to the end thereof: “Delivery of an executed counterpart of a signature page to the REC Contract by electronic means shall be effective as delivery of a manually executed counterpart of the REC Contract.

  • This REC Contract shall apply solely for purposes of the Transaction(s) specified herein and shall not apply for the purposes of any other transactions between the Parties.

  • For avoidance of doubt, the extensions set forth in each of subsections (iii), (iv) and (v) of this Section 5(b) of the REC Contract are independent of any other extensions that may be granted pursuant to this Section 5(b), and shall commence on the date such extension is granted, which may run concurrent with the extensions set forth in subsection (i) or (ii) of this Section 5(b) of the REC Contract.

  • The terms of the Transaction are specified in this REC Contract and there shall be no separate Confirmation or Product Order confirming the terms of the Transaction.

  • The terms of a Transaction are as specified in this REC Contract and in a Product Order.

  • For purposes of the definitions contained in the Master REC Agreement, this REC Contract shall constitute the “Cover Sheet,” and the date the ICC approves a Transaction shall constitute the “Trade Date” indicated in the Product Order for such Transaction.

  • Terms not defined herein shall have the meanings given to them in the REC Contract dated , 20 (as amended, modified or extended from time to time, the “Agreement”), between the Guaranteed Party and , a organized and existing under the laws of (the “Seller”).

  • The Illinois RPS program is the Applicable Program for this REC Contract.


More Definitions of REC Contract

REC Contract means an agreement between [***] and the Target Company for [***], which agreement shall include the following terms: [***].
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REC Contract means an agreement between [***] and the Target Company for [***], which agreement shall include the following “REC Contract Execution Date” means the date on which the REC Contract is executed.
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REC Contract means that certain Renewable Energy Credit Agreement dated as of August 16, 2023 by and between Provider and the Local Electric Utility.
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Related to REC Contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Privatization contract or “contract” means an agreement or

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.