The evaluation of the Bids, which is fully described in Paragraph VI.2.10 of the Final Indexed REC RFP Rules, implies that the number of RECs from the highest-priced Project selected may be less than the full quantity (a “partial award”). For this reason, a Bidder must specify, in addition to the annual full quantity that the Seller is offering to deliver under the Indexed REC Contract, an annual quantity below which the Seller is no longer willing to accept an award under this RFP. Accordingly, a “Bid” for a Project has three (3) elements: (i) a strike price ($/MWh); (ii) a full quantity, which is an annual quantity of RECs that the Seller is offering to deliver under the terms of the Indexed REC Contract; and (iii) a minimum quantity, which is an annual minimum quantity of RECs that the Seller is willing to accept as a partial award. The Seller commits to accept any award with a quantity not less than the minimum quantity and not more than the full quantity at the price specified in the Bid.