The delivery term under the REC Contract begins the later of June 1, 2019 and the date at which the first REC from the Project is issued by PJM EIS GATS or M-RETS. Please note that the Date of First Operation of the Project cannot be on or before June 1, 2017 and that at least one REC must be delivered from the Project by June 1, 2021.

The Seller is not required and is not permitted to provide the RECs up front. In each delivery year, the Seller must deliver a quantity of RECs that meets the Delivery Year Requirement as defined in the REC Contract.