W&S-40: Does the Delivery Year Requirement correspond to the Annual Quantity or to the Maximum Contract Quantity under the REC Contract?

Under the REC Contract, the Annual Quantity is specified as the number of RECs to be delivered in each year of the 15-year term of the REC Contract.  The Maximum Contract Quantity is a quantity over the course of the entire term of the REC Contract and the number of RECs to be delivered to the Buyer cannot exceed this quantity, which is calculated as 15 (years) times the Annual Quantity.

The Delivery Year Requirement is the Annual Quantity except for the first 365 days during which the delivery requirement is 50% of Annual Quantity (and the Annual Quantity is pro-rated during the last Delivery Year if it does not consist of a full twelve months.