Amount of the required financial guarantee Sample Clauses

Amount of the required financial guarantee. The amount of the guarantee is a variable amount based on [BRP]'s position. [BRP]'s position, without prejudice to the provisions in relation to the first (1st) month of this Contract, as indicated below, is the highest of the daily Offtake averages allocated to [BRP] calculated on the basis of the previous calendar month. The daily averages are based on the daily quarter-hourly values of: - the Offtake measured at Offtake Points, excluding those Offtake Points that supply a CDS, allocated to [BRP]’s Balancing Perimeter; and - all CDS Allocations (in the case of net Offtake) allocated to [BRP] ’s Balancing Perimeter; and - all Distribution Allocations (in the case of net Offtake) allocated to [BRP]'s Balancing Perimeter; and - the External Commercial Trade Schedules for Export allocated to [BRP]'s Balancing Perimeter; and - [BRP]'s Internal Commercial Trade Schedules (sales transactions) with other Balance Responsible Parties and allocated to [BRP]'s Balancing Perimeter; and, - the absolute value of the measured Active Power that is part of the allocation at the Offshore Interconnector Connection Point to [BRP]’s Balancing Perimeter. This position is shown in the table below, from which the required guarantee amount is derived. The amounts of the variable guarantee are calculated by taking 5% of the upper limit of each block over a period of thirty-one (31) days, multiplied by €50 per MWh. Position of [BRP] (BRP-P) Variable guarantee amount BRP-P ≤ 50 MW €93,000 50 MW < BRP-P ≤ 100 MW €186,000 100 MW < BRP-P ≤ 200 MW €372,000 200 MW < BRP-P ≤ 300 MW €558,000 300 MW < BRP-P ≤ 450 MW €837,000 450 MW ≤ BRP-P ≤ 600 MW €1,116,000 600 MW ≤ BRP-P ≤ 750 MW €1,395,000 750 MW ≤ BRP-P ≤ 900 MW €1,674,000 900 MW ≤ BRP-P ≤ 1050 MW €1,953,000 1050 MW ≤ BRP-P ≤ 1200 MW €2,232,000 1200 MW ≤ BRP-P≤ 1500 MW €2,790,000 BRP-P > 1500 MW €3,000,000 - First month of the BRP Contract: Initial calculation of the financial guarantee [BRP]'s position for its first (1st) month of the Contract is determined by mutual agreement between the Parties, based on [BRP]'s estimated highest position for the coming three (3) months. This value will form the basis for determining the initial amount of the guarantee. In all cases, the minimum guarantee is always €93,000. - Monitoring and control of the financial guarantee for each Balance Responsible Party On its own initiative, [BRP] will immediately adjust its guarantee in accordance with the rules set out below. Xxxx will check in good time to...
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Related to Amount of the required financial guarantee

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