Annual Capital Investment Commitment. (if applicable, as specified below) a. Each Reporting Year, the rolling average of the annual capital investments made by the Customer at the Facility (“Rolling Average”) shall total not less than N/A (the “Annual Capital Investment Commitment”). For purposes of this provision, “Rolling Average” means the three-year average comprised of (1) the total amount of capital investments (“Annual CI Expenditures”) made by the Customer at the Facility during the current Reporting Year, and (2) the Annual CI Expenditures made by the Customer at the Facility during the two prior Reporting Years.
Appears in 12 contracts
Samples: Agreement for the Sale of Expansion Power and/or Replacement Power, Agreement for the Sale of Expansion Power and/or Replacement Power, Agreement for the Sale of Expansion Power and/or Replacement Power
Annual Capital Investment Commitment. (if applicable, as specified below)
a. Each Reporting Year, the rolling average of the annual capital investments made by the Customer at the Facility (“Rolling Average”) shall total not less than $ N/A (the “Annual Capital Investment Commitment”). For purposes of this provision, “Rolling Average” means the three-year average comprised of (1) the total amount of capital investments (“Annual CI Expenditures”) made by the Customer at the Facility during the current Reporting Year, and (2) the Annual CI Expenditures made by the Customer at the Facility during the two prior Reporting Years.
Appears in 1 contract
Samples: Agreement for the Sale of Expansion Power and/or Replacement Power
