Common use of Applicability of Bonus Clause in Contracts

Applicability of Bonus. Buyer shall pay Seller a Capacity Bonus if both (a) the Average Summer Super Peak Availability exceeds the Guaranteed Summer Super Peak Availability and (b) the Average Summer Partial Peak Availability exceeds the Guaranteed Partial Peak Availability; provided, however, if the Summer Super Peak Availability during any Summer Period month is less than or equal to 80%, then Seller shall not be entitled to a Capacity Bonus.

Appears in 2 contracts

Samples: Power Sales Agreement (Aquila Inc), Power Sales Agreement (Aquila Inc)

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Applicability of Bonus. Buyer shall pay Seller a ---------------------- Capacity Bonus if both (a) the Average Summer Super Peak Availability exceeds the Guaranteed Summer Super Peak Availability and (b) the Average Summer Partial Peak Availability exceeds the Guaranteed Partial Peak Availability; provided, however, if the Summer Super Peak Availability during any Summer Period month is less than or equal to 80%, then Seller shall not be entitled to a Capacity Bonus.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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Applicability of Bonus. Buyer shall pay Seller a Capacity ---------------------- Bonus if both (a) the Average Summer Super Peak Availability exceeds the Guaranteed Summer Super Peak Availability and (b) the Average Summer Partial Peak Availability exceeds the Guaranteed Partial Peak Availability; provided, however, if the Summer Super Peak Availability during any Summer Period month is less than or equal to 80%, then Seller shall not be entitled to a Capacity Bonus.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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