Availability Payment Sample Clauses

Availability Payment. Eq. 2 sets out the calculation for the Availability Payment ($) applicable to month “m”.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Availability Payment. Eq. 2 sets out the calculation for the Availability Payment ($) applicable to month “m”. APm = APLCO + APLRO (2) Where APLCO is the Availability Payment associated with the Local Capacity Obligation as set out in Eq. 3 APLRO is the Availability Payment associated with the Local Reserve Obligation as set out in Eq. 4 Eq. 3 sets out the calculation for the Availability Payment ($) applicable to month “m” associated with the Local Capacity Obligation. n APLCO = LCO × � max(CACPLCO, RG) h=1 (3) Where is the Local Capacity Obligation (kW) for the Contracted DER for the Commitment Period CACPLCO is the hourly capacity clearing price ($/kW-hour), which is calculated by dividing the Local Capacity Clearing Price ($/kW-day) determined in the Local Capacity Auction (as described in Section 5 of the Rules) by the number of hours in an Availability Window in one Business Day RG is the hourly revenue guarantee ($/kW-hour), which is calculated by dividing the Revenue Guarantee, as such term in defined in Exhibit A – Defined Terms, by the number of hours in an Availability Window in one Business Day is the number of hours of the Availability Window in one Business Day multiplied by the number of Business days in month “m” is an hour within the Availability Windows in month “m” Eq. 4 sets out the calculation for the Availability Payment ($) applicable to month “m” for Contracted DERs with a Local Reserve Obligation.
Sample 1
Availability Payment. 3.1 Subject to the terms of this Agreement, the Lender shall make the Loan available to the Borrower up to and including 31 August 2003 (the “Availability Period”).
Sample 1Sample 2
Availability Payment. The Availability Payment in a Settlement Period is determined as follows: Availability Payment = ∑t∈TI AP x MSQ where: AP is the Availability Price for the relevant Trading Interval (being the Availability Price in Schedule 3 converted to $ per MW per Trading Interval); MSQ is the Maximum Service Quantity (in MW) for the relevant Trading Interval; and
Sample 1
Availability Payment. 1.1 Gross Availability payment (GAP)
Sample 1
Availability Payment. 2.1 There will be an hourly payment of £1.05 per hour for all staff on weekdays and £1.20 per hour weekends and bank holidays. The availability payment is payable for the inconvenience of being contactable and available for work during a given time period. For each on call service there will be an agreed acceptable response and attendance time which will be determined by the needs of the service.
Sample 1
Availability Payment. Availability is on a request and confirmation basis at the time of your reservation. A reservation is only binding once the booking is confirmed by Happy Camper Rentals Limited by email, and a Booking Deposit of £150 has been received. The payment of the Booking Deposit can be made by cheque (except for late bookings as defined below) PayPal, credit or debit card or bank transfer only. Settlement of the remaining balance must be made six weeks prior to the start of the rental period. For late bookings (less than six weeks before the start of the rental period) the full rental price is payable on booking. A Campervan will not be released without full payment being completed. Cheques will not be acceptable for late bookings (less than 2 weeks prior to departure). Any payment will be made in pounds sterling. Although we want you to have your Campervan of choice, we do not offer any guarantee on the make or model of Campervan you will receive. The Campervan that appears on the Order is for guidance only and may be substituted for an alternative or similar Campervan. We may hold two different models of the same Campervan. We cannot guarantee which model you may receive before you collect the Campervan. We reserve the right to provide you with a suitable comparable or superior alternative, without notice, upon collection. If you are dissatisfied with the standard of the Campervan you must advise us immediately. If a substitute is not available upon collection, we will be responsible for a full refund of monies received by us as soon as possible and in any event within 30 Business Days of us informing you that we cannot fulfil your order. We will use reasonable endeavours to insure that such notification will be within a reasonable time before collection.
Sample 1
AutoNDA by SimpleDocs
Availability Payment. The Availability Payment for the Service in a Settlement Period is determined as follows: where: Availability Payment = ∑d ∈SP ( AP ) x MSQ N AP is the Availability Price for the relevant Dispatch Interval (in $ per MW per Trading Day); N is the number of Dispatch Intervals in the Service Period in a Trading Day (including Dispatch Intervals when the Service is taken to be Unavailable); MSQ is the Maximum Service Quantity in MW; and
Sample 1

Related to Availability Payment

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from June 24, 2016 through and including July 7, 2016, $10,000,000, (ii) as of any date of determination during the period from July 8, 2016 through and including September 29, 2016, $17,500,000, and (iii) as of any date of during the period from September 30, 2016 through and including December 31, 2016, $20,000,000.

  • Availability Period The line of credit is available between the date of this Agreement and December 8,2012, or such earlier date as the availability may terminate as provided in this Agreement (the “Facility No. 1 Expiration Date”).

  • Availability Reserves All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit and other applicable limits hereunder shall be subject to Lender's continuing right to establish and revise Availability Reserves.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

  • Monthly Disbursements On or before the fifth (5th) day of each calendar month, during the design and construction of the Tenant Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for reimbursement of amounts paid to the “Contractor,” as that term is defined in Section 4.1.1 of this Tenant Work Letter, approved by Tenant, in a commercially reasonable form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Tenant Improvements in the Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 of this Tenant Work Letter, for labor rendered and materials for the Premises; (iii) executed mechanic’s lien releases, as applicable, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Section 3262(d); and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. Within forty-five (45) days thereafter, Landlord shall deliver a check to Tenant made payable to Tenant in payment of the lesser of: (A) the amounts so requested by “tenant as set forth in this Section 2.2.3.1, above (or, subject to the terms of Section 4.2.1, below, a percentage thereof), and (B) the balance of any remaining available portion of the Tenant Improvement Allowance, provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings,” as that term is defined in Section 3.5 below, or due to any substandard work. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

Time is Money Join Law Insider Premium to draft better contracts faster.