Base Payment Obligation Sample Clauses

Base Payment Obligation. Each Person that is an Order 1000 Party shall, except as provided in section 3.2 of this Order 1000 Agreement, (i) within sixty days after such Person’s execution and delivery of this Order 1000 Agreement, pay to ColumbiaGrid a total amount equal to $50,000; and (ii) commencing upon the expiration of the Planning Cycle in which such Person’s payment pursuant to item (i) above was due, thereafter pay to ColumbiaGrid an amount equal to $2,083.33 per calendar month until such Person has withdrawn or has been deemed to withdraw from this Order 1000 Agreement pursuant to section 13 of this Order 1000 Agreement; each such monthly payment shall be due on the first day of the month for which the payment is to be made. For the avoidance of doubt, ColumbiaGrid shall have no obligation under this Order 1000 Agreement to any Order 1000 Party obligated to make payment pursuant to this section 3.1 unless and until such payment is received from such Order 1000 Party by ColumbiaGrid, and such payment shall not be refundable. ColumbiaGrid or any Order 1000 Party may, by providing written notice to all other signatories to this Order 1000 Agreement, request that ColumbiaGrid and all Order 1000 Parties review the payment obligation under the first paragraph of this section 3.1 and review whether such payment obligation is set at a level that is expected to reimburse ColumbiaGrid for the additional administrative expenses that ColumbiaGrid is reasonably anticipated to incur under this Order 1000 Agreement in the next upcoming even-numbered calendar year and the subsequent year; provided that any such request must be given not less than nine full calendar months prior to the commencement of such even-numbered calendar year; provided further no such request may be given for review of any two-year period commencing prior to January 1, 2016. Within 60 days after ColumbiaGrid’s receipt of any such request for review, ColumbiaGrid shall provide written notice to each Order 1000 Party that provides (a) identification of any adjustment in payments pursuant to the first paragraph of this section 3.1 that ColumbiaGrid believes should be made, in the two-year period for which such request was made, so that such payments equal the additional administrative expenses that ColumbiaGrid is reasonably anticipated to incur under this Order 1000 Agreement in such two-year period and (b) documentation demonstrating that such adjustment is necessary in order for such payments to equal the additio...