Base Prices and Contract Prices Sample Clauses

Base Prices and Contract Prices. (i) Subject to Section 4.1(i) above, Base Prices for Energy Output (excluding Test Energy) are specified according to the seasonal time-of-day in the currently effective version of Exhibit A. These Base Prices are always stated in constant, unescalated United States currency as of the date of execution of this Agreement. Notwithstanding any such revisions, the average of such Base Prices for every hour of any given calendar year (the “Base Price Average”) shall remain fixed at the Base Price Average specified in Exhibit A. (ii) The Contract Price for any given seasonal time of day equals the Base Price for that seasonal time of day escalated at a rate of % per year staring in year 2017. (iii) Subject to Section 4.1(i) above, for each hour that the Project delivers Energy Output to the Delivery Point during the Delivery Period, TVA shall pay Seller the Contract Price per kWh for that hour’s Energy Output so delivered. This payment shall constitute TVA’s payment for and entitle TVA to the following: (a) the Energy Output made available at the Delivery Point from and after the Initial Delivery Date; (b) the Environmental Attributes and associated RECs (if any) attributable to Energy Output made available at the Delivery Point during the Delivery Period; (c) if applicable, the Capacity Attributes available with respect to the Energy Output from and after the Initial Delivery Date; and (d) if applicable, the Ancillary Services available with respect to the Energy Output from and after the Initial Delivery Date. (iv) Subject to Section 4.1(i) above, for each hour that the Project delivers Test Energy to the Delivery Point during the Test Period, TVA shall pay Seller the Test Energy Price per kWh for that hour’s Energy Output so delivered. This payment shall constitute TVA’s payment for and entitle TVA to the following: (a) the Energy Output made available at the Delivery Point during the Test Period; and (b) the Environmental Attributes and associated RECs (if any) attributable to Energy Output made available at the Delivery Point during the Test Period.
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Base Prices and Contract Prices. (i) Base Prices for Energy Output are specified according to the seasonal time of day in the currently effective version of Exhibit A. These Base Prices are always stated in constant, unescalated United States currency as of the date of execution of this Agreement, even when Exhibit A is revised as described in subparagraph (iv), below, in years subsequent to the execution of this Agreement. Notwithstanding any such revisions, the average of such Base Prices for every hour of any given calendar year (the “Base Price Average”) shall remain fixed at the Base Price Average specified in Exhibit A. (ii) The Contract Price for any given seasonal time of day equals the Base Price for that seasonal time of day escalated at a rate of three percent (3%) per year beginning on January 1 of the calendar year following the Initial Delivery Date plus an unescalated premium in accordance with Section
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Base Prices and Contract Prices. (i) Base Prices for Energy Output are specified according to the seasonal time of day in the currently effective version of Exhibit A. These Base Prices are always stated in constant, unescalated United States currency as of the date of execution of this Agreement, even when Exhibit A is revised as described in subparagraph (iv), below, in years subsequent to the execution of this Agreement. Notwithstanding any such revisions, the average of such Base Prices for every hour of any given calendar year (the “Base Price Average”) shall remain fixed at the Base Price Average specified in Exhibit A. (ii) The Contract Price for any given seasonal time of day equals the Base Price for that seasonal time of day escalated at a rate of one and a half percent (1.5%) per year beginning on January 1 of the calendar year following the Initial Delivery Date plus an unescalated premium in accordance with Section 7.2 of the DSS Guidelines in effect at the time of Contract execution. (iii) For each hour that the Project delivers Energy Output to the Delivery Point, TVA shall pay Seller the Contract Price per kWh for that hour’s Energy Output so delivered. This payment shall constitute TVA’s payment for and entitle TVA to the following: (a) the Energy Output made available at the Delivery Point from and after the Initial Delivery Date; (b) subject to Section 9.2 below, the Environmental Attributes and associated RECs (if any) attributable to Energy Output made available at the Delivery Point; (c) if applicable, the Capacity Attributes available with respect to the Energy Output from and after the Initial Delivery Date; and
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Related to Base Prices and Contract Prices

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • Contract Price 3.1 For full and complete performance, OWNER agrees to pay CONTRACTOR the sum of $659,258.00 payable in accordance with the terms hereof and to the satisfaction of the OWNER.

  • Payment and Contract Price C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT). C1.2 The Authority shall, in addition to the Contract Price and following evidence of a valid VAT invoice, pay the Contractor a sum equal to the VAT chargeable on the value of the Services supplied in accordance with the Contract. C2 Payment and VAT C2.1 The Authority shall pay all sums due to the Contractor within thirty (30) days of receipt of a valid invoice, submitted Monthly in arrears. C2.2 The Authority shall pay all sums by direct credit transfer into a suitable bank account or by other electronic payment methods as appropriate. C2.3 The Contractor shall ensure that each invoice contains a valid purchase order number. All appropriate references and a detailed breakdown of the Services supplied and any other documentation reasonably required by the Authority to substantiate the invoice should be supplied in accordance with Schedule 2. C2.4 Where the Contractor enters into a sub-contract for the purpose of performing its obligations under the Contract, it shall ensure that a provision is included in such a sub-contract which requires payment to be made of all sums due by the Contractor to the Sub-contractor within a specified period not exceeding thirty (30) days from the receipt of a valid invoice. C2.5 The Contractor shall add VAT to the Contract Price at the prevailing rate as applicable and the Authority shall pay the VAT to the Contractor following its receipt of a valid VAT invoice. C2.6 The Contractor shall indemnify the Authority on a continuing basis against any liability, including any interest, penalties or costs incurred, which is levied, demanded or assessed on the Authority at any time in respect of the Contractor’s failure to account for or to pay any VAT relating to payments made to the Contractor under the Contract. Any amounts due under this clause C2.5 shall be paid by the Contractor to the Authority not less than five (5) Working Days before the date upon which the tax or other liability is payable by the Authority. C2.7 The Contractor shall not suspend the supply of the Services unless the Contractor is entitled to terminate the Contract under clause H2.3 (Termination on Default) for failure to pay undisputed sums of money. Interest shall be payable by the Authority on the late payment of any undisputed sums of money properly invoiced in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. C2.8 Where payment by the Authority of all or any part of any invoice rendered or other claim for payment by the Contractor is disputed, this dispute shall be resolved in accordance with the disputed claims procedure as set out in Schedule 2. C3 Recovery of Sums Due C3.1 Wherever under the Contract any sum of money is recoverable from or payable by the Contractor (including any sum which the Contractor is liable to pay to the Authority in respect of any breach of the Contract), the Authority may unilaterally deduct that sum from any sum then due, or which at any later time may become due to the Contractor under the Contract or under any other agreement or contract with the Authority. C3.2 Any overpayment by either Party, whether of the Contract Price or of VAT or otherwise, shall be a sum of money recoverable by the Party who made the overpayment from the Party in receipt of the overpayment. C3.3 The Contractor shall make all payments due to the Authority without any deduction whether by way of set-off, counterclaim, discount, abatement or otherwise unless the Contractor has a valid court order requiring an amount equal to such deduction to be paid by the Authority to the Contractor. C3.4 All payments due shall be made within a reasonable time unless otherwise specified in the Contract, in cleared funds, to such bank or building society account as the recipient Party may from time to time direct. C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Authority agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period), the Authority may, where applicable, in the six (6) Month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than thirty (30) Working Days) to agree a variation in the Contract Price. For the avoidance of doubt both Parties accept and acknowledge that any Variation to the Contract Price shall not have the effect of altering the economic balance of the Contract during the period of extension in favour of the Contractor in a manner not provided for in the terms of the Contract. C4.2 If the Parties are unable to agree a variation in the Contract Price in accordance with clause C4.1, the Contract shall terminate at the end of the Initial Contract Period. C4.3 If a variation in the Contract Price is agreed between the Authority and the Contractor, the revised Contract Price will take effect from the first day of any period of extension and shall apply during such period of extension. C4.4 Any increase in the Contract Price pursuant to clause C4.1 shall not exceed the percentage change in the Office of National Statistics’ Consumer Prices Index (CPI) (or another such index specified in the Prices & Rates Schedule) between the Commencement Date and the date six (6) Months before the end of the Initial Contract Period.] C5 Euro C5.1 Any requirement of Law to account for the Services in Euro (or to prepare for such accounting) instead of and/or in addition to sterling, shall be implemented by the Contractor at nil charge to the Authority. C5.2 The Authority shall provide all reasonable assistance to facilitate compliance with clause C5.1 by the Contractor. C6 Third Party Revenue C6.1 The Contractor may not obtain any third party revenue, income or credit based on the Services and/or copyright works delivered under this Contract without the express prior written agreement of the Authority.

  • THE CONTRACT PRICE A. This Contract is an indefinite-quantity contract for construction work and services. The Estimated Annual Value of this Contract is $2,000,000. This is only an estimate and may increase or decrease at the discretion of Sourcewell. B. The Contractor shall perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors:

  • Product Prices Product prices and validity of product prices are stated in the Offer and/or in the Individual Agreement.

  • Unit Prices If unit prices are stated in the Contract Documents or subsequently agreed upon, and if the quantities originally contemplated are so changed in a Change Order that application of the agreed unit prices to the quantities of work proposed will cause substantial inequity to the Owner or the Contractor, the applicable unit prices shall be equitably adjusted as provided in the Special Conditions or as agreed to by the parties and incorporated into the Change Order.

  • Price Schedule, Payment Terms and Billing, and Price Adjustments (a) Price Schedule: Price Schedule under this Contract is set forth in Exhibit B.

  • Price Adjustments for OGS Centralized Contracts Periodic price adjustments will occur no more than twice per year on a schedule to be established solely by OGS. Pricing offered shall be fixed for the first twelve (12) months of the Contract term. Such price increases will only apply to the OGS Centralized Contracts and shall not be applied retroactively to Authorized User Agreements or any Mini-bids already submitted to an Authorized User. Price decreases may be made at any time. Additionally, some price decreases shall be calculated in accordance with Appendix B, section 17, Pricing.

  • Price Schedule 35.1. All prices under this agreement are set forth in the attachments designated Table One and Table Two of this Agreement are hereby incorporated into, and made a part of, this Agreement. 35.2. Subject to the provisions of Part B, Section 4 of this Agreement, all rates provided under this Agreement shall remain in effect for the term of this Agreement.

  • Unit Price Work Work to be paid for on the basis of unit prices as defined and described in the Contract Documents. A percentage markup for overhead or profit shall be included in all unit prices.

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