Common use of Basis of Invoice Clause in Contracts

Basis of Invoice. Seller’s invoice to Buyer will be based upon calculations employing the Unadjusted Metered Energy and the Final Physical Energy Schedules for the Unit and natural gas delivered for use in the Unit as measured by the Gas Metering Equipment, if natural gas is supplied by Seller, and in any event as adjusted in accordance with the terms of the Gates Transaction. All calculations shall utilize four (4) significant digits of data, as available, and any rounding of final calculated dollar amounts shall be to the nearest full dollar. The amount of Unadjusted Metered Energy, the Final Physical Energy Schedules, natural gas delivered and the cost of natural gas delivered will be adjusted in subsequent months’ invoices when applicable actual data is available. Seller’s invoice to Buyer with respect to the CAISO Charge will be based upon data and costs provided by the CAISO, but will be subject to adjustment in subsequent months’ invoices based on adjustments or final data and costs provided by CAISO; provided, however, to the extent requested by Buyer, Seller hereby agrees to provide all CAISO detailed settlement information provided to Seller’s scheduling coordinator so as to allow the Buyer to calculate the amounts contemplated in this Agreement. Seller’s invoice to Buyer shall include the relevant meter data for the Unit, the records of the Final Physical Energy Schedules, the Variable Fuel Cost, the Fixed Fuel Charge, the Burner Tip Gas Price, the Billing Start Fuel, the data and calculations made with respect to the Heat Rate Adjustment, the Actual Availability Factor for the Unit, the Availability Adjustment, the Actual Starting Reliability Factor, the Guaranteed Starting Reliability Adjustment, any adjustments due to the CAISO Requirements, any other adjustments set forth herein, and any taxes that Seller has had to pay that Buyer is obligated to reimburse as provided under Section 9.2 hereof.

Appears in 2 contracts

Samples: Master Power Purchase and Sale Agreement, Master Power Purchase & Sale Agreement

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Basis of Invoice. Seller’s invoice to Buyer will be based upon calculations employing the Unadjusted Metered Energy and the Final Physical Energy Schedules for the Unit and natural gas delivered for use in the Unit as measured by the Gas Metering Equipment, if natural gas is supplied by Seller, and in any event as adjusted in accordance with the terms of the Gates Panoche Transaction. All calculations shall utilize four (4) significant digits of data, as available, and any rounding of final calculated dollar amounts shall be to the nearest full dollar. The amount of Unadjusted Metered Energy, the Final Physical Energy Schedules, natural gas delivered and the cost of natural gas delivered will be adjusted in subsequent months’ invoices when applicable actual data is available. Seller’s invoice to Buyer with respect to the CAISO Charge will be based upon data and costs provided by the CAISO, but will be subject to adjustment in subsequent months’ invoices based on adjustments or final data and costs provided by CAISO; provided, however, to the extent requested by Buyer, Seller hereby agrees to provide all CAISO detailed settlement information provided to Seller’s scheduling coordinator so as to allow the Buyer to calculate the amounts contemplated in this Agreement. Seller’s invoice to Buyer shall include the relevant meter data for the Unit, the records of the Final Physical Energy Schedules, the Variable Fuel Cost, the Fixed Fuel Charge, the Burner Tip Gas Price, the Billing Start Fuel, the data and calculations made with respect to the Heat Rate Adjustment, the Actual Availability Factor for the Unit, the Availability Adjustment, the Actual Starting Reliability Factor, the Guaranteed Starting Reliability Adjustment, any adjustments due to the CAISO Requirements, any other adjustments set forth herein, and any taxes that Seller has had to pay that Buyer is obligated to reimburse as provided under Section 9.2 hereof.

Appears in 2 contracts

Samples: Master Power Purchase & Sale Agreement, Master Power Purchase and Sale Agreement

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Basis of Invoice. Seller’s invoice to Buyer will be based upon calculations employing the Unadjusted Metered Energy and the Final Physical Energy Schedules for the Unit and natural gas delivered for use in the Unit as measured by the Gas Metering Equipment, if natural gas is supplied by Seller, and in any event as adjusted in accordance with the terms of the Gates Fresno Transaction. All calculations shall utilize four (4) significant digits of data, as available, and any rounding of final calculated dollar amounts shall be to the nearest full dollar. The amount of Unadjusted Metered Energy, the Final Physical Energy Schedules, natural gas delivered and the cost of natural gas delivered will be adjusted in subsequent months’ invoices when applicable actual data is available. Seller’s invoice to Buyer with respect to the CAISO Charge will be based upon data and costs provided by the CAISO, but will be subject to adjustment in subsequent months’ invoices based on adjustments or final data and costs provided by CAISO; provided, however, to the extent requested by Buyer, Seller hereby agrees to provide all CAISO detailed settlement information provided to Seller’s scheduling coordinator so as to allow the Buyer to calculate the amounts contemplated in this Agreement. Seller’s invoice to Buyer shall include the relevant meter data for the Unit, the records of the Final Physical Energy Schedules, the Variable Fuel Cost, the Fixed Fuel Charge, the Burner Tip Gas Price, the Billing Start Fuel, the data and calculations made with respect to the Heat Rate Adjustment, the Actual Availability Factor for the Unit, the Availability Adjustment, the Actual Starting Reliability Factor, the Guaranteed Starting Reliability Adjustment, any adjustments due to the CAISO Requirements, any other adjustments set forth herein, and any taxes that Seller has had to pay that Buyer is obligated to reimburse as provided under Section 9.2 hereof.

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement

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