Common use of Bonus During Peak Months Clause in Contracts

Bonus During Peak Months. For a Peak Month, Seller shall receive a Capacity Bonus Payment if (i) the requirements set forth in Section 8.1.2.2 have been met, and (ii) the on-peak capacity factor exceeds 85%.

Appears in 4 contracts

Samples: Power Purchase Contract (Ormat Technologies, Inc.), Power Purchase Contract (Ormat Technologies, Inc.), Power Purchase Contract (Ormat Technologies, Inc.)

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Bonus During Peak Months. For a Peak Month, Seller shall receive a Capacity Bonus Payment if (i) the requirements set forth in Section 8.1.2.2 15.2.2.2 have been met, and (ii) the on-peak capacity factor exceeds 85%.

Appears in 2 contracts

Samples: Power Purchase and Sales Agreement (Ormat Technologies, Inc.), Power Purchase and Sales Agreement (Ormat Technologies, Inc.)

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Bonus During Peak Months. For a Peak Month, the Seller shall will receive a Capacity Bonus Payment bonus if (i1) the The performance requirements set forth in of Section 8.1.2.2 5.1 have been met; and, and (ii2) the The on-peak capacity factor availability exceeds 85%.

Appears in 2 contracts

Samples: Power Purchase Agreement (Berry Petroleum Co), Power Purchase Agreement (Berry Petroleum Co)

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