Common use of CALCULATION OF FINAL PAYMENT AMOUNT Clause in Contracts

CALCULATION OF FINAL PAYMENT AMOUNT. The Final Payment Amount is equal to (i) the Stipulated Amount; (ii) plus all accrued but unpaid interest thereon (if any) pursuant to Section 3.2.2; (iii) less all partial payments of the Stipulated Amount made by EDISON pursuant to Section 3.2.3 or otherwise; (iv) adjusted by the Interim Payment Amount (if any), as defined below. If the Interim Payment Amount, as defined below, is greater than zero, then such amount shall be subtracted from the Final Payment Amount as follows:

Appears in 4 contracts

Samples: Agreement Addressing Renewable (Ormat Technologies, Inc.), 2 Agreement (Niguel Energy Co), Niguel Energy Co

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CALCULATION OF FINAL PAYMENT AMOUNT. The Final Payment Amount is equal to (i) the Stipulated Amount; (ii) plus all accrued but unpaid interest thereon (if any) pursuant to Section 3.2.2; (iii) less all partial payments of the Stipulated Amount made by EDISON pursuant to Section 3.2.3 or otherwise; (iv) adjusted by the Interim Payment Amount (if any), as defined below. If the Interim Payment Amount, as defined below, is greater than zero, then such amount shall be subtracted from the Final Payment Amount as follows:[balance of Section 3.2.5 intentionally omitted]

Appears in 1 contract

Samples: Agreement Addressing Renewable (Ormat Technologies, Inc.)

CALCULATION OF FINAL PAYMENT AMOUNT. The Final Payment Amount is equal to (i) the Stipulated Amount; (ii) plus all accrued but unpaid interest thereon (if any) pursuant to Section 3.2.2; (iii) less all partial payments of the Stipulated Amount made by EDISON pursuant to Section 3.2.3 or otherwise; (iv) adjusted by the Interim Payment Amount (if any), as defined below. If the Interim Payment Amount, as defined below, is greater than zero, then such amount shall be subtracted from the Final Payment Amount as follows:[balance of section intentionally left blank].

Appears in 1 contract

Samples: Ce Generation LLC

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CALCULATION OF FINAL PAYMENT AMOUNT. The Final Payment Amount is equal to (i) the Stipulated Amount; (ii) plus all accrued but unpaid interest thereon (if any) pursuant to Section 3.2.2; (iii) less all partial payments of the Stipulated Amount made by EDISON pursuant to Section 3.2.3 or otherwise; (iv) adjusted by the Interim Payment Amount (if any), as defined below. If the Interim Payment Amount, as defined below, is greater than zero, then such amount shall be subtracted from the Final Payment Amount as follows:Stipulated

Appears in 1 contract

Samples: Niguel Energy Co

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