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: (a) 90 % of the Interim Payment Amount if the Final Payment Date occurs on or before December 31, 2001; (b) 65% of the Interim Payment Amount if the Final Payment Date occurs between January 1, 2002 and March 31, 2002, inclusive; (c) 40% of the Interim Payment Amount if the Final Payment Date occurs between April 1, 2002 and June 30, 2002, inclusive; (d) 15% of the Interim Payment Amount if the Final Payment Date occurs between July 1, 2002 and September 30, 2002, inclusive; and (e) 0% of the Interim Payment Amount if the Final Payment Date occurs after September 30, 2002. If the Interim Payment Amount, as

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: (a) 90 90% of the Interim Payment Amount if the Final Payment Date occurs on or before December 31, 2001; (b) 65% of the Interim Payment Amount if the Final Payment Date occurs between January 1, 2002 and March 31, 2002, inclusive; (c) 40% of the Interim Payment Amount if the Final Payment Date occurs between April 1, 2002 and June 30, 2002, inclusive; (d) 15% of the Interim Payment Amount if the Final Payment Date occurs between July 1, 2002 and September 30, 2002, inclusive; and (e) 0% of the Interim Payment Amount if the Final Payment Date occurs after September 30, 2002. If the Interim Payment Amount, asas defined below, is less than zero, then such amount, multiplied by (-1.0), shall be added to the Final Payment Amount. The "

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: (a) 90 % of the Interim Payment Amount if the Final Payment Date occurs on or before December 31, 2001; (b) 6565 % of the Interim Payment Amount if the Final Payment Date occurs between January 1, 2002 and March 31, 2002, inclusive; (c) 4040 % of the Interim Payment Amount if the Final Payment Date occurs between April 1, 2002 and June 30, 2002, inclusive; (d) 1515 % of the Interim Payment Amount if the Final Payment Date occurs between July 1, 2002 and September 30, 2002, inclusive; and (e) 0% of the Interim Payment Amount if the Final Payment Date occurs after September 30, 2002. If the Interim Payment Amount, asbetween

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: (a) 90 % of the Interim Payment Amount if the Final Payment Date occurs on or before December 31, 2001; (b) 6565 % of the Interim Payment Amount if the Final Payment Date occurs between January 1, 2002 and March 31, 2002, inclusive; (c) 4040 % of the Interim Payment Amount if the Final Payment Date occurs between April 1, 2002 and June 30, 2002, inclusive; (d) 1515 % of the Interim Payment Amount if the Final Payment Date occurs between July 1, 2002 and September 30, 2002, inclusive; and (e) 00 % of the Interim Payment Amount if the Final Payment Date occurs after September 30, 2002. If the Interim Payment Amount, as

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: (a) 90 % of the Interim Payment Amount if the Final Payment Date occurs on or before December 31, 2001; (b) 6565 % of the Interim Payment Amount if the Final Payment Date occurs between January 1, 2002 and March 31, 2002, inclusive; (c) 4040 % of the Interim Payment Amount if the Final Payment Date occurs between April 1, 2002 and June 30, 2002, inclusive; (d) 1515 % of the Interim Payment Amount if the Final Payment Date occurs between July 1, 2002 and September 30, 2002, inclusive; and (e) 00 % of the Interim Payment Amount if the Final Payment Date occurs after September 30, 2002. If the Interim Payment Amount, asas defined below, is less than zero, then such amount, multiplied by (-1.0), shall be added to the Final Payment Amount. The "Interim Payment Amount" is determined by subtracting (1) the total payments that EDISON would have made to SELLER using the Fixed Rate, as defined in Section 3.4.2 below, for energy delivered by SELLER to EDISON during the period between the Rate Effective Date, defined in Section 3.4.2, and the Final Payment Date (the "Rate Adjustment Period") from (2) the total payments actually made by EDISON for energy deliveries by SELLER during the Rate Adjustment Period.