Commissioning Payment. Each Partner shall make a Commissioning Payment (CPt) in respect of each Payment Period (t) falling wholly or partly within the Commissioning Period on the tenth (10th) Business Day of the following Payment Period in question. The Commissioning Payment (CPt) will be based on the projected tonnage of Contract Waste forecast to be delivered by that Partner in the Payment Period before the Services Commencement Date, calculated in accordance with paragraph [3] in Part A "Commissioning Payments" of the Project Agreement Payment Mechanism. Each Partner’s Commissioning Payment for each Payment Period shall be calculated using the following formula: CP = (CGF x COMIND x FCCWt) t y y Where: CPt = the Commissioning Payment payable by the Partner for the relevant Payment Period 't' during the Commissioning Period CGFy = the Commissioning Gate Fee per tonne for Contract Year ‘y’ calculated in accordance with the Project Agreement Payment Mechanism COMINDx = Full Indexation for the relevant Contract Year as calculated in accordance with the Project Agreement Payment Mechanism FCCWt = the Partner's forecast Commissioning Contract Waste tonnage for the Payment Period ‘t’
Commissioning Payment. (a) The Business must meet the following requirements before the Agency will pay the Commissioning Payment:
Commissioning Payment. Upon the close of debt financing for the construction of a geothermal power project which utilizes geothermal resources produced from the Truckhaven Resource Area and the LADWP PPA or an Alternate PPA (as defined in paragraph 5b below), LEA shall be entitled to receive from the proceeds of the construction financing a lump sum payment equ al to $7000.00 per MW of the design capacity or nameplate rating of the power plant to be constructed within the Truckhaven Resource Area, and an additional $7000.00 per i Mw of installed capacity if and when construction of the geothermal power project is1 completed and passes all commissioning tests required under the LADWP PPA, or similar tests under any power purchase agreement entered into between an Alternate Power Purchaser and IAE (the "Alternate PPA"). The contingent payments due LEA under this subparagraph 5(a) are hereafter collectively referred to as the "Commissioning /Payment."
