Common use of Confirmed Quantity Clause in Contracts

Confirmed Quantity. For all Capacity Attributes of the Product that Seller delivers, Buyer shall pay Seller for the ratio of (a) the sum of all Capacity Attributes of the Delivered Quantities to (b) the sum of all Capacity Attributes of the Product, all as multiplied by (c) the Payment Quantity (“Confirmed Quantity”), as shown in the equation below. Confirmed Quantity = (sum of Capacity Attributes of Delivered Quantities/sum of all Capacity Attributes of Product) × Payment Quantity

Appears in 8 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement

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Confirmed Quantity. For all Capacity Attributes of the Product that Seller delivers, Buyer shall pay Seller for the ratio of (a) the sum of all Capacity Attributes of the Delivered Quantities to (b) the sum of all Capacity Attributes of the Product, all as multiplied by (c) the Payment Quantity (“Confirmed Quantity”), as shown in the equation below; and the Energy Settlement will be reduced to reflect the Confirmed Quantity. Confirmed Quantity = (sum of Capacity Attributes of Delivered Quantities/sum of all Capacity Attributes of Product) × Payment Quantity

Appears in 4 contracts

Samples: Resource Adequacy Agreement, Consent and Agreement, Resource Adequacy Agreement

Confirmed Quantity. For all Capacity Attributes of the Product that Seller delivers, Buyer shall pay Seller for the ratio of (a) the sum of all Capacity Attributes of the Delivered Quantities to (b) the sum of all Capacity Attributes of the Product, all as multiplied by (c) the Payment Quantity (“Confirmed Quantity”), as shown in the equation below. Confirmed Quantity = (sum of Capacity Attributes of Delivered Quantities/sum of all Capacity Attributes of Product) × Payment Quantityto

Appears in 2 contracts

Samples: Financing Consent and Agreement, Long Term Resource Adequacy Agreement

Confirmed Quantity. For all Capacity Attributes of the Product that Seller delivers, Buyer shall pay Seller for the “Confirmed Quantity,” which is the product of the Payment Quantity multiplied by the lesser of (x) one hundred percent (100%), or (y) the ratio of (a) the sum of all Capacity Attributes of the Delivered Quantities to (b) the sum of all Capacity Attributes of the Product, all as multiplied by (c) the Payment Quantity (“Confirmed Quantity”), as shown in the equation below. Confirmed Quantity = Payment Quantity x minimum [100%, (sum of Capacity Attributes of Delivered Quantities/Quantities ÷ sum of all Capacity Attributes of Product) × Payment Quantity)] ×

Appears in 2 contracts

Samples: Long Term Resource Adequacy Agreement, Consent and Agreement

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Confirmed Quantity. For all Capacity Attributes of the Product that Seller delivers, Buyer shall pay Seller for the “Confirmed Quantity,” which is the product of the Payment Quantity multiplied by the lesser of (x) one hundred percent (100%), or (y) the ratio of (a) the sum of all Capacity Attributes of the Delivered Quantities to (b) the sum of all Capacity Attributes of the Product, all as multiplied by (c) the Payment Quantity (“Confirmed Quantity”), as shown in the equation below. Confirmed Quantity = Payment Quantity x minimum [100%, (sum of Capacity Attributes of Delivered Quantities/Quantities ÷ sum of all Capacity Attributes of Product) × Payment Quantity)]

Appears in 1 contract

Samples: Guaranty Agreement

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