Curtailment Energy Payment Rate Sample Clauses

Curtailment Energy Payment Rate. (A) If (i) delivery of Renewable Energy is curtailed by Company pursuant to Section 7.4, (ii) curtailment of delivery of Renewable Energy is required of Seller by MISO (or Company on behalf of MISO) that is directly or indirectly based upon, related to or arises from Company’s scheduling and/or energy market settlement activities under Section 7.5, including but not limited to any “Offer Curve” (as defined in the MISO Tariff or MISO guidelines, protocols or other operating procedures and rules) made by or on behalf of Company with respect to the Facility (an “Economic Curtailment”) or (iii) curtailment of delivery of Renewable Energy is required of Seller by MISO (or Company on behalf of MISO) that is directly or indirectly based upon, related to or arises from Company not responding to a MISO “set point” or similar dispatch instruction, and any such reduction does not constitute a Non-Compensable Curtailment, then 1. the Parties shall determine the quantity of Renewable Energy that would have been produced by the Facility and delivered to the Point of Delivery: (i) during those periods of time when the Facility is on AGC and the AGC Set-Point is set at a level that will not allow the entire installed capacity of the Facility to be deliverable by determining the difference between Potential Energy and the delivered Renewable Energy, and (ii) during those periods of time when the Facility is not on AGC or the AGC Set-Point is set at a level that will allow the entire installed capacity to be deliverable by determining the amount that would have been available for delivery had its generation not been so curtailed (“Curtailment Energy”). 2. Curtailment Energy shall be the number of MWh represented by the Potential Energy less the Renewable Energy actually delivered and measured by the Electric Metering Devices (and excluding any Non-Compensable Curtailments) during the period of curtailment. 3. Company shall pay to Seller for such Curtailment Energy net of any Non-Compensable Curtailments, all amounts that Seller would have received from Company under this PPA had such Curtailment Energy actually been delivered. In no circumstances will Company be obligated to pay additional amounts associated with any foregone tax benefits or otherwise that Seller may have been entitled to under Applicable Laws but did not receive as a result of the curtailment. (B) For purposes of determining Curtailment Energy, the amount of Potential Energy at any given time shall be calc...
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Curtailment Energy Payment Rate. If the Net Energy delivery from the source facility is curtailed by the System Operator or REPA pursuant to Clause 5.4 (iv), then (a) The Parties shall determine the quantity of Net Energy that would have been produced by the Facility and delivered to the Point of Metering had its generation capacity not been so curtailed (“Curtailment Energy”) and (b) The REPA shall pay to the Seller for such Curtailment Energy (i) all amounts that Seller would have received from REPA under this PPA had production not been so curtailed, plus (ii) the amount of any associated CDM credits to which Seller would have been entitled but did not receive as a result, on a grossed basis.
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Related to Curtailment Energy Payment Rate

  • Payment at Highest Lawful Rate If the Borrower is not obliged to make a payment that it would otherwise be required to make, as a result of Section 5.6(a), the Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules and regulations.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Thirty Day Payments Upon receipt of a billing statement that complies with all invoice requirements set forth in this Article, the State shall make a good faith effort to pay the amount which is due and payable within thirty

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.

  • Cost Recovery Fee You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the cost recovery fee (“Cost Recovery Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

  • Monthly Base Rent With respect to any Payment Date and any Lease Vehicle (other than a Lease Vehicle with respect to which the Disposition Date occurred during such Related Month), the “Monthly Base Rent” with respect to such Lease Vehicle for such Payment Date shall equal the pro rata portion (based upon the number of days in the Related Month with respect to such Payment Date that were included in the Vehicle Term for such Lease Vehicle) of the Depreciation Charge for such Lease Vehicle as of the last day of such Related Month calculated on a 30/360 day basis.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Due Date All fees contemplated under Section 3(a) above and reimbursement for all expenses contemplated under Section 3(b) above are due and payable within ten (10) days of receipt of an invoice provided by GFS. Any fees or reimbursements due hereunder not received by its due date may be assessed interest at the maximum amount permitted by law.

  • Non-Business Day Payments Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

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