Curtailment Payments. Dealer will pay DFS ten percent (10%) of the principal amount of DFS’ advance to Dealer for each Used Vehicle on the 361st day following the date the Used Vehicle is financed. The balance of the amount financed will be due in full on the 540th day after the Used Vehicle is financed.
Curtailment Payments. Seller shall receive no compensation from Buyer for (i) Delivered Energy or Deemed Delivered Energy during any Curtailment Period and (ii) Deemed Delivered Energy in amounts below the Curtailment Cap. Buyer shall pay for Deemed Delivered Energy above the Curtailment Cap as provided above.
Curtailment Payments. Notwithstanding any provision in this Agreement to the contrary, Seller shall receive no compensation from Buyer for (i) Facility Energy or Deemed Delivered Energy during any Curtailment Period (ii) Deemed Delivered Energy in amounts below the Curtailment Cap, and (iii) if applicable, no further compensation for Deemed Delivered Energy once the amount of Facility Energy plus the amount of Deemed Delivered Energy exceeds one hundred percent (100%) of the Expected Energy for such Contract Year.
Curtailment Payments. Seller shall receive no compensation from Buyer for Facility Energy reduced pursuant to a Curtailment Order during any Curtailment Period. Test Energy. Test Energy is compensated at the Test Energy Rate in accordance with Section 3.6.
Curtailment Payments. Dealers will cause Xxxxx to prepare and finalize the Xxxxx Report for each calendar quarter, not later than 60 days after the end of each calendar quarter. If, and only if, the total OLV shown in such Xxxxx Report plus the balance of the Curtailment Reserve Account (as defined below) is less than 105% of the Rental Equipment Amount, then, within 10 days after such Xxxxx Report is finalized, Dealers will pay CDF the amount of such deficiency (each, a “Curtailment Payment”). If, and only if, the total OLV shown in such Xxxxx Report plus the balance of the Curtailment Reserve Account is greater than 105% of the Rental Equipment Amount, then, within 10 days after such Xxxxx Report is finalized, CDF will pay to Dealers the amount of such excess but only to extent such excess is in the Curtailment Reserve Account (each, a “Return Curtailment Payment”). CDF will hold and account for such Curtailment Payments in a curtailment reserve account maintained in the books and records of CDF (the “Curtailment Reserve Account”), although nothing herein shall be construed to require that CDF actually open and maintain an independent account with any third-party financial institution in respect thereof. In the event of a Default or termination or expiration of this Agreement, CDF may apply the Curtailment Payments in the Curtailment Reserve Account against any and all Obligations of Dealers to CDF, with any excess being returned to Dealers. Dealer’s aggregate interest charges for any month will be reduced by: (i) the sum of the amounts held in the Curtailment Reserve Account on each day of such month, divided by (ii) the actual number of days in such month, multiplied by (iii) the product of the Daily Rate for such month multiplied by the actual number of days in such month.
Curtailment Payments. Seller shall receive no compensation from Buyer for (i) Generating Facility Energy or Deemed Delivered Energy during any Curtailment Period and (ii) Deemed Delivered Energy in amounts below the Curtailment Cap. Buyer shall pay for Deemed Delivered Energy above the Curtailment Cap at the Renewable Rate. The “Curtailment Cap” equals the Expected Energy per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity. “Deemed Delivered Energy” means the amount of Generating Facility Energy, expressed in MWh, in excess of the Curtailment Cap that the Generating Facility would have produced and delivered to the Delivery Point, but that is not produced by the Generating Facility during a Buyer Curtailment Period, which amount shall be calculated using the CAISO VER forecast or an industry-standard methodology agreed to by Buyer and Seller that utilizes meteorological conditions on Site as input for the period of time during such Buyer Curtailment Period, less the amount of Generating Facility Energy delivered to the Delivery Point during the Buyer Curtailment Period (or other relevant period); provided that, if the applicable difference is negative, the Deemed Delivered Energy shall be zero (0). “Buyer Curtailment Order” means the instruction from Buyer to Seller to reduce Generating Facility Energy from the Generating Facility by the amount, and for the period of time set forth in such instruction, for reasons unrelated to a Planned Outage, Forced Facility Outage, Force Majeure Event or Curtailment Order. “Buyer Curtailment Period” means the period of time, as measured using current Settlement Intervals, during which Seller reduces Generating Facility Energy from the Generating Facility pursuant to or as a result of (a) Buyer Bid Curtailment (as defined in the PPA) or (b) a Buyer Curtailment Order; provided, that the duration of any Buyer Curtailment Period shall be inclusive of the time required for the Generating Facility to ramp down and ramp up.
Curtailment Payments. Seller shall receive no compensation from Buyer for Facility Energy or Generating Facility Energy reduced pursuant to a Curtailment Order during any Curtailment Period. Storage Rate. All Storage Product shall be paid on a monthly basis at the Storage Rate multiplied by 1,000, multiplied by the Storage Contract Capacity for such month, as adjusted for the most recent Storage Capacity Test, multiplied by the Round-Trip Efficiency Factor, multiplied by the Availability Adjustment for such month (as determined under Exhibit P) and pro-rated for the first and last month of the Delivery Term if the Delivery Term does not start on the first day of a calendar month. Such payment constitutes the entirety of the amount due to Seller from Buyer for the Storage Product. In addition to adjustments pursuant to the Storage Capacity Test, the Storage Contract Capacity shall be reduced for each MW that is unavailable due to a Force Majeure Event lasting for more than five (5) consecutive days until such time as the Force Majeure Event ends for such Storage Capacity. If the Storage Contract Capacity is adjusted pursuant to a Storage Capacity Test on any day other than the first day of a calendar month, payment shall be calculated separately for each portion of the month in which the different Storage Contract Capacity is applicable.
Curtailment Payments. Seller shall receive no compensation from Buyer for Facility Energy or Generating Facility Energy reduced pursuant to a Curtailment Order during any Curtailment Period. Storage Rate. All Storage Product shall be paid on a monthly basis at the Storage Rate multiplied by 1,000, multiplied by the Storage Contract Capacity for such month, as adjusted for the most recent Storage Capacity Test, multiplied by the Round-Trip Efficiency Factor, multiplied by the Availability Adjustment for such month (as determined under Exhibit P). Such payment constitutes the entirety of the amount due to Seller from Buyer for the Storage Product. If the Storage Contract Capacity is adjusted pursuant to a Storage Capacity Test on any day other than the first day of a calendar month, payment shall be calculated separately for each portion of the month in which the different Storage Contract Capacity is applicable.
