Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:
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Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP EO CER
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Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP EO CER
Appears in 1 contract
Samples: Power Purchase Agreement
Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period COD ("the Delay Period") shall be determined as followsin paragraph 2 (Deemed Energy Payment After the Commercial Operation Date), provided that:
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Samples: Power Purchase Agreement
Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP = EO × CER
Appears in 1 contract
Samples: Power Purchase Agreement
Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the applicable Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP AEfor CER1000
Appears in 1 contract
Samples: Power Purchase Agreement