Determination of System Purchase Price. The price for each Project (the “System Purchase Price”) purchased under this Agreement shall be indicated in each Seller’s Tranche Presentation Certificate. The System Purchase Price shall equal the price calculated by multiplying (i) the dollar-per-watt direct current as established in the most recent Appraisal applicable to the Project State where the Project is located, subject to Section 2.3(h), and (ii) the STC DC nameplate rating of the PV System for such Project. The purchase price for the Tranche shall be the aggregate of the System Purchase Prices for all Accepted Projects in the Tranche; provided, however, that in no event shall Purchaser be obligated to make a purchase hereunder that causes the total Capital Contributions of the Investor to exceed the Investor Contribution Cap. The System Purchase Price for each Project shall be paid in cash by Purchaser on each Purchase Date as described in Section 2.1(g).
Appears in 10 contracts
Samples: Development, Epc and Purchase Agreement, Development, Epc and Purchase Agreement (Vivint Solar, Inc.), Development, Epc and Purchase Agreement (Vivint Solar, Inc.)
