During the OPERATIONS PERIOD Sample Clauses

During the OPERATIONS PERIOD and for so long as the Unresolved Charges remain unresolved, at any times that the PPA Rate is in excess of the PPA Rate Floor (the “Excess Rate Amount”) Seller will provide an annual credit to Buyer (to be paid promptly after the end of each year of the Operations Period as described below) against amounts due under this Agreement in an amount equal to the Excess Rate Amount multiplied by the kWh of electricity delivered to Buyer and paid for by Buyer under this Agreement for the year of the Operations Period in question, such credit in no event to exceed the lesser of: (a) the Unresolved Charges paid by Buyer to the Local Electric Utility for the year in question; or (b) Fifty Thousand Dollars ($50,000) per year (the “Credit”). By way of illustration, the following examples are provided. First, assume that the Retail Rate for the Operations Period year in question is $0.1540. The corresponding Credit for the Operations Period year in question, regardless of the kWh of electricity delivered to Buyer and paid for by Buyer under this Agreement, would be $0 (because the PPA Rate is not in excess of the PPA Rate Floor). Second, assume that the Retail Rate for the Operations Period year in question is $0.1650 and assume that the kWh of electricity delivered to Buyer and paid for by Buyer under this Agreement was 440,000 kWh. The corresponding Credit for the Operations Period year in question would be $4,400 (0.165 - 0.155 = 0.01 x 440,000 = 4,400) (or such lesser amount as equals the Unresolved Charges paid by Buyer to the Local Electric Utility for the year in question). Third, assume that the Retail Rate for the Operations Period year in question is $0.1950 and assume that the kWh of electricity delivered to Buyer and paid for by Buyer under this Agreement was 1,000,000 kWh. The corresponding Credit for the Operations Period year in question would be $40,000 (0.195 - 0.155 = 0.04 x 1,000,000 = 40,000) (or such lesser amount as equals the Unresolved Charges paid by Buyer to the Local Electric Utility for the year in question). Fourth, assume that the Retail Rate for the Operations Period year in question is $0.1950 and assume that the kWh of electricity delivered to Buyer and paid for by Buyer under this Agreement was 2,000,000 kWh. The corresponding Credit for the Operations Period year in question would be $50,000 (0.195 - 0.155 = 0.04 x 2,000,000 = 80,000, noting that the Credit cannot exceed 50,000) (or such lesser amount as equals the Unresolved Charges ...
Sample 1
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During the OPERATIONS PERIOD. Within the term granted to the DEVELOPER, which may not be less than 90 (ninety) BUSINESS DAYS, it shall proceed to make an inventory of the assets that comprise the SYSTEM at that moment, which it shall deliver to CEA, in coordination with the SUPERVISION and a representative of CEA. CEA shall pay to the DEVELOPER the expenses and investments carried out by the DEVELOPER or incurred and pending amortization, calculated based on the corresponding evidence submitted by the DEVELOPER, arising from the rendering of the services subject matter of this APP, which shall include the reimbursement to the DEVELOPER of the debt incurred by it (concepts not included in the T1). Likewise, CEA shall be liable for the damages and losses caused to the DEVELOPER by its breach. CEA shall continue paying the T1 tariff, in accordance with the provisions of EXHIBIT 13 “Adjustments to the amount of the CONSIDERATION” in addition to the amounts of the insurance and the costs of the ADMINISTRATION TRUST, in the understanding that such payments shall be made monthly during the remaining term and until the conclusion of the 444 (four hundred and forty four) months counted as from the APP EFFECTIVENESS COMMENCEMENT. In any event of rescission of the APP and regardless the applicable provisions of the LAPPEBC, the PARTIES agree that the procedure for the DELIVERY of the SYSTEM provided in EXHIBIT 17, as appropriate, shall be applicable.
Sample 1

Related to During the OPERATIONS PERIOD

  • During the Term (a) As compensation for services hereunder rendered during the Term hereof, Executive shall receive a base salary (“Base Salary”) of Five Hundred Thousand Dollars ($500,000) per year payable in equal installments in accordance with the Company’s payroll procedure for its salaried executives. Salary payments and other payments under this Agreement shall be subject to withholding of taxes and other appropriate and customary amounts. Executive may receive increases in his Base Salary from time to time, based upon his performance, subject to approval of the Company.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

  • During the Term of Employment (a) Executive shall be eligible to participate in any life, health and long-term disability insurance programs, pension and retirement programs, stock option and other incentive compensation programs, and other fringe benefit programs made available to senior executive employees of the Company from time to time, and Executive shall be entitled to receive such other fringe benefits as may be granted to him from time to time by the Company's Board of Directors.

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

  • Consulting Period The Consulting Relationship will be deemed to have commenced on the Separation Date and will continue until August 20, 2021, unless terminated earlier pursuant to Section 3(g) below (the “Consulting Period”). The Consulting Period can be extended only by a writing signed by you and the Chief Executive Officer of Lineage.

  • Interim Period Upon signing the peace agreement, Abyei will be accorded special administrative status, in which:

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

  • ENGAGEMENT TERM The Placement Agent’s engagement hereunder will be until the earlier of (i) sixty (60) days and (ii) the Closing Date. The date of termination of this Agreement is referred to herein as the “Termination Date.” In the event, however, in the course of the Placement Agent’s performance of due diligence it deems it necessary to terminate the engagement with respect to itself, such Placement Agent may do so prior to the Termination Date. The Company may elect to terminate the engagement hereunder for any reason prior to the Termination Date but will remain responsible for fees and expenses pursuant to Section 3 hereof and fees with respect to the Securities if sold in the Placement. Notwithstanding anything to the contrary contained herein, the provisions concerning the Company’s obligation to pay any fees actually earned pursuant to Section 3 hereof, to pay expenses pursuant to Section 3 hereof, and the provisions concerning confidentiality, indemnification and contribution, and no fiduciary relationship and governing law (including the waiver of the right to trial by jury) contained herein will survive any expiration or termination of this Agreement. If this Agreement is terminated prior to the completion of the Placement, all fees and expenses due to the Placement Agent shall be paid by the Company to the Placement Agent on or before the Termination Date (in the event such fees are earned or owed as of the Termination Date). The Placement Agent agrees not to use any confidential information concerning the Company provided to such Placement Agent by the Company for any purposes other than those contemplated under this Agreement.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Service Period The Service Period of this Agreement is for 1 year in respect of the unit and starts on the Start Date as defined in the Terms and Conditions, or, in the case of an extension of renewal of the provision of Support Services, starts on the date of payment of the Charges.

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