Common use of Early Buyout Clause in Contracts

Early Buyout. Facility Operator may satisfy the entire royalty obligation to the Energy Commission without a pre-payment penalty, as an alternative to annual Net Royalties and Net Revenues payments under Paragraph B. If an amount equal to one and a half (1.5) times the amount of funds paid by the Energy Commission under the Agreement is paid to the Energy Commission in a single year within five

Appears in 5 contracts

Samples: Budget Detail and Payment Provisions, Budget Detail and Payment Provisions, Budget Detail and Payment Provisions

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