Early Termination Payment. 18.1 Termination for convenience shall be calculated as: - [***]*; and - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - the remaining book value for the Assets as follows: [***;]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]* 18.2 Termination for Change of Control shall be calculated as: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]* 18.3 Termination for Cause by BPA shall be calculated as follows: - Winding Up Assistance Costs; and - [***]* ---------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. SCHEDULE D THIRD PARTY CONTRACTS 213 SCHEDULE D THIRD PARTY CONTRACTS This schedule sets forth the Third Party Contracts and designates whether such contract is intended to be "Administered", "Transferred" or "Retained" by BPA. This schedule shall be completed following the Commencement Date. A. THIRD PARTY CONTRACTS REFERENCE THIRD PARTY CONTRACT CONTRACT RETAINED CONTRACTOR DESCRIPTION NUMBER TRANSFER ADMINISTER BY BPA STATUS ---------- ----------- ------ -------- ---------- ------ ------ -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 214 COUNTRY AGREEMENT PRO FORMA SCHEDULE E ASSETS 215 SCHEDULE E ASSETS This schedule sets forth the Client Assets which may be used by Exult to provide the Services and shall include details necessary to identify what the asset is, its purpose and its location, to include as appropriate, id number, model, hardware description, make, applications and location. 1 216 COUNTRY AGREEMENT PRO FORMA SCHEDULE F SYSTEMS 217 SCHEDULE F SYSTEMS This schedule sets forth the Third Party Systems which may be used by Exult to provide the Services. --------------------------------------------------------------------------------------- PLANNED EXPIRY OR APPLICATION AND DISPOSITION LICENSOR NAME LICENSE DESCRIPTION PLATFORM DATE LOCATION --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- 1 218 COUNTRY AGREEMENT PRO FORMA SCHEDULE G TRANSITION PLAN 219 TABLE OF CONTENTS 1 INTRODUCTION.........................................................................1
Appears in 1 contract
Samples: Framework Agreement (Exult Inc)
Early Termination Payment. 18.1 Termination for convenience shall be calculated as: - [***]*; and - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - the remaining book value for the Assets as follows: [***;]* *; and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.2 Termination for Change of Control shall be calculated as: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]* *; and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.3 Termination for Cause by BPA shall be calculated as follows: - Winding Up Assistance Costs; and - [***]*
18.4 Termination for a Key Country (U.S. or U.K.) - the payments for the remaining Countries shall be calculated as follows: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]*; and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]* ---------- -------- * Confidential treatment is requested for redacted portion. The confidential Confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 102 XXXXXX XXXXXX XXXNTRY AGREEMENT SCHEDULE D THIRD PARTY CONTRACTS 213 103 SCHEDULE D THIRD PARTY CONTRACTS This schedule sets forth the Third Party Contracts and designates whether such contract is intended to be "Administered", "Transferred" or "Retained" by BPA. This schedule shall be completed following the Commencement Date.
A. THIRD PARTY CONTRACTS REFERENCE THIRD PARTY CONTRACT CONTRACT RETAINED CONTRACTOR DESCRIPTION NUMBER TRANSFER ADMINISTER BY BPA STATUS ---------- ----------- ------ . [***]* -------- ---------- ------ ------ -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 214 COUNTRY * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 104 XXXXXX XXXXXX XXXNTRY AGREEMENT PRO FORMA SCHEDULE E ASSETS 215 105 SCHEDULE E ASSETS This schedule sets forth the Client Assets which may be used by Exult to provide the Services Services. This schedule shall be completed following the Country Commencement Date. [***]* -------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and shall include details necessary to identify what filed separately with the asset is, its purpose Securities and its location, to include as appropriate, id number, model, hardware description, make, applications and locationExchange Commission. 1 216 COUNTRY 106 XXXXXX XXXXXX XXXNTRY AGREEMENT PRO FORMA SCHEDULE F SYSTEMS 217 107 SCHEDULE F SYSTEMS This schedule sets forth the Third Party Systems which may be used by Exult to provide the Services. --------------------------------------------------------------------------------------- PLANNED EXPIRY OR APPLICATION AND DISPOSITION LICENSOR NAME LICENSE DESCRIPTION PLATFORM DATE LOCATION --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- This schedule shall be completed following the Country Commencement Date. [***]* -------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 1 218 COUNTRY 108 XXXXXX XXXXXX XXXNTRY AGREEMENT PRO FORMA SCHEDULE G TRANSITION PLAN 219 109 TABLE OF CONTENTS 1 INTRODUCTION.................................................................................................................................................. 1
Appears in 1 contract
Samples: Us Country Agreement (Exult Inc)
Early Termination Payment. 18.1 Termination for convenience shall be calculated as: - [***]*; and - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - the remaining book value for the Assets as follows: [***;]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.2 Termination for Change of Control shall be calculated as: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.3 Termination for Cause by BPA shall be calculated as follows: - Winding Up Assistance Costs; and - [***]* ---------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. SCHEDULE D THIRD PARTY CONTRACTS 213 221 SCHEDULE D THIRD PARTY CONTRACTS This schedule sets forth the Third Party Contracts and designates whether such contract is intended to be "Administered", "Transferred" or "Retained" by BPA. This schedule shall be completed following the Commencement Date.
A. THIRD PARTY CONTRACTS REFERENCE THIRD PARTY CONTRACT CONTRACT RETAINED CONTRACTOR DESCRIPTION NUMBER TRANSFER ADMINISTER BY BPA STATUS ---------- ----------- ------ -------- ---------- ------ ------ -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 214 222 COUNTRY AGREEMENT PRO FORMA SCHEDULE E ASSETS 215 223 SCHEDULE E ASSETS This schedule sets forth the Client Assets which may be used by Exult to provide the Services and shall include details necessary to identify what the asset is, its purpose and its location, to include as appropriate, id number, model, hardware description, make, applications and location. 1 216 224 COUNTRY AGREEMENT PRO FORMA SCHEDULE F SYSTEMS 217 225 SCHEDULE F SYSTEMS This schedule sets forth the Third Party Systems which may be used by Exult to provide the Services. --------------------------------------------------------------------------------------- PLANNED EXPIRY OR APPLICATION AND DISPOSITION LICENSOR NAME LICENSE DESCRIPTION PLATFORM DATE LOCATION --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- 1 218 COUNTRY AGREEMENT PRO FORMA SCHEDULE G TRANSITION PLAN 219 TABLE OF CONTENTS 1 INTRODUCTION.........................................................................1---------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Framework Agreement (Exult Inc)
Early Termination Payment. 18.1 (a) If the BL&P terminates the PPA pursuant to Section 14.2, the BL&P shall, in good faith, determine its Termination Costs and calculate its claim for convenience liquidated damages with respect to Renewable Attribute Loss, and otherwise the loss of the economic benefit of the PPA, for the Remaining Term (the “Early Termination Payment”) in accordance with this Section 14.5.
(b) The Early Termination Payment will be an amount equal to the Termination Costs of the BL&P, plus an amount equal to the Renewable Attribute Loss Rate times the Contract Energy, plus the amount (if any) by which:
(i) the Present Value for the Contract Energy at relevant market pricing (either quoted by a bona fide third party offer or which is reasonably expected to be available in the market under a replacement contract for the PPA that does not include replacement of the Renewable Attribute Loss), exceeds
(ii) the Present Value for the Contract Energy at the Energy Rate. To ascertain the market pricing of a replacement contract for purposes of calculating the Early Termination Payment, the BL&P shall consider, among other valuations, at least two (2) quotations from leading dealers or brokers in power purchase and sale contracts and other bona fide third party offers, all adjusted for the length of the Remaining Term and any transmission differential. The RE Supplier agrees that the BL&P shall not be required to enter into any replacement contract or transaction in order to calculate or be entitled to the Early Termination Payment.
(c) the BL&P shall give to the RE Supplier the amount of the Early Termination Payment, together with a statement showing the determination of the amount thereof. If, within fifteen (15) Business Days of presentation of the Early Termination Amount to the RE Supplier, the RE Supplier notifies the BL&P that it is disputing the Early Termination Amount or the RE Supplier fails to notify the BL&P of its acceptance of the Early Termination Amount (in which case the Early Termination Amount shall be calculated as: - [***]*; deemed in dispute), then the BL&P may refer the dispute for resolution pursuant to Section 17. During such period, the BL&P shall promptly provide such information relative to the determination of the Early Termination Amount as the RE Supplier may reasonably require. If the RE Supplier notifies the BL&P of its acceptance of the Early Termination Amount or the Parties agree to another amount then, within ten (10) Business Days of such notice or agreement, or upon other resolution of any dispute under this Section (c) herein, the RE Supplier shall pay to the BL&P the Early Termination Amount or such other amount, as the case may be, together with interest at the Prime Rate from and - Winding Up Assistance Costs; including the Early Termination Date until and - Remaining amortisation including the date of Exult's Due Diligence Costs; and - the remaining book value for the Assets as follows: [***;]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.2 Termination for Change of Control shall be calculated as: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.3 Termination for Cause by BPA shall be calculated as follows: - Winding Up Assistance Costs; and - [***]* ---------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. SCHEDULE D THIRD PARTY CONTRACTS 213 SCHEDULE D THIRD PARTY CONTRACTS This schedule sets forth the Third Party Contracts and designates whether such contract is intended to be "Administered", "Transferred" or "Retained" by BPA. This schedule shall be completed following the Commencement Datepayment.
A. THIRD PARTY CONTRACTS REFERENCE THIRD PARTY CONTRACT CONTRACT RETAINED CONTRACTOR DESCRIPTION NUMBER TRANSFER ADMINISTER BY BPA STATUS ---------- ----------- ------ -------- ---------- ------ ------ -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 214 COUNTRY AGREEMENT PRO FORMA SCHEDULE E ASSETS 215 SCHEDULE E ASSETS This schedule sets (d) For certainty, the RE Supplier shall not be entitled to dispute the methodology for calculating the Early Termination Payment as set forth in this Section 14.5 but may dispute the Client Assets which may be used by Exult reasonableness of the inputs to provide the Services and shall include details necessary to identify what the asset is, its purpose and its location, to include as appropriate, id number, model, hardware description, make, applications and location. 1 216 COUNTRY AGREEMENT PRO FORMA SCHEDULE F SYSTEMS 217 SCHEDULE F SYSTEMS This schedule sets forth the Third Party Systems which may be used by Exult to provide the Services. --------------------------------------------------------------------------------------- PLANNED EXPIRY OR APPLICATION AND DISPOSITION LICENSOR NAME LICENSE DESCRIPTION PLATFORM DATE LOCATION --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- 1 218 COUNTRY AGREEMENT PRO FORMA SCHEDULE G TRANSITION PLAN 219 TABLE OF CONTENTS 1 INTRODUCTION.........................................................................1calculation or any material departure from such methodology.
Appears in 1 contract
Samples: Renewable Energy Supplier Agreement
Early Termination Payment. 18.1
(a) If the BLPC terminates the PPA pursuant to Section 14.2, the BLPC shall, in good faith, determine its Termination Costs and calculate its claim for convenience liquidated damages with respect to Renewable Attribute Loss, and otherwise the loss of the economic benefit of the PPA, for the Remaining Term (the “Early Termination Payment”) in accordance with this Section 14.5.
(b) The Early Termination Payment will be an amount equal to the Termination Costs of the BLPC, plus an amount equal to the Renewable Attribute Loss Rate times the Contract Energy, plus the amount (if any) by which:
(i) the Present Value for the Contract Energy at relevant market pricing (either quoted by a bona fide third party offer or which is reasonably expected to be available in the market under a replacement contract for the PPA that does not include replacement of the Renewable Attribute Loss), exceeds
(ii) the Present Value for the Contract Energy at the Energy Rate. To ascertain the market pricing of a replacement contract for purposes of calculating the Early Termination Payment, the BLPC shall consider, among other valuations, at least two (2) quotations from leading dealers or brokers in power purchase and sale contracts and other bona fide third party offers, all adjusted for the length of the Remaining Term and any transmission differential. The RE Supplier agrees that the BLPC shall not be required to enter into any replacement contract or transaction in order to calculate or be entitled to the Early Termination Payment.
(c) the BLPC shall give to the RE Supplier the amount of the Early Termination Payment, together with a statement showing the determination of the amount thereof. If, within fifteen (15) Business Days of presentation of the Early Termination Amount to the RE Supplier, the RE Supplier notifies the BLPC that it is disputing the Early Termination Amount or the RE Supplier fails to notify the BLPC of its acceptance of the Early Termination Amount (in which case the Early Termination Amount shall be calculated as: - [***]*; deemed in dispute), then the BLPC may refer the dispute for resolution pursuant to Section 17.0. During such period, the BLPC shall promptly provide such information relative to the determination of the Early Termination Amount as the RE Supplier may reasonably require. If the RE Supplier notifies the BLPC of its acceptance of the Early Termination Amount or the Parties agree to another amount then, within ten (10) Business Days of such notice or agreement, or upon other resolution of any dispute under this Section (c) herein, the RE Supplier shall pay to the BLPC the Early Termination Amount or such other amount, as the case may be, together with interest at the Prime Rate from and - Winding Up Assistance Costs; including the Early Termination Date until and - Remaining amortisation including the date of Exult's Due Diligence Costs; and - the remaining book value for the Assets as follows: [***;]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.2 Termination for Change of Control shall be calculated as: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.3 Termination for Cause by BPA shall be calculated as follows: - Winding Up Assistance Costs; and - [***]* ---------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. SCHEDULE D THIRD PARTY CONTRACTS 213 SCHEDULE D THIRD PARTY CONTRACTS This schedule sets forth the Third Party Contracts and designates whether such contract is intended to be "Administered", "Transferred" or "Retained" by BPA. This schedule shall be completed following the Commencement Datepayment.
A. THIRD PARTY CONTRACTS REFERENCE THIRD PARTY CONTRACT CONTRACT RETAINED CONTRACTOR DESCRIPTION NUMBER TRANSFER ADMINISTER BY BPA STATUS ---------- ----------- ------ -------- ---------- ------ ------ -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 214 COUNTRY AGREEMENT PRO FORMA SCHEDULE E ASSETS 215 SCHEDULE E ASSETS This schedule sets (d) For certainty, the RE Supplier shall not be entitled to dispute the methodology for calculating the Early Termination Payment as set forth in this Section 14.5 but may dispute the Client Assets which may be used by Exult reasonableness of the inputs to provide the Services and shall include details necessary to identify what the asset is, its purpose and its location, to include as appropriate, id number, model, hardware description, make, applications and location. 1 216 COUNTRY AGREEMENT PRO FORMA SCHEDULE F SYSTEMS 217 SCHEDULE F SYSTEMS This schedule sets forth the Third Party Systems which may be used by Exult to provide the Services. --------------------------------------------------------------------------------------- PLANNED EXPIRY OR APPLICATION AND DISPOSITION LICENSOR NAME LICENSE DESCRIPTION PLATFORM DATE LOCATION --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- 1 218 COUNTRY AGREEMENT PRO FORMA SCHEDULE G TRANSITION PLAN 219 TABLE OF CONTENTS 1 INTRODUCTION.........................................................................1calculation or any material departure from such methodology.
Appears in 1 contract
Samples: Renewable Energy Supplier Agreement
Early Termination Payment. 18.1 (a) If the BLPC terminates the PPA pursuant to Section 14.2, the BLPC shall, in good faith, determine its Termination Costs and calculate its claim for convenience liquidated damages with respect to Renewable Attribute Loss, and otherwise the loss of the economic benefit of the PPA, for the Remaining Term (the “Early Termination Payment”) in accordance with this Section 14.5.
(b) The Early Termination Payment will be an amount equal to the Termination Costs of the BLPC, plus an amount equal to the Renewable Attribute Loss Rate times the Contract Energy, plus the amount (if any) by which:
(i) the Present Value for the Contract Energy at relevant market pricing (either quoted by a bona fide third party offer or which is reasonably expected to be available in the market under a replacement contract for the PPA that does not include replacement of the Renewable Attribute Loss), exceeds
(ii) the Present Value for the Contract Energy at the Energy Rate. To ascertain the market pricing of a replacement contract for purposes of calculating the Early Termination Payment, the BLPC shall consider, among other valuations, at least two (2) quotations from leading dealers or brokers in power purchase and sale contracts and other bona fide third party offers, all adjusted for the length of the Remaining Term and any transmission differential. The RE Supplier agrees that the BLPC shall not be required to enter into any replacement contract or transaction in order to calculate or be entitled to the Early Termination Payment.
(c) the BLPC shall give to the RE Supplier the amount of the Early Termination Payment, together with a statement showing the determination of the amount thereof. If, within fifteen (15) Business Days of presentation of the Early Termination Amount to the RE Supplier, the RE Supplier notifies the BLPC that it is disputing the Early Termination Amount or the RE Supplier fails to notify the BLPC of its acceptance of the Early Termination Amount (in which case the Early Termination Amount shall be calculated as: - [***]*; deemed in dispute), then the BLPC may refer the dispute for resolution pursuant to Section 17.0. During such period, the BLPC shall promptly provide such information relative to the determination of the Early Termination Amount as the RE Supplier may reasonably require. If the RE Supplier notifies the BLPC of its acceptance of the Early Termination Amount or the Parties agree to another amount then, within ten (10) Business Days of such notice or agreement, or upon other resolution of any dispute under this Section (c) herein, the RE Supplier shall pay to the BLPC the Early Termination Amount or such other amount, as the case may be, together with interest at the Prime Rate from and - Winding Up Assistance Costs; including the Early Termination Date until and - Remaining amortisation including the date of Exult's Due Diligence Costs; and - the remaining book value for the Assets as follows: [***;]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.2 Termination for Change of Control shall be calculated as: - Winding Up Assistance Costs; and - Remaining amortisation of Exult's Due Diligence Costs; and - The remaining book value for the Assets as follows: [***]* and - Redeployment costs of staff and equipment (to remove from BPA's sites) that have not been transferred to BPA; and - Remaining obligations for Third Party Contracts including but not limited to outstanding loans and financing costs related to such contracts as follows: [***]*
18.3 Termination for Cause by BPA shall be calculated as follows: - Winding Up Assistance Costs; and - [***]* ---------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. SCHEDULE D THIRD PARTY CONTRACTS 213 SCHEDULE D THIRD PARTY CONTRACTS This schedule sets forth the Third Party Contracts and designates whether such contract is intended to be "Administered", "Transferred" or "Retained" by BPA. This schedule shall be completed following the Commencement Datepayment.
A. THIRD PARTY CONTRACTS REFERENCE THIRD PARTY CONTRACT CONTRACT RETAINED CONTRACTOR DESCRIPTION NUMBER TRANSFER ADMINISTER BY BPA STATUS ---------- ----------- ------ -------- ---------- ------ ------ -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 214 COUNTRY AGREEMENT PRO FORMA SCHEDULE E ASSETS 215 SCHEDULE E ASSETS This schedule sets (d) For certainty, the RE Supplier shall not be entitled to dispute the methodology for calculating the Early Termination Payment as set forth in this Section 14.5 but may dispute the Client Assets which may be used by Exult reasonableness of the inputs to provide the Services and shall include details necessary to identify what the asset is, its purpose and its location, to include as appropriate, id number, model, hardware description, make, applications and location. 1 216 COUNTRY AGREEMENT PRO FORMA SCHEDULE F SYSTEMS 217 SCHEDULE F SYSTEMS This schedule sets forth the Third Party Systems which may be used by Exult to provide the Services. --------------------------------------------------------------------------------------- PLANNED EXPIRY OR APPLICATION AND DISPOSITION LICENSOR NAME LICENSE DESCRIPTION PLATFORM DATE LOCATION --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- 1 218 COUNTRY AGREEMENT PRO FORMA SCHEDULE G TRANSITION PLAN 219 TABLE OF CONTENTS 1 INTRODUCTION.........................................................................1calculation or any material departure from such methodology.
Appears in 1 contract
Samples: Renewable Energy Supplier Agreement