FIT Payments Sample Clauses

FIT Payments. We're required to make Feed-in Tariff (FiT) payments under our supply licence. If your property's eligible, we can make FiT payments to you if: – you've got a FiT installation which is accredited by Ofgem or the Micro Certification Scheme (MCS); and – you get your electricity from us or from a non-mandatory FiT supplier when you apply for FiT payments We pay what's set out in the Feed-in Tariffs Order 2012, as amended, and our electricity supply licence.
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FIT Payments. 4.1 We will pay the FIT Payments in accordance with the information held on the Central FIT Register, Ofgem’s instructions and these Statement of Terms provided that You comply with the Eligibility Criteria and Your obligations set out in these Statement of Terms. 4.2 Unless You or We end this Agreement, We’ll use Your Tariff Code and the Generation Tariff to calculate the FIT Payments for the electricity that’s generated by Your System and make such payments to You or the Nominated Recipient for the duration of the Agreement. 4.3 Unless You or We end this Agreement and provided that the System is connected to the local electricity grid and You’ve chosen to receive payments for any electricity exported back on to the local electricity network, We shall use the Tariff Code and Export Tariff to calculate the FIT Payments for the surplus electricity exported by Your System and make such payments to You or the Nominated Recipient for the duration of the Agreement or until You opt out of receiving any payment for electricity exported by the System (please see clause 6 below). If Your System is not connected to the local electricity network, You will not be eligible to receive any FIT Payments for any surplus electricity exported by Your System. 4.4 As long as You comply with the provisions of these Statement of Terms and the Eligibility Criteria, We shall pay any FIT Payments payable to You or the Nominated Recipient within 60 days of the last day of each Meter Reading Period, subject to clause 4.6 below. We’ll tell You if that period changes. We’ll make the first payment on the first Quarter date that occurs after the date this Agreement comes into force. Your first FIT Payment may include accrued payments from the Eligibility Date. 4.5 If You are or the Nominated Recipient is a domestic customer and are not VAT registered, payment will be made by BACs or cheque (as You or the Nominated Recipient may elect) or such other payment method that We may offer. 4.6 If you’re registered for VAT, you agree to sign a self-billing agreement form that lets us (if we agree to) produce self-billed invoices for your Export Payments or Deemed Export Payments. This means you agree not to issue any VAT or other invoices for Export Payments or Deemed Export Payments due under the FIT scheme. You must give us your VAT registration number and agree to tell us immediately if your VAT number changes or if you stop being VAT registered. You agree to tell us immediately if you transfe...
Sample 1
FIT Payments. 5.1. Subject to the other terms of these statement of terms, the Supplier will pay the Generator the FIT Payments set out in the Government Tariff Level Table on an annual basis as long as the FIT Generation Installation is within its Tariff lifetime as set out in the Government Tariff Level Table, the Generator continues to comply with this agreed statement of terms and the Generator provides the Supplier with meter readings according to the timetable requested by the Supplier; 5.2. FIT Payments will be calculated from the date which is the later of: 5.2.1. the date the FIT Generation Installation is installed; 5.2.2. the date the FIT Generation Installation is commissioned; 5.2.3. 1 April 2010; or
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FIT Payments. 4.1 The Generator acknowledges and agrees that FIT Payments shall: (a) accrue from the Eligibility Date (or the Transfer Date where applicable), or the date of the first Meter Reading if taken on such other later date; (b) be payable only once EDF Energy has confirmed that it has received from the Generator a hard copy of a validly executed version of this FIT Statement of Terms; and (c) be subject to variation where there is an Extension or Reduction or as otherwise set out in clause 16.6 of this Agreement. (d) ADÄO@X@AKDÄNMKXÄHMÄQDRODBSÄNEÄDKDBSQHBHSXÄFDMDQ@SDCÄAXÄSGDÄ BBQDCHSDCÄ%(3Ä(MRS@KK@SHNM Ä@MCÄ@BBNQCHMFKXÄHEÄ$#%Ä$MDQFXÄ ÄÄÄÄÄÄQD@RNM@AKXÄBNMRHCDQRÄSG@SÄ@MXÄ,DSDQÄ1D@CHMFÄHMBKTCDRÄDKDBSQHBHSXÄFDMDQ@SDCÄAXÄ@MXÄNSGDQÄRNTQBDÄ ENQÄDW@LOKD ÄVHSGNTSÄ ÄÄÄÄÄÄKHLHS@SHNM ÄDKDBSQHBHSXÄEQNLÄ@ÄBN KNB@SDCÄRSNQ@FDÄCDUHBDÄVGHBGÄG@RÄMNSÄADDMÄFDMDQ@SDCÄAXÄSGDÄ BBQDCHSDCÄ%(3Ä(MRS@KK@SHNM Ä ÄÄÄÄÄÄ$#%Ä$MDQFXÄRG@KKÄCDSDQLHMDÄSGDÄOQNONQSHNMÄNEÄRTBGÄ,DSDQÄ1D@CHMFÄHMÄQDRODBSÄNEÄVGHBGÄ%(3Ä/@XLDMSRÄ@QDÄO@X@AKD 4.2 EDF Energy shall pay to the Generator the FIT Payments quarterly for any electricity which the Generator has generated and where applicable exported, provided that the Generator has: (a) provided EDF Energy with the Opening Meter Reading (with respect to the Generation Meter) and Regular Meter Readings, in accordance with clause 5 below; (b) provided EDF Energy with Valid Meter Readings for the Generation Meter upon validation on the Eligibility Date and Meter Reading Months, and for consecutive Meter Reading Months thereafter j3VNÄ "NMRDBTSHUDÄ5@KHCÄ (c) not submitted to EDF Energy any Invalid Meter Readings; (d) satisfied the Eligibility Criteria (and such criteria continues to be satisfied); (e) provided EDF Energy with Declarations, as and when required; and (f) registered the Export Meter under the BSC in the name of EDF Energy. 4.3 The Generator may be entitled to receive FIT Payments, that being the Generation Payments and where applicable Export Payments, which shall be calculated as follows: (a) Ä&DMDQ@SHNMÄI@XLDMSRÄ– Generation Payments shall be based on Valid Meter Readings taken from the Generation Meter and the Generation Tariff. The Generation Payment shall be exclusive of VAT; (b) Ä$WONQSÄI@XLDMSRÄ– Export Payments shall be based on Valid Meter Readings taken from the relevant Export Meter, and the Export Tariff, provided that an Opening Meter Reading for the Export Meter has been recorded on the Central FIT Register. Where the Accredited FIT installat...
Sample 1
FIT Payments. 6.1 We’ll give you FiT Payments quarterly, but only if you give us a Valid Meter Reading within the Reading Window. We’ll do everything we can to pay you within ten Working Days after we get your Valid Meter Reading. 6.2 Your Generation Tariffs or Export Tariffs are RPI-linked and the Secretary of State may change them annually. The Secretary of State could change the Generation Tariff or Export Tariff at any point. If this happens, you’ll see these changes reflected in your next payment statement after the tariff change. 6.3 If the Authority tells us you’ve been suspended or removed from the Central FiT Register, we’ll stop your FiT Payments. We’ll only continue paying you once the Authority, after lifting your suspension, tells us to. 6.4 We reserve the right to reduce, withhold or recover FiT Payments if it has been identified that you, we or the Authority have made an error in relation to the FiT scheme, FiT Payments made or if the Authority has identified an abuse of the scheme. 6.5 For details about the VAT treatment of FiT payments, please see Clause 9.
Sample 1
FIT Payments. 5.1. Subject to the other terms of these statement of terms, the Supplier will pay the Generator the FIT Payments set out in the Government Tariff Level Table on an annual basis as long as the FIT Generation Installation is within its Tariff lifetime as set out in the Government Tariff Level Table, the Generator continues to comply with this agreed statement of terms and the Generator provides the Supplier with meter readings according to the timetable requested by the Supplier; 5.2. FIT Payments will be calculated from the date which is the later of: 5.2.1. the date the FIT Generation Installation is installed; 5.2.2. the date the FIT Generation Installation is commissioned; 5.2.3. 1 April 2010; or 5.2.4. the date the Supplier is registered as the FIT supplier for the FIT Generation Installation on the Central FIT Register if it has switched to the Supplier from another supplier. 5.2.5. The Eligibility Date of the installation - The Eligibility Date (except for community energy installations and school installations) is defined as the later of: The date, as applicable of receipt by Ofgem of a FIT Generators written request for ROO-FIT accreditation in a form acceptable to the Authority; The date of receipt by a FIT Supplier of a FIT Generators written request for MCS- certified registration, accompanied by an MCS Certificate for the installation and any other supporting documents required; The date on which the installation is Commissioned or 1 April 2010. 5.3. The Supplier will pay to the Generator FIT Payments in the next payment period after the date: 5.3.1. the FIT Generation Installation is entered onto the Central FIT Register; or 5.3.2. the Generator agrees to this Statement of Terms, whichever is later. 5.4. A generator who has a registered ROO installation and intends to participate in the FIT shall only be entitled to accrued payments for a maximum period of 6 months between the applicable dates in clauses 5.2 and 5.3. 5.5. FIT Payments will be based on the Generation Meter Readings the Generator provides to the Supplier and the data from the Central FIT Register applicable to the FIT Generation Installation. 5.6. The Supplier reserves the right to withhold FIT Payments if instructed to do so by the Authority. 5.7. If the Generator has more than one FIT Generation Installation which are not being measured separately and are the same type of FIT Generation Installation, the Supplier shall pro-rate the FIT Payments due to the Generator based on th...
Sample 1
FIT Payments. 6.1 We’ll give you FiT Payments quarterly, but only if you give us a Valid Meter Reading within the Reading Window. We’ll do everything we can to pay you within ten Working Days after we get your Valid Meter Reading.
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FIT Payments. Generation Tariff Code: Export Tariff Code: Generation Tariff applying at the confirmation date: Export Tariff applying at the confirmation date: Method of Payment: Account Number: Sort Code: Invoicing Address:
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FIT Payments. 6.1 FiT Payments will be made quarterly, subject to receipt of a Valid Meter Reading within the Reading Window. We will take all reasonable steps to make your payment within 10 Working Days of receipt of a Valid Meter Reading. 6.2 Your Generation Tariff and/or Export Tariff are RPI linked and may be subject to an annual change by the Secretary of State. The Secretary of State could change the Generation Tariff and/or Export Tariff at any point. If this happens, these changes will be reflected in your next payment statement following the tariff change. 6.3 If we are notified by the Authority that you are suspended or removed from the Central FiT Register we will cease FiT Payments until we are notified by the Authority that your suspension has been lifted and we should recommence making FiT Payments. 6.4 FiT Payments are made by reference to data held in the Central FiT Register, therefore, it is important that you complete your Annual Declaration to ensure it is accurate and up to date. 6.5 We reserve the right to reduce, withhold or recover FiT Payments if it has been identified that you, we or the Authority have made an error in relation to the FiT scheme or if the Authority has identified an abuse of the scheme. 6.6 For details regarding the VAT treatment of FiT Payments please see clause 9.
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Related to FIT Payments

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Tax Benefit Payments Section 3.01. Payments 9 Section 3.02. No Duplicative Payments 10

  • FILOT PAYMENTS Pursuant to Section 12-44-50 of the FILOT Act, the Company and any Sponsor Affiliates, as applicable, are required to make payments in lieu of ad valorem taxes to the County with respect to the Economic Development Property. Inasmuch as the Company anticipates an initial investment of sums sufficient for the Project to qualify for a fee in lieu of tax arrangement under Section 12-44-50(A)(1) of the FILOT Act, the County and the Company have negotiated the amount of the FILOT Payments in accordance therewith. The Company and any Sponsor Affiliates, as applicable, shall make payments in lieu of ad valorem taxes on all Economic Development Property which comprises the Project and is placed in service, as follows: the Company and any Sponsor Affiliates, as applicable, shall make payments in lieu of ad valorem taxes during the Exemption Period with respect to the Economic Development Property or, if there are Phases of the Economic Development Property, with respect to each Phase of the Economic Development Property, said payments to be made annually and to be due and payable and subject to penalty assessments on the same dates and in the same manner as prescribed by the County for ad valorem taxes. The determination of the amount of such annual FILOT Payments shall be in accordance with the following procedure (subject, in any event, to the procedures required by the FILOT Act):

  • ANNUITY PAYMENTS Annuity Payments will commence on the Annuity Payment Date. Payments are made under the Annuity Payment Option selected (see Section 8.02).

  • Net Payments (a) Except as provided for in Section 3.03(b), all payments made by the Borrower hereunder, under any Note or any other Loan Document, including all payments made by the Borrower pursuant to its guaranty obligations under Section 2.15, will be made free and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding, with respect to the Administrative Agent, any Lender, or any other recipient of any payment made by the Borrower hereunder, (i) any tax imposed on or measured by the net income or net profits of such Person and franchise taxes imposed on it pursuant to the laws of the jurisdiction under which such Lender is organized or the jurisdiction in which the principal office or Applicable Lending Office of such Lender, as applicable, is located or in which it is otherwise doing business or any subdivision thereof or therein, and (ii) any branch profits or similar taxes imposed by any jurisdiction in which such Person is located) and all interest, penalties or similar liabilities with respect to such non-excluded taxes, levies imposts, duties, fees, assessments or other charges other than those resulting from the gross negligence or willful misconduct of the Administrative Agent, any Lender, or any other recipient of any payment made by the Borrower hereunder (all such non-excluded taxes, levies, imposts, duties, fees, assessments or other charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed, the Borrower agrees to pay the full amount of such Taxes and such additional amounts (including additional amounts to compensate for withholding on amounts paid pursuant to this Section 3.03) as may be necessary so that every payment by it of all amounts due hereunder, under any Note or under any other Loan Document, after withholding or deduction of any Taxes will not be less than the amount provided for herein or in such Note or in such other Loan Document. The Borrower will indemnify and hold harmless any Lender, and reimburse such Lender upon its written request, for the amount of any Taxes imposed on and paid by such Lender. The Borrower will furnish to the Administrative Agent within 45 days after the date the payment of any Taxes, or any withholding or deduction on account thereof, is due pursuant to applicable law certified copies of tax receipts, or other evidence reasonably satisfactory to the respective Lender, evidencing such payment by the Borrower. (b) Each Lender that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) for federal income tax purposes and that is entitled to claim an exemption from or reduction in United States withholding tax with respect to a payment by Borrower agrees to provide to the Borrower and the Administrative Agent on or prior to the Closing Date, or in the case of a Lender that is an assignee or transferee of an interest under this Agreement pursuant to Section 11.06 (unless the respective Lender was already a Lender hereunder immediately prior to such assignment or transfer and such Lender is in compliance with the provisions of this Section), on or prior to the date of such assignment or transfer to such Lender, and from time to time thereafter if required by the Borrower or the Administrative Agent two accurate and complete original signed copies of Internal Revenue Service Forms W-8BEN, W-8ECI, W-8EXP or W-8IMY (or successor, substitute or other appropriate forms and, in the case of Form W-8IMY, complete with accompanying Forms W-8BEN with respect to beneficial owners of the payment) certifying to such Lender’s entitlement to exemption from or a reduced rate of withholding of United States withholding tax with respect to payments to be made under this Agreement, any Note or any other Loan Document, along with any other appropriate documentation establishing such exemption or reduction (such as statements certifying qualification for exemption with respect to portfolio interest). In addition, each Lender agrees that from time to time after the Closing Date, when a lapse in time or change in circumstances renders the previous certification obsolete or inaccurate in any material respect, it will deliver to the Borrower and the Administrative Agent two new accurate and complete original signed copies of the applicable Internal Revenue Service form establishing such exemption or reduction (such as statements certifying qualification for exemption with respect to portfolio interest) and any related documentation as may be required to confirm or establish the entitlement of such Lender to a continued exemption from or reduction in United States withholding tax if the Lender continues to be so entitled. No Lender shall be required by this Section 3.03(b) to deliver a form or certificate that it is not legally entitled to deliver. The Borrower shall not be obligated pursuant to Section 3.03(a) to pay additional amounts on account of or indemnify with respect to Taxes to the extent that such Taxes arise solely due to a Lender’s failure to deliver forms that it was legally entitled to but failed to deliver under this Section 3.03(b). The Borrower agrees to pay additional amounts and indemnify each Lender in the manner set forth in Section 3.03(a) in respect of any Taxes deducted or withheld by it as a result of any changes after the date such Lender becomes party to this Agreement in any applicable law, treaty, governmental rule, regulation, guideline or order, or in the interpretation thereof, relating to the deducting or withholding of income or similar Taxes. (c) Each Lender or Administrative Agent that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) for federal income tax purposes shall deliver at the time(s) and in the manner(s) prescribed by applicable law, to the Borrower and the Administrative Agent (as applicable), a properly completed and duly executed Internal Revenue Service Form W-9 or any successor form, certifying that such Person is exempt from United States backup withholding tax on payments made hereunder. The Borrower shall not be obligated pursuant to Section 3.03(a) to pay additional amounts on account of or indemnify with respect to Taxes to the extent that such Taxes arise solely due to a Person’s failure to deliver forms that it was legally entitled to but failed to deliver under this Section 3.03(c). (d) If any Lender, in its reasonable discretion, determines that it has finally and irrevocably received or been granted a refund in respect of any Taxes as to which indemnification has been paid by the Borrower pursuant to this Section 3.03, it shall promptly remit such refund (including any interest received in respect thereof), net of all out-of-pocket costs and expenses to the Borrower; provided, however, that the Borrower agrees to promptly return any such refund (plus interest) to such Lender in the event such Lender is required to repay such refund to the relevant taxing authority. Any such Lender shall provide the Borrower with a copy of any notice of assessment from the relevant taxing authority (redacting any unrelated confidential information contained therein) requiring repayment of such refund. Nothing contained herein shall impose an obligation on any Lender to apply for any such refund.

  • Income Payments Seller shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the Securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had not been sold to Buyer. Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or (ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed.

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-FOUR THOUSAND TWO HUNDRED SEVEN and 04/100 Dollars ($34,207.04) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.

  • Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

  • Merit Pay It is the parties’ intent to not simultaneously provide employees with both: a) the wage premiums referenced in Subsection A of this Agreement, and b) an above-top-step merit premium program. Therefore, existing bargaining units with employees which have eligibility for above-top-step merit pay as provided under KCC 3.15.020(C)(3) and

  • Longevity Payments Each July 1, the District will determine the eligibility of employees for longevity payments under this Section, to be paid in one lump sum payment during the following June. Amounts paid shall be as follows: Completed years of service as of July 1 Amount to be paid the following June 20-24 $300.00 25-29 $400.00 30 or more $500.00 The longevity set forth in this Section shall only be paid in the case where the employee has worked the full work year.

Most Referenced Clauses

Most Referenced Definitions