Formula Rate Sample Clauses

Formula Rate. The Formula Rate for the Monthly Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + FOM ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - NESC ($/mo) - OPC ($/mo) + CPA ($/mo) - RCLC where : FPP = Fixed Project Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part A FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 5.2(d), Part B VOM = Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 5.2(d), Part C FC = Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part D CRA = Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part E NESC = Net Energy Sales Credit, expressed in dollars per month OPC = Other Products Credit, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part F CPA = Contract Price Adjustment, expressed in dollars per month, as defined in section 5.2(d)(ix). RCLC = Rate Cap Limit Credit, calculated as set forth in section 6.3. ORF = Ordered Reconciliation Factor, expressed in dollars per month, as defined in Section 5.2(f).
Sample 1See All (4)
Formula Rate. 12 Class A-6 Distribution Amount ......................................... 12 Class A-6 Interest Carry Forward Amount ............................... 12 Class A-9 Interest Distribution Amount ................................ 12
Sample 1
Formula Rate. 20 GreenPoint..............................................................................................20
Sample 1
Formula Rate. The Formula Rate for the Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - OPR ($/mo) - FPRC ($/mo) where : (a) FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 6.3(b) VOM= Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 6.3(c) FC= Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 6.3(d) CRA= Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 6.3(e) OPR= Other Products Revenue, expressed in dollars per month, for the Project Cost categories listed in Exhibit 6.3(f) FPRC = Fixed Payment Revenue Credit, expressed in dollars per month, for Fixed Project Payment revenue received in excess of the debt service payable in the previous Contract Year after taking into account the allowed rate of return for Project Equity Investors, if any, lender debt service coverage ratio requirements and other customary financing requirements
Sample 1

Related to Formula Rate

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.