Imbalance Costs Sample Clauses

Imbalance Costs. The Receiving Agency shall bear all Imbalance Costs.
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Imbalance Costs. The Department recognizes that its purchases of Net Electrical Output are on a unit-contingent basis, and the actual amounts of Net Electrical Energy delivered in any hour depend on mechanical and climatic conditions prevailing at the Facility at the time of production, among other factors. Seller recognizes that CAISO may assess imbalance costs when the Net Electrical Output deviates from the amounts Dispatched by the Department and pre-scheduled with CAISO. Seller agrees, within Accepted Electrical Practices, to cooperate with the Department to minimize such imbalance costs. The Department shall bear any imbalance costs assessed by the CAISO, except to the extent the costs result from Seller’s failure to adhere to any Dispatch Notice for reasons other than prevailing mechanical or climatic conditions at the time of any such failure. Upon request, Seller shall provide operational and maintenance records for the Facility to the Department for review.
Sample 1
Imbalance Costs. The Department recognizes that its purchases of Net Electrical Output are on a unit-contingent basis, and the actual amounts of Net Electrical Energy delivered in any hour depend on mechanical and climatic conditions prevailing at the Facility at the time of production, among other factors (including, but not limited to, an inability to deliver Fuel to the Facility). Seller recognizes that CAISO may assess imbalance costs when the Net Electrical Output deviates from the amounts of available Energy Dispatched by the Department and pre-scheduled with CAISO. Seller agrees, within Accepted Electrical Practices, to cooperate with the Department to minimize such imbalance costs. The Department shall bear any imbalance costs assessed by the CAISO; provided, however, for the quarter beginning October 1, 2003, and for any Annual Period thereafter, Seller shall pay the Department an amount equal to ten dollars ($10) per MWh multiplied by the positive difference, if any, between (i) the Annual Imbalance, minus (ii) the Imbalance Tolerance, each calculated with respect to such Annual Period (such amount, the “Excess Imbalance Charge”). Seller shall pay the Excess Imbalance Charge, and shall provide the Department with calculations showing how the amount of such Excess Imbalance Charge was calculated, within 60 days following the end of the applicable Annual Period, or, if the data necessary to calculate such Excess Imbalance Charge is not available through no fault of Seller, within 30 days of receipt of such statement(s) required by Seller to make such calculation. In case of any dispute between Seller and Department regarding any Excess Imbalance Charge, Seller shall pay Department the undisputed portion thereof and the parties shall act in good faith to resolve such dispute within a reasonable period of time.
Sample 1

Related to Imbalance Costs

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Closing Costs and Prorations Taxes and assessments for the current year, if any, shall be prorated between the prior owner of the Personal Property and Buyer as of the date of closing. Seller shall pay one-half (½) of Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at Buyer’s option; (3) lender fees, if any, together with all associated recording fees, if any; and (4) any other cost, fee, or expense which may be reasonably required in order for the transaction to close.

  • Allowable Costs Allowable Costs are restricted to costs that comply with the Texas Uniform Grant Management Standards (UGMS) and applicable state and federal rules and law. The Parties agree that all the requirements of the UGMS apply to this Contract, including the criteria for Allowable Costs. Additional federal requirements apply if this Contract is funded, in whole or in part, with federal funds.

  • Direct Expenses 1. Fees and expenses of its directors (including the fees of those directors who are deemed to be "interested persons" of the Fund as that term is defined in the Investment Company Act of 1940) and the meetings thereof;

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Closing Costs The costs attributed to the Closing of the Property shall be the responsibility of ☐ Buyer ☐ Seller ☐ Both Parties. The fees and costs related to the Closing shall include but not be limited to a title search (including the abstract and any owner’s title policy), preparation of the deed, transfer taxes, recording fees, and any other costs by the title company that is in standard procedure with conducting the sale of a property.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Direct Charges To the extent Cash-based Expenses are incurred by the Contractor, the Contractor shall be reimbursed for reasonable and necessary actual direct costs incurred (e.g., equipment, supplies, travel and other costs directly associated with the performance of the Agreement) to the extent required in the performance of the Work and to the extent such costs are anticipated in the Budget. Travel, lodging, meals and incidental expenses shall be reimbursed for reasonable and necessary costs incurred. Costs shall not exceed the daily per diem rates published in the Federal Travel Regulations. Reimbursement for the use of personal vehicles shall be limited to the Internal Revenue Service business standard mileage rate in effect at the time the expense was incurred.

  • Service Costs Service Costs are direct and indirect expenditures incurred in support of Petroleum Operations in the Contract Area, including expenditures on warehouses, piers, marine vessels, vehicles, motorized rolling equipment, aircraft, fire and security stations, workshops, water and sewerage plants, power plants, housing, community and recreational facilities and furniture and tools and equipment used in these activities. Service Costs in any Year shall include the costs incurred in such Year to purchase and/or construct the said facilities as well as the annual costs of maintaining and operating the same, each to be identified separately. All Service Costs shall be regularly allocated as specified in Sections 2.2.5, 2.3.5 and 2.4 to Exploration Costs, Development Costs and Production Costs and shall be separately shown under each of these categories. Where Service Costs are made in respect of shared facilities, the basis of allocation of costs to Petroleum Operations hereunder shall be specified.

  • Start-Up Costs 4.1.1 The Government of Ontario will provide:

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