Interconnection Cost Adjustment Sample Clauses

Interconnection Cost Adjustment. The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Delivery Point where appropriate. On or before the date that is ninety (90) days prior to the commencement of the Contract Delivery Term, Seller shall make available or cause to be made available to NYSERDA all books and records reasonably necessary for NYSERDA to quantify the Interconnection Cost Allocation. To the extent Interconnection Net Savings exist, the Index OREC Strike Price will be reduced by the Interconnection Price Reduction, calculated as follows: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) × RF P50 Annual OREC Exceedance where: NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000. RF = Recovery Factor of 0.0985 for projects with a 20-year term; 0.0901 for projects with a 25-year term]. [For projects with interconnection cost sharing: To the extent Interconnection Shareable Costs exist, the Index OREC Strike Price or Fixed OREC Price will be increased by the Interconnection Price Increase, calculated as follows: where: NYSERDA Interconnection Cost Share = 50% (of additional costs specifically related to the Project’s interconnection agreement above the Cost Sharing Threshold.) RF = Recovery Factor of 0.0985 for projects with a 20-year term / 0.0901 for projects with a 25-year term]. For any incremental costs incurred as a result of matters within the reasonable control of the Selected Project, including but not limited to (x) a change in Injection Point or (y) increases in the amount of requested interconnection capacity (“Interconnection Elective Project Costs”) to be counted as Interconnection Shareable Costs, the Project must first request approval from NYSERDA. NYSERDA will approve the request if NYSERDA concludes, in its sole discretion, that the incurrence of such Interconnection Elective Project Costs would provide net benefits to ratepayers either through (i) increased energy deliverability at appropriate cost, (ii) net savings on a system-wide basis, or otherwise.] .
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Interconnection Cost Adjustment. In the event of a difference between the Interconnection Cost Allocation Baseline and the Interconnection Cost Allocation, the Index REC Strike Price or Fixed REC Price, as applicable, shall be adjusted as set forth in Exhibit M.
Sample 1
Interconnection Cost Adjustment. (a) The Seller shall make commercially reasonable efforts to minimize the Interconnection Cost Allocation. (b) On or before the date that is 90 days prior to the commencement of the Contract Delivery Term, Seller shall make available or cause to be made available to NYSERDA all books and records reasonably necessary for NYSERDA to quantify the Interconnection Cost Allocation. (c) To the extent that the Interconnection Cost Allocation is greater than the Interconnection Cost Allocation Baseline, the Index REC Strike Price or Fixed REC Price will be increased by the Interconnection Price Increase, calculated as follows: Interconnection Price Increase = Cost Allocation Increase ($) × RF Bid Quantity Cost Allocation Increase = Interconnection Cost Allocation less Interconnection Cost Allocation Baseline. RF = Recovery Factor of 0.09623. To the extent that the Interconnection Cost Allocation is less than the Interconnection Cost Allocation Baseline, the Index REC Strike Price or Fixed REC Price will be decreased by the Interconnection Price Reduction, calculated as follows: Interconnection Price Reduction =
Sample 1
Interconnection Cost Adjustment. (a) The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Delivery Point where appropriate. (b) On or before the date that is ninety (90) days prior to the commencement of the Contract Delivery Term, Seller shall make available or cause to be made available to NYSERDA all books and records reasonably necessary for NYSERDA to quantify the Interconnection Cost Allocation. (c) To the extent Interconnection Net Savings exist, the Index OREC Strike Price will be reduced by the Interconnection Price Reduction, calculated as follows: 𝑃50 𝐴𝑛𝑛𝑢𝑎𝑙 𝑂𝑅𝐸𝐶 𝐸𝑥𝑐𝑒𝑒𝑑𝑎𝑛𝑐𝑒 NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000. RF = Recovery Factor of 0.0781. (d) Reserved.
Sample 1

Related to Interconnection Cost Adjustment

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted at the end of each design phase in accordance with this Agreement. The Construction Cost Budget does not include the compensation of the Architect and the Architect’s Consultants, the cost of land, rights-of-way, financing or other costs which are the responsibility of the District, including construction management.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Interconnection Facilities 4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the NYISO, and the Connecting Transmission Owner. 4.1.2 The Interconnection Customer shall be responsible for its share of all reasonable expenses, including overheads, associated with (1) owning, operating, maintaining, repairing, and replacing its own Interconnection Facilities, and

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Interconnection Customer’s Interconnection Facilities The Interconnection Customer shall design, procure, construct, install, own and/or control the Interconnection Customer’s Interconnection Facilities described in Appendix A at its sole expense.

  • Cost of Living Adjustments Effective December 1, 2021, Compensation Plan salary rates shall be increased by two and five tenths percent (2.5%) but not less than eighty-five dollars ($85) per month (prorated for part-time employees). Effective December 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees). (See Appendix C & E.)

  • Mechanical Adjustments If the Company shall pay a dividend in shares of its Common Stock (other than payments of Common Stock as interest on preferred stock), subdivide (split) its outstanding shares of Common Stock, combine (reverse split) its outstanding shares of Common Stock, issue by reclassification of its shares of Common Stock any shares or other securities of the Company, or distribute as a stock dividend to holders of its Common Stock any securities of the Company or of another entity, the number of shares of Common Stock or other securities the Holder hereof is entitled to purchase pursuant to the Warrants immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive upon exercise the number of shares of Common Stock or other securities which he, she or it would have owned or would have been entitled to receive after the happening of any of the events described above had the Warrant been exercised immediately prior to the happening of such event, and the Exercise Price shall be correspondingly adjusted; provided, however, that no adjustment in the number of shares and/or the Exercise Price shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in such number and/or price; and provided further, however, that any adjustments which by reason of this Section 11 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. An adjustment made pursuant to this Section 11 shall become effective immediately after the record date in the case of a stock dividend or other distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. The Holder shall be entitled to participate in any subscription or other rights offering made to holders of Common Stock as if he, she or it had purchased the full number of shares as to which the Warrant remains unexercised immediately prior to the record date for such rights offering.

  • Cost of Living Adjustment For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W (defined below) or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to both parties. As used herein, “CPI-W” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-84=100), as published by the United States Department of Labor, Bureau of Labor Statistics.

  • Construction Costs Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.

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