Interim Period Payment. From the date that (i) CHGE has been designated as the Financially Responsible Party (as defined by the NYISO Tariff) for the Project and (ii) the Project has achieved Substantial Completion, but before the Project achieves Commercial Operation (“Interim Period”), CHGE shall be entitled to seventy percent (70%) of the net positive revenue from the sale of Product from the Project (“Pre-COD Sales”) and Owner shall be entitled to thirty percent (30%) of the net positive revenue from Pre-COD Sales. To the extent there are no net revenues, Owner shall be responsible for any net costs during the Interim Period. Before the Interim Period, Owner shall be entitled to any and all NYISO Markets revenue and any and all costs in connection with the Project.
Interim Period Payment. From the date that (i) RG&E has been designated as the Financially Responsible Party (as defined by the NYISO Tariff) for the Project and (ii) the Project has achieved Substantial Completion, but before the Project achieves Commercial Operation (“Interim Period”), RG&E shall be entitled to _____ percent (XX%) of the net positive revenue from the sale of Product from the Project (“Pre-COD Sales”) and Owner shall be entitled to _____ percent (XX%) of the net positive revenue from Pre-COD Sales. To the extent there are no net revenues, Owner shall be responsible for any net costs during the Interim Period. Before the Interim Period, Owner shall be entitled to any and all NYISO Markets revenue and any and all costs in connection with the Project.
Interim Period Payment. From the date that (i) NYSEG has been designated as the Financially Responsible Party (as defined by the NYISO Tariff) for the Project and (ii) the Project has achieved Substantial Completion, but before the Project achieves Commercial Operation (“Interim Period”), NYSEG shall be entitled to percent (XX%) of the net positive revenue from the sale of Product from the Project (“Pre-COD Sales”) and Owner shall be entitled to percent (XX%) of the net positive revenue from Pre-COD Sales. To the extent there are no net revenues, Owner shall be responsible for any net costs during the Interim Period. Before the Interim Period, Owner shall be entitled to any and all NYISO Markets revenue and any and all costs in connection with the Project.
Interim Period Payment. (a) As promptly as practicable after the Closing Date, but in no event later than 35 days after the Closing Date, the Company shall deliver to the Seller and the Purchaser a statement (the "Interim Period Statement") presenting the Company's cash receipts (the "Interim Period Receipts") and the Company's cash disbursements (the "Interim Period Disbursements"), in each case during the period commencing on the Balance Sheet Date and continuing through the close of business on the Closing Date (the "Interim Period"). Included as a component of the Interim Period Disbursements will be items incurred during the Interim Period by the Seller on behalf of the Company which are currently accounted for through the Intercompany Accounts Payable/Intercompany Accounts Receivable accounts for the following business expenses: (i) flexible spending and health, life and disability insurance premiums, (ii) 401(k) employer contributions, (iii) wide-area-network data line connectivity costs, (iv) Genesys Teleconferencing for conference calls and (v) Tiffany & Company for employee service awards. These Interim Period Rxxxxxxx and Interim Period Disbursements (exclusive of the Intercompany items described above) being defined respectively as increases to cash and decreases to cash according to GAAP. Promptly following receipt of the Interim Period Statement, the Seller and the Purchaser shall review the same and each of the Seller and the Purchaser shall use their best efforts to resolve any differences between them regarding the Interim Period Statement within the 10-day period following the Seller's and the Purchaser's receipt thereof. If the Seller and the Purchaser resolve all such differences and each sign a certificate to that effect, then the Interim Period Statement shall be final and binding on all the parties to this Agreement as of the date of such certificate. If by the end of such 10-day period, the Seller and the Purchaser cannot resolve any of such differences or can only resolve some of such differences, the items as to which such parties have agreed shall thereafter be final and binding on all the parties to this Agreement and the remaining differences shall be resolved as provided in Section 1.06; provided, however, that the accounting firm's written report described in Section 1.06 shall be delivered not later than 20 days after the expiration of the aforementioned 10-day period.
Interim Period Payment. Within 30 days after the Closing, the Seller shall provide Buyer with a statement of all cash received and expenses paid with respect to Call Box Operations between the Determination Date and the Closing Date (not including any payroll or accrued vacation with respect to the Affected Employees) (the “Interim Period Payment Statement”). To the extent the cash received exceeds the expenses paid with respect to the Call Box Operations, then Seller shall pay to Buyer the amount of such excess, as set forth in Section 1.9, below. To the extent the cash received is less than the expenses paid with respect to the Call Box Operations, then Buyer shall pay to Seller the amount of such excess, as set forth in Section 1.9, below. The purpose of any payment provided for in this Section 1.8 is to provide Buyer with the economic benefits and burdens of the Call Box Operations effective as of the Determination Date. For accounting and tax purposes, any payment made by Buyer or Seller under this Section 1.8, as the case may be, shall not be deemed an adjustment to the Purchase Price. Instead such payment shall be deemed ordinary income to the recipient and an expense to the payor.
