Common use of Interim Period Payment Clause in Contracts

Interim Period Payment. From the date that (i) O&R 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”), O&R 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 revenue the Project derives from NYISO Markets and any and all costs of the Project.‌

Interim Period Payment. From the date that (i) O&R 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”), O&R RG&E shall be entitled to seventy percent (70%XX%) of the net positive netpositive revenue from the sale of Product from the Project (“Pre-COD Sales”) and Owner shall be entitled beentitled to thirty percent (30%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 revenue the Project derives from NYISO Markets revenue and any and anyand all costs of in connection with the Project.‌Project.

Interim Period Payment. From the date that (i) O&R 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”), O&R 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 revenue the Project derives from NYISO Markets revenue and any and all costs of in connection with the Project.‌

Interim Period Payment. From the date that (i) O&R 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”), O&R RG&E shall be entitled to seventy _____ percent (70%XX%) 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%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 revenue the Project derives from NYISO Markets revenue and any and all costs of in connection with the Project.‌Project.