JCP&L Failure to Provide for Payment of Second Component Sample Clauses

JCP&L Failure to Provide for Payment of Second Component. The Second Component shall (i) in the event of a shortfall in any monthly payment from JCP&L under the Amended and Restated Power Purchase Agreement, be reduced by the product of the Second Component times the Pro Rata Factor, or (ii) be eliminated upon a termination of the Amended and Restated Power Purchase Agreement for any reason other than due to the occurrence and continuance of an Event of Default of NJEA; provided, however, there shall be no reduction or elimination of the Second Component hereunder to the extent that JCP&L fails to make payments to NJEA under the Amended and Restated Power Purchase Agreement due to an Event of Default of NJEA under such agreement; provided, further, that to the extent that NJEA later recovers all or a portion of any payment shortfalls from JCP&L, NJEA shall re-calculate the Pro Rata Factor for the applicable period and shall pay to Hercules an amount equal to the difference between the amount originally paid pursuant to Section 3.2(b)(i) above and the amount payable following such recalculation. "Pro Rata Factor" shall mean the fraction, the numerator of which is the shortfall in the amount paid by JCP&L under the Amended and Restated Power Purchase Agreement for the applicable period and the denominator of which is the amount properly invoiced by NJEA under such agreement for the applicable period.
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