Method of Calculating ACOT Sample Clauses

Method of Calculating ACOT. (a) From April 2008 ACOT will be paid in the following way: (i) The Annual Interconnection Charge that NWL pays to Transpower is determined from NWL’s demand offtake at the GXP coincident with the Regional Peak Demand Periods occurring during the Capacity Measurement Period relevant for the applicable Pricing Year. (ii) ACOT will not be paid to the Generator until electricity from the Generating Station is generated within the Capacity Measurement Period relevant for the applicable Pricing Year. (iii) ACOT will be a fixed amount each year, using the Regional Peak Demand Periods and Regional Coincident Peak Demand applicable for the GXP and as notified by Transpower during the Capacity Measurement Period for the applicable Pricing Year. (iv) ACOT will be calculated using the Transpower Interconnection Rate applicable to the Pricing Year. (v) The annual ACOT amount will be the difference between: i. the average of the Regional Coincident Peak Demand at the GXP (as notified by Transpower); and ii. the average of NWL’s net demand off take (in kW), as measured at the GXP, plus the net electricity (in kW) injected into the NWL’s Network by the Generation Station at the Generator’s Connection Point for each Regional Peak Demand Period. (vi) Paid in 12 equal portions (if annual payment exceeds $24,000) by the 20th day of each month during the Pricing Year to the Generator. (b) The Generator agrees that any payment due to the Customer in respect of the ACOT payment may be netted off by NWL against any Network Charges due and payable by the Generator to NWL. If, at any time while the Distributed Generation connection is connected to NWL’s network, and Transpower changes its pricing methodology such that the ACOT calculation method described in clauses above is or will become obsolete, the parties agree that NWL shall nonetheless pay the Generator the ACOT amount determined that is applicable in that Pricing Year. Following which, ACOT determination will be on the basis of the new Transpower methodology.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Method of Calculating ACOT

  • Method of Calculation All calculations under this Section 4 shall be made to the nearest one hundredth of a share.

  • Method of Computation To determine the Adviser’s liability with respect to the Excess Amount, each month the Fund Operating Expenses for the Fund shall be annualized as of the last day of the month. If the annualized Fund Operating Expenses for any month exceeds the Operating Expense Limit of the Fund, the Adviser shall first waive or reduce its investment advisory fee for such month by an amount sufficient to reduce the annualized Fund Operating Expenses to an amount no higher than the Operating Expense Limit. If the amount of the waived or reduced investment advisory fee for any such month is insufficient to pay the Excess Amount, the Adviser shall also remit to the Fund an amount that, together with the waived or reduced investment advisory fee, is sufficient to pay such Excess Amount.

  • Method of Measurement All linear and area measurements under this Agreement are measured on the horizontal plane, unless specified otherwise in an attached Schedule.

  • Method of Billing Consultant may submit invoices to the City for approval on a progress basis, but no more often than two times a month. Said invoice shall be based on the total of all Consultant’s services which have been completed to City’s sole satisfaction. City shall pay Consultant’s invoice within forty-five (45) days from the date City receives said invoice. Each invoice shall describe in detail, the services performed, the date of performance, and the associated time for completion. Any additional services approved and performed pursuant to this Agreement shall be designated as “Additional Services” and shall identify the number of the authorized change order, where applicable, on all invoices.

  • Method of Adjustment Calculation Agent Adjustment; notwithstanding anything in the 2002 Definitions to the contrary, the Calculation Agent may make an adjustment pursuant to Calculation Agent Adjustment to any one or more of the Base Amount, the Forward Price and any other variable relevant to the settlement or payment terms of the Transaction.

  • Method of Giving Consent Any consent of a member required by this Agreement may be given by a written consent.

  • Method of Accounting The Company will use the method of accounting previously determined by the Members for financial reporting and tax purposes.

  • Method of Distribution (a) All distributions with respect to each Class of Certificates on each Distribution Date shall be made pro rata among the outstanding Certificates of such Class, based on the Percentage Interest in such Class represented by each Certificate. Payments to the Certificateholders on each Distribution Date will be made by the Trustee to the Certificateholders of record on the related Record Date by check or money order mailed to a Certificateholder at the address appearing in the Certificate Register, or upon written request by such Certificateholder to the Trustee made not later than the applicable Record Date, by wire transfer to a U.S. depository institution acceptable to the Trustee, or by such other means of payment as such Certificateholder and the Trustee shall agree. (b) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, which shall credit the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each financial intermediary for which it acts as agent. Each such financial intermediary shall be responsible for disbursing funds to the Certificate Owners that it represents. All such credits and disbursements with respect to a Book-Entry Certificate are to be made by the Depository and the Depository Participants in accordance with the provisions of the applicable Certificates. Neither the Trustee nor the Master Servicer shall have any responsibility therefor except as otherwise provided by applicable law. (c) The Trustee shall withhold or cause to be withheld such amounts as it reasonably determines are required by the Code (giving full effect to any exemptions from withholding and related certifications required to be furnished by Certificateholders or Certificate Owners and any reductions to withholding by virtue of any bilateral tax treaties and any applicable certification required to be furnished by Certificateholders or Certificate Owners with respect thereto) from distributions to be made to Non-U.S.

  • METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the [Apartment/Plot] bears to the total carpet area of all the [Apartments/Plots] in the Project.

  • Method of Allocation The Employer must specify in its Adoption Agreement the manner of allocating each annual Employer contribution to this Trust.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!