Monthly Fixed Payment Sample Clauses

Monthly Fixed Payment. During each month of the Delivery Term, Buyer shall pay Seller, in arrears, a monthly fixed payment (“Monthly Fixed Payment” or “MFP”) for the Units, as full payment for the right to receive the Products and the delivery of the Products associated with the Units, determined as follows. MFPm = [[(CPR + FOMR) x MAFm x MCCm] x AAm] where, MFPm is the Monthly Fixed Payment for the subject month; CPR is the Capacity Payment Rate; FOMR is the Fixed O&M Rate; MAFm is the monthly allocation factor set forth in Appendix XVI for such month; provided that ninety (90) days prior to a start of a full calendar year, Buyer may Notify Seller of modifications to Appendix XVI. Buyer may not modify Appendix XVI such that any individual month has a percentage allocation of less than four percent (4%) or greater than fifteen percent (15%); or such that the sum of the twelve products of the MFP for each month multiplied by the applicable MCC for that month is less than it would have been prior to the modification. The sum of the twelve (12) monthly allocation factors in any calendar year must equal one hundred percent (100%). MCCm is the Monthly Contract Capacity for such month; and AAm is the Availability Adjustment for such month, determined pursuant to Section 4.1(c). Examples of the calculation of the Monthly Fixed Payment are provided in Appendices XIV and XVII.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Monthly Fixed Payment. For each Billing Period “n”, the Parties shall calculate the monthly fixed payment for such Billing Period (the “Monthly Fixed Payment” or “MFPn”) as follows: MFPn = CPP × MCCn × FAAn × XXXx where: CPP = Capability Payment Price for such Billing Period, which in each Agreement Year shall equal the amount set out in the column captioned “CPP ($/MW-Month of MCC)” that corresponds to such year: Agreement Year CPP ($/MW-Month of MCC) [●] [●] [●] [●] provided that the values set out in the column captioned “CPP ($/MW-Month of MCC)” shall be reduced, in the event of any Resource Provider refinancing (which Resource Provider may carry out in its sole discretion) following PREPA’s emergence from the PREPA Bankruptcy or otherwise, to account for any savings accruing to Resource Provider from such refinancing in the following proportions:
Sample 1Sample 2
Monthly Fixed Payment o The monthly fixed payment from MacroCure to ARC for the Clean Room (the “Monthly Fixed Payment”) shall be *****. (To begin upon certification of the Clean Room by MicroClean (or other qualified entity) and continue for the period of the Initial term). This payment shall be prorated for any part month of Clean Room use. o The Monthly Fixed Payment shall be ***** per month for the Renewal Term. o For any month between month 18 and the end of the Initial Term or end of the Renewal Term, where no batches are being processed and Clean Room is not in use, a Dormant Fee of ***** will be charged in lieu of the Monthly Fixed Payment. o The relevant Monthly Fixed Payment shall be invoiced by ARC at the beginning of every month during the Term.
Sample 1Sample 2
Monthly Fixed Payment. The monthly fixed payment for the subject month (“Monthly Fixed Payment” or “MFPm”) will be calculated as follows: MFPm = CPP × MAFm × MCCm × AAm where, CPP is the Capability Payment Price, which in each Contract Year will be: Contract Year CPP ($/kW-year of MCC) [Bidder to complete] [Bidder to complete] MAFm is the monthly allocation factor set forth in Appendix VIII for such month; provided that at least ninety (90) days prior to the start of any Contract Year, Buyer may Notify Seller of modifications to Appendix VIII. Buyer may not modify Appendix VIII such that (1) any individual month has a percentage allocation of less than four percent (4%) or greater than fifteen percent (15%) and
Sample 1
Monthly Fixed Payment. The monthly fixed payment for the subject month (“Monthly Fixed Payment” or “MFPm”) will be calculated as follows: MFPm = CPP × MAFm × MCCm × max [(AAm - GEAm), 0] where, CPP is the Capability Payment Price, which in each Contract Year will be: Contract Year CPP ($/kW-year of MCC) [Bidder to complete] [Bidder to complete] MAFm is the monthly allocation factor set forth in Appendix VIII for such month; provided that at least ninety (90) days prior to the start of any calendar year during the Delivery Term, Buyer may Notify Seller of modifications to Appendix VIII. Buyer may not modify Appendix VIII such that (1) any individual month has a percentage allocation of less than four percent (4%) or greater than fifteen percent (15%) and (2) Seller would receive less than the full Capability Payment Price in any Contract Year due solely to the modification. The sum of the twelve (12) monthly allocation factors in any calendar year shall equal one hundred percent (100%). MCCm is the Monthly Contract Capability for such month as adjusted in accordance with Section 3.2; max [(AAm - GEAm), 0] is the greater of (AAm - GEAm) or zero; where, AAm is the Availability Adjustment for such month, determined pursuant to Section 3.3; and GEAm is the Guaranteed Efficiency Adjustment for such month, determined pursuant to Section 3.4. Examples of the calculation of the Monthly Fixed Payment are provided in Appendix XV.
Sample 1

Related to Monthly Fixed Payment

  • Delayed Payment Premium balances that remain unpaid for more than thirty (30) days after the Remittance Date will incur interest from the end of the reporting period. The Remittance Date is defined as thirty (30) days after the end of the reporting period. Interest will be calculated using the index specified in Article 13.5 − Interest Rate.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Estimated Payments During each calendar year or partial calendar year after the Base Year, in addition to Monthly Rent, Tenant shall pay to Landlord on the first day of each month an amount equal to one-twelfth (1/12) of the product of Tenant's Share multiplied by the "Estimated Operating Expenses" (defined below) for such calendar year. "Estimated Operating Expenses" for any calendar year means Landlord's reasonable estimate of Operating Expenses for such calendar year, less the Operating Expenses for the Base Year and shall be subject to revision according to the further provisions of this Section 5.2 and Section 5.3. During any partial calendar year, Estimated Operating Expenses shall be estimated on a full-year basis. During each December in which this Section 5.2 is applicable, or as soon after each December as practicable, Landlord shall give Tenant written notice of the Estimated Operating Expenses for the ensuing calendar year. On or before the first day of each month during the ensuing calendar year (or each month of the Term if the Term will expire before the end of the calendar year), Tenant shall pay to Landlord one-twelfth (1/12) of the product of Tenant's Share multiplied by the Estimated Operating Expenses for such calendar year; however, if such written notice is not given in December, Tenant shall continue to make monthly payments on the basis of the prior year's Estimated Operating Expenses until the month after such written notice is given, at which time Tenant shall commence making monthly payments based upon the revised Estimated Operating Expenses. In the month Tenant is first required to make a payment based upon the revised Estimated Operating Expenses, Tenant shall pay to Landlord for each month which has elapsed since December the difference between the amount payable based upon the revised Estimated Operating Expenses and the amount payable based upon the prior year's Estimated Operating Expenses. If at any time or times it reasonably appears to Landlord that the actual Operating Expenses for any calendar year will vary from the Estimated Operating Expenses for such calendar year, Landlord may, by written notice to Tenant, revise the Estimated Operating Expenses for such calendar year, and subsequent payments by Tenant in such calendar year shall be based upon such revised Estimated Operating Expenses.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Misdirected Payments To the extent there are any misdirected funds forwarded to Seller (or any of its Affiliates, if any) by any third parties, which misdirected funds are paid in respect of the performance of services by or on behalf of the Hospital from and after the Closing Date or with respect to the Accounts Receivable or other Acquired Assets, Seller shall remit such misdirected funds to Buyer within ten (10) Business Days after receipt thereof, to an account designated by Buyer.

  • Yield Payments On the Settlement Date for each Purchaser Interest of the Financial Institutions, Seller shall pay to the Agent (for the benefit of the Financial Institutions) an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of each such Purchaser Interest in accordance with Article II.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Payments of Post-Closing Adjustment Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account(s) as is directed by Buyer or Sellers, as the case may be.

Time is Money Join Law Insider Premium to draft better contracts faster.