Common use of Monthly Support Payments Clause in Contracts

Monthly Support Payments. ‌ (a) The Parties shall, in consideration of the performance of each other's respective obligations hereunder, including the AESO's obligation to promote the development of the Project by making support payments as contemplated hereunder, and the Generator's obligation to develop, finance, build, own, operate and maintain the Project and to transfer the Renewable Attributes to the AESO, calculate a Difference Amount for each Settlement Interval and a Monthly Support Payment for each Settlement Period, all in accordance with sub-sections 6.2(b) and (c). (b) For each Settlement Interval in a Settlement Period during the Support Period, the Difference Amount shall be an amount equal to: (i) the Metered Energy multiplied by the Strike Price applicable during the corresponding calendar year; minus (ii) the Metered Energy multiplied by the Pool Price for such Settlement Interval; (c) The Monthly Support Payment for each Settlement Period during the Support Period shall be an amount equal to the sum of the Difference Amounts in respect of each Settlement Interval in such Settlement Period.

Appears in 2 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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Monthly Support Payments. ‌ (a) The Parties shall, in consideration of the performance of each other's respective obligations hereunder, including the AESO's obligation to promote the development of the Project by making support payments as contemplated hereunder, and the Generator's obligation to develop, finance, build, own, operate and maintain the Project and to transfer the Renewable Attributes to the AESO, calculate a Difference Amount Payment for each Settlement Interval and a Monthly Support Payment for each Settlement Period, all in accordance with sub-sections 6.2(b) and (c). (b) For each Settlement Interval in a Settlement Period during the Support Period, the Difference Amount Payment shall be an amount equal to: (i) the Metered Energy multiplied by the Strike Price applicable during the corresponding calendar year; minus (ii) the Metered Energy multiplied by the Pool Price for such Settlement Interval; (c) The Monthly Support Payment for each Settlement Period during the Support Period shall be an amount equal to the sum of the Difference Amounts Payments in respect of each Settlement Interval in such Settlement Period.

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

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Monthly Support Payments. (a) The Parties shall, in consideration of the performance of each other's respective obligations hereunder, including the AESO's obligation to promote the development of the Project by making support payments as contemplated hereunder, and the Generator's obligation to develop, finance, build, own, operate and maintain the Project and to transfer the Renewable Attributes to the AESO, calculate a Difference Amount for each Settlement Interval and a Monthly Support Payment for each Settlement Period, all in accordance with sub-sections 6.2(b) and (c). (b) For each Settlement Interval in a Settlement Period during the Support Period, the Difference Amount shall be an amount equal to: (i) the Metered Energy multiplied by the Strike Price applicable during the corresponding calendar year; minus (ii) the Metered Energy multiplied by the Pool Price for such Settlement Interval; (c) The Monthly Support Payment for each Settlement Period during the Support Period shall be an amount equal to the sum of the Difference Amounts in respect of each Settlement Interval in such Settlement Period.

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

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