Common use of Operational Adder Clause in Contracts

Operational Adder. In addition to the prices quoted above, Competitive Supplier shall collect an Operational Adder (a fee), if so directed by the Municipality. The Municipality shall provide a minimum of 30-day notice to the Competitive Supplier requesting implementation of the Operational Adder, and may do so no more than two times in any 12-month period. The Operational Adder shall be implemented by the Supplier in the bills to Participating Consumers on the first meter read for each Participating Consumer occurring a minimum of 30 days following the Municipality's notice, unless the Municipality establishes a later meter read date in such notice. The Competitive Supplier agrees to include this Operational Adder in the Price for energy and to make the monthly payments to the Municipality on behalf of Participating Consumers, and acknowledges this obligation as a material obligation of this Agreement. The Competitive Supplier shall pay the Operational Adder in monthly installments fifteen (15) business days following the final meter read in any given LDC Read Month. This provision shall be binding upon the Parties and all permitted assigns and other successors-in-interest of the Parties.