Common use of PAYMENT CALCULATIONS Clause in Contracts

PAYMENT CALCULATIONS. All payments under this EPA will be calculated applying the following principles: (i) all payment calculations will be rounded to the nearest cent; (ii) Energy will be expressed in MWh rounded to two decimal places; (iii) if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌ (A) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of Canada); (B) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) will apply; (C) has not published the CPI for a relevant period at the time the Seller is required to provide the Buyer with an invoice, the Seller will prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller will recalculate the invoice amounts in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (D) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller will recalculate the invoice amounts for the relevant period in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation.

PAYMENT CALCULATIONS. All payments under this EPA will be calculated applying the following principles: (i) all payment calculations will be rounded to the nearest cent; (ii) Energy will be expressed in MWh rounded to two decimal places; (iii) if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌Canada): (A) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of Canada); (B) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) will apply; (C) has not published the CPI for a relevant period at the time the Seller is required to provide the Buyer with an invoice, the Seller will prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller will recalculate the invoice amounts in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (D) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller will recalculate the invoice amounts for the relevant period in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation.

PAYMENT CALCULATIONS. All payments under this EPA will be calculated applying the following principles: (ia) all payment calculations will be rounded to the nearest cent; (iib) Energy will be expressed in MWh rounded to two decimal places;; and (iiic) if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌Canadian Government): (Ai) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of CanadaCanadian Government); (Bii) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) 2.7 of Appendix 1 will apply; (Ciii) has not published the CPI for a relevant period at the time the Seller is required to provide the Buyer BC Hydro with an invoice, the Seller will shall prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller will shall recalculate the invoice amounts in the next succeeding invoice and will shall include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (Div) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller will shall recalculate the invoice amounts for the relevant period in the next succeeding invoice and will shall include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation.

PAYMENT CALCULATIONS. All payments (i) For the purpose of all payment calculations under this EPA will be calculated applying the following principlesEPA: (iA) all payment calculations will be rounded to the nearest cent;; and (iiB) Energy will be expressed in MWh KWh rounded to two decimal places;. (iiiii) For the purpose of all payment calculations under this EPA, where CPI is to apply, if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌Canadian Government): (A) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of CanadaCanadian Government); (B) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) Section 2.7 of Schedule "A" will apply; (C) has not published the CPI for a relevant period at the time the Seller Buyer is required to provide the Buyer Seller with an invoicea statement, the Seller will prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller Buyer will recalculate the invoice amounts in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (D) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller Buyer will recalculate the invoice amounts for the relevant period in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation.

PAYMENT CALCULATIONS. All payments (i) For the purpose of all payment calculations under this EPA will be calculated applying the following principlesEPA: (iA) all payment calculations will be rounded to the nearest cent;; and (iiB) Energy will be expressed in MWh kWh rounded to two decimal places;. (iiiii) For the purpose of all payment calculations under this EPA, where CPI is to apply, if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌Canadian Government): (A) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of CanadaCanadian Government); (B) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) Section 2.7 of Schedule "A" will apply; (C) has not published the CPI for a relevant period at the time the Seller Buyer is required to provide the Buyer Seller with an invoicea statement, the Seller will prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller Xxxxx will recalculate the invoice amounts in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (D) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller Buyer will recalculate the invoice amounts for the relevant period in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation.

PAYMENT CALCULATIONS. All payments under this EPA will be calculated applying the following principles: (i) all payment calculations will be rounded to the nearest cent; (ii) Energy will be expressed in MWh rounded to two decimal places; (iii) if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌ (A) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of Canada); (B) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) will apply; (C) has not published the CPI for a relevant period at the time the Seller is required to provide the Buyer with an invoice, the Seller will prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller will recalculate the invoice amounts in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (D) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller will recalculate the invoice amounts for the relevant period in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; and (iv) US dollars will be converted to Canadian dollars using the Bank of Canada daily average exchange rate for the day during which the payment obligations were incurred.

PAYMENT CALCULATIONS. All payments under this EPA will be calculated applying the following principles: (i) all payment calculations will be rounded to the nearest cent; (ii) Energy will be expressed in MWh rounded to two decimal places; (iii) if Statistics Canada (or the then recognized statistical branch of the Government of Canada):‌Canada): (A) computes, at any time after the Effective Date, the CPI on a basis different to that employed at the Effective Date, then the CPI will be converted using the appropriate formula recommended by Statistics Canada (or the then recognized statistical branch of the Government of Canada); (B) at any time ceases to publish or provide the CPI, then the provisions of section 1.2(h) will apply; (C) has not published the CPI for a relevant period at the time the Seller is required to provide the Buyer with an invoice, the Seller will prepare the invoice based on the CPI in effect at the time the invoice is issued and when the CPI for the relevant period is published, the Seller will recalculate the invoice amounts in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; or (D) recalculates the CPI within 36 months after an invoice affected by that CPI calculation has been issued, then the Seller will recalculate the invoice amounts for the relevant period in the next succeeding invoice and will include a credit or debit, without interest, in the next succeeding invoice based on the results of the recalculation; and (iv) US dollars will be converted to Canadian dollars using the Bank of Canada daily average exchange rate for the day during which the payment obligations were incurred.