Payment for Contract Capacity Sample Clauses

Payment for Contract Capacity. Commencing on the Commercial Operation Date, Company shall pay Seller a monthly Capacity Payment for Contract Capacity as follows: (A) For each Commercial Operation Year, an amount equal to the Capacity Price multiplied by the Reference Capacity Amount, (all as reflected in Exhibit M), divided by (ii) twelve (12). (B) For each Commercial Operation Year, Seller shall ensure that it timely conforms with those testing protocols required by the Transmission Authority under the Transmission Tariff to calculate the accredited capacity of the Facility including those protocols and requirements specified in Section 7.0 of Attachment AA to the Transmission Tariff (the amount so calculated, the “Accredited Capacity Amount”). Within thirty (30) Days after Seller has determined the Accredited Capacity Amount for such year (verified if and as required by the Transmission Authority pursuant to the Transmission Tariff), Seller shall (i) provide to Company documentation signed by an officer of Seller certifying such Accredited Capacity Amount. 1. If such Accredited Capacity Amount is less than the Reference Capacity Amount for such year, Seller shall pay to Company in cash by wire transfer of immediately available funds, an amount equal to the difference between the Reference Capacity Amount and the Accredited Capacity Amount multiplied by the greater of (x) the Capacity Price and (y) the price required to be paid by the Company to replace difference between the Reference Capacity Amount and the Accredited Capacity Amount. 2. If the Accredited Capacity Amount for any Commercial Operation Year exceeds the Reference Capacity Amount for such year, Company shall have no obligation to pay Seller for any such excess and Seller shall be able to dispose of such excess in its sole discretion. (C) If, for any Commercial Operation Year, the Accredited Capacity Amount is less than ninety percent (90%) of the Reference Capacity Amount, the Company may, in its sole discretion and in addition to any remedy it may have pursuant to Section 8.1(B) for such Commercial Operation Year, terminate this Agreement. In the event Company elects to terminate this Agreement pursuant to this Section 8.1(C), Company shall notify Seller in writing of such election. Within five (5) Days after receipt of such notice, Seller shall pay to Company in cash by wire transfer of immediately available funds, in addition to any other amounts otherwise required by this PPA, any amount due to the Company pursuant to...
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Related to Payment for Contract Capacity

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • Independent Capacity of Contractor The Contractor and Contractor Parties shall act in an independent capacity and not as officers or employees of the state of Connecticut or of the Agency.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for Project Services As full consideration for the Services to be performed by Contractor, City agrees to pay Contractor as set forth in accordance with the bid and not to exceed fee of $215,500.00 for the project. A monthly progress payment in the amount of ninety-five percent (95%) of the value of the work completed may be made every thirty (30) days upon application by the Contractor and certification by the Project Manager that such work has been completed. Partial payments will be made once each month as the work satisfactorily progresses and after acceptance by the authorized City representative. The progress estimates shall be based upon materials in place, or on the job site and invoiced, and labor expended thereon. From the total of the amount ascertained will be deducted an amount equivalent to five percent (5%) of the whole, which five percent (5%) will be retained by the City until after completion of the entire Contract in an acceptable manner. Any time after fifty percent (50%) of the value of the work has been completed, the City will make any of the remaining partial payments in full. No such estimates or payments shall be required to be made, when, in the judgment of the City Project Manager, the work is not proceeding in accordance with the provision of the Contract, or when in his judgment the total value of the work done since last estimate amounts to less than Five Hundred Dollars ($500.00). The cost of materials conforming to the plans and specifications (materials being those which are required to be contained and incorporated in a finished contract bid item) delivered to the project and not at the time incorporated in the work, may also be included in the estimate for payment. No such estimate or payment shall be construed to be an acceptance of any defective work or improper material. The Contractor shall be responsible for, and shall not remove from the project any material that has been included in the estimate for payment. Final payment shall be made upon the Project Manager certifying that the Contractor has satisfactorily completed the work in conformity with the Contract Documents.

  • INDEPENDENT CAPACITY OF THE CONTRACTOR The parties intend that an independent contractor relationship will be created by this contract. The CONTRACTOR and his or her employees or agents performing under this contract are not employees or agents of the AGENCY. The CONTRACTOR will not hold himself/herself out as or claim to be an officer or employee of the AGENCY or of the State of Washington by reason hereof, nor will the CONTRACTOR make any claim of right, privilege or benefit that would accrue to such employee under law. Conduct and control of the work will be solely with the CONTRACTOR.

  • Contract Amount and Payment for Services The total amount of this Contract shall not exceed $436,091.00, as provided for in Attachment B – Budget.

  • Payment for Reactive Power NYISO shall pay Developer for reactive power or voltage support service that Developer provides from the Large Generating Facility in accordance with the provisions of Rate Schedule 2 of the NYISO Services Tariff.

  • Payment for Consent Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Securities unless such consideration is offered to be paid to all Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement.

  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter. (b) Except as provided in clause 8.4, in computing overtime each day’s work will stand alone. (c) To avoid doubt, overtime provisions for shift workers are contained in clause 10.7.

  • Payment of Services For courses taught at a High School facility utilizing High School teachers who are qualified by the Dallas College using Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) standards to teach college level courses, Dallas College shall pay as follows:

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