Payment of Capital Recovery Balance Sample Clauses

Payment of Capital Recovery Balance. (a) If the RSS Unit delivers energy to the NYISO transmission system or makes available capacity to the NYISO markets after seventy-five (75) days following the end of the Term, Xxxxx shall pay RGE the Capital Recovery Balance as more particularly described in this Section 4.3(a). The quarterly installment payments of the Capital Recovery Balance shall be calculated according to the following formula: Quarterly Installment Payment = (i x B x (1+i)n) / ((1+i)n – 1)
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Payment of Capital Recovery Balance. (a) If the RSS Unit delivers energy to the NYISO transmission system or makes available capacity to the NYISO markets after seventy-five (75) days following the end of the Term, Xxxxx shall pay RGE the Capital Recovery Balance as more particularly described in this Section 4.3(a). The quarterly installment payments of the Capital Recovery Balance shall be calculated according to the following formula: Quarterly Installment Payment = (i x B x (1+i)n) / ((1+i)n – 1) Where: i = the quarterly compounded equivalent of RGE’s then-NYPSC approved weighted average cost of capital B = the applicable Capital Recovery Balance as specified in Exhibit 5 n = the total quarters over which the Capital Recovery Balance is to be recovered (i.e., 24 if the capital recovery balance is less than $50M, 28 if the capital recovery balance is greater than $50M) Such payments (i) shall only include periods after the seventy-five (75) day period following the end of the Term and (ii) shall be prorated for any partial calendar quarter. Ginna’s payment obligation under this Section 4.3 shall survive the termination of this Agreement until the earlier of (i) the completion of twenty-four

Related to Payment of Capital Recovery Balance

  • Cost of Capital Rate The Cost of Capital Rate shall equal the proposed Weighted Costs of Capital plus Federal Income Taxes and State Income Taxes.

  • Liquidation Date Subject to the following sub-clause, at any time following the occurrence of an Event of Default, we may, by notice to you, specify a date (the “Liquidation Date”) for the termination and liquidation of Transactions in accordance with this clause. Automatic termination The date of the occurrence of any Bankruptcy Default shall automatically constitute a Liquidation Date, without the need for any notice by us and the provisions of the following sub-clause shall then apply.

  • Dues Collection Teachers shall have the right to request and be allowed dues and Association 30 Insurance Program deductions provided that dues deduction and the proceeds thereof shall not be 31 allowed if the Association has lost its rights to dues deduction pursuant to Florida Statutes 447.

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Finance Charge Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.05%.

  • Distributions Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

  • Available Funds-Contingency-Termination a. The State is prohibited by law from making commitments beyond the term of the current State Fiscal Year. Payment to Local Agency beyond the current State Fiscal Year is contingent on the appropriation and continuing availability of Agreement Funds in any subsequent year (as provided in the Colorado Special Provisions). If federal funds or funds from any other non-State funds constitute all or some of the Agreement Funds, the State’s obligation to pay Local Agency shall be contingent upon such non-State funding continuing to be made available for payment. Payments to be made pursuant to this Agreement shall be made only from Agreement Funds, and the State’s liability for such payments shall be limited to the amount remaining of such Agreement Funds. If State, federal or other funds are not appropriated, or otherwise become unavailable to fund this Agreement, the State may, upon written notice, terminate this Agreement, in whole or in part, without incurring further liability. The State shall, however, remain obligated to pay for Services and Goods that are delivered and accepted prior to the effective date of notice of termination, and this termination shall otherwise be treated as if this Agreement were terminated in the public interest as described in §2.C.

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

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