Common use of Payment of Capital Recovery Balance Clause in Contracts

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)

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 TermMarch 31, 2017, Xxxxx shall pay RGE the Capital Recovery Balance as more particularly described in this Section 4.3(a4.5(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)