Common use of Price and Reimbursement Clause in Contracts

Price and Reimbursement. (a) For sales by MW Gen to EMMT, EMMT shall pay MW Gen the Transaction Price for the Transaction Quantity less the Reimbursements (as defined herein). For sales by EMMT to MW Gen, MW Gen shall pay EMMT the Transaction Price for the Transaction Quantity plus the Reimbursements. (b) With respect to any Transaction Quantity, the term "Reimbursements" shall mean (i) $0.02/MWh ($0.02/MW-day for Capacity) for each megawatt hour (or MW-day in the case of Capacity) of the Transaction Quantity; (ii) FERC fees accrued on such Transaction Quantity; (iii) broker fees incurred with regard to such Transaction Quantity; (iv) any power pool, independent system operator, regional transmission operator, or security coordinator charges incurred as a result of the relevant Transaction; (v) transmission charges incurred with regard to such Transaction Quantity; and (vi) any other out-of-pocket expenses incurred by EMMT in effectuating the relevant Transaction. Option premia paid to third parties and directly related to the Transactions shall be charged to MW Gen as Reimbursements. Option premia received from third parties and directly related to the Transactions shall be paid to MW Gen or credited against amounts owing from MW Gen to EMMT. (c) MW Gen shall pay for any generation, dispatch, and/or settlement management software and consultant services costs reasonably allocable to the relevant Transactions, provided that, such software and consultant services have been approved by MW Gen.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

AutoNDA by SimpleDocs

Price and Reimbursement. (a) For sales by MW Gen MWGen to EMMT, EMMT shall pay MW Gen MWGen the Transaction Price for the Transaction Quantity less the Reimbursements (as defined herein). For sales by EMMT to MW GenMWGen, MW Gen MWGen shall pay EMMT the Transaction Price for the Transaction Quantity plus the Reimbursements. (b) With respect to any Transaction Quantity, the term "Reimbursements" shall mean (i) $0.02/MWh ($0.02/MW-day for Capacity) for each megawatt hour (or MW-day in the case of Capacity) of the Transaction Quantity; (ii) FERC fees accrued on such Transaction Quantity; (iii) broker fees incurred with regard to such Transaction Quantity; (iv) any power pool, independent system operator, regional transmission operator, or security coordinator charges incurred as a result of the relevant Transaction; (v) transmission charges incurred with regard to such Transaction Quantity; and (vi) any other out-of-pocket expenses incurred by EMMT in effectuating the relevant Transaction. Option premia paid to third parties and directly related to the Transactions shall be charged to MW Gen MWGen as Reimbursements. Option premia received from third parties and directly related to the Transactions shall be paid to MW Gen MWGen or credited against amounts owing from MW Gen MWGen to EMMT. (c) MW Gen MWGen shall pay for any generation, dispatch, and/or settlement management software and consultant services costs reasonably allocable to the relevant Transactions, provided that, such software and consultant services have been approved by MW Gen.MWGen.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

Price and Reimbursement. (a) For sales by MW Gen to EMMT, EMMT shall pay MW Gen the Transaction Price for the Transaction Quantity less the Reimbursements (as defined herein). For sales by EMMT to MW Gen, MW Gen shall pay EMMT the Transaction Price for the Transaction Quantity plus the Reimbursements. In the case of Disclosed Agent Transactions, MW Gen shall pay EMMT an agency fee equal to the Reimbursements for such Transaction Quantity. (b) With respect to any Transaction Quantity, the term "Reimbursements" shall mean (i) $0.02/MWh ($0.02/MW-day for Capacity) 0.02 for each megawatt hour (or MW-day in the case of Capacity) MMBtu of the Transaction Quantity; (ii) FERC fees accrued on such Transaction Quantity; (iii) broker fees incurred with regard to such Transaction Quantity; (iv) any power poollocal, independent system operator, regional transmission operator, state or security coordinator federal governmental or other regulatory charges incurred as a result of the relevant Transaction; (v) transmission charges and/or taxes incurred with regard respect to such Transaction Quantity; and (viv) any other direct out-of-pocket expenses incurred by EMMT in effectuating the relevant Transaction. Option premia paid to third parties and directly related to the Transactions shall be charged to MW Gen as Reimbursements. Option premia received from third parties and directly related to the Transactions shall be paid to MW Gen or credited against amounts owing from MW Gen to EMMT. (c) MW Gen shall pay for any generation, dispatch, and/or settlement management software and consultant services costs reasonably allocable to the relevant Transactions, provided that, that such software and consultant services have been are approved by MW Gen. (d) The unrealized results of all financial Transactions entered into pursuant to this Agreement shall not be included in the monthly settlement between MW Gen and EMMT.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

Price and Reimbursement. (a) For sales by MW Gen Xxxxx City to EMMT, EMMT shall pay MW Gen Xxxxx City the Transaction Price for the Transaction Quantity less the Reimbursements (as defined herein). For sales by EMMT to MW GenXxxxx City, MW Gen Xxxxx City shall pay EMMT the Transaction Price for the Transaction Quantity plus the Reimbursements. (b) With respect to any Transaction Quantity, the term "Reimbursements" shall mean (i) $0.02/MWh ($0.02/MW-day for Capacity) for each megawatt hour (or MW-day in the case of Capacity) of the Transaction Quantity; (ii) FERC fees accrued on such Transaction Quantity; (iii) broker fees incurred with regard to such Transaction Quantity; (iv) any power pool, independent system operator, regional transmission operator, or security coordinator charges incurred as a result of the relevant Transaction; (v) transmission charges incurred with regard to such Transaction Quantity; and (vi) any other out-of-pocket expenses incurred by EMMT in effectuating the relevant Transaction. Option premia paid to third parties and directly related to the Transactions shall be charged to MW Gen Xxxxx City as Reimbursements. Option premia received from third parties and directly related to the Transactions shall be paid to MW Gen Xxxxx City or credited against amounts owing from MW Gen Xxxxx City to EMMT. (c) MW Gen Xxxxx City shall pay for any generation, dispatch, and/or settlement management software and consultant services costs reasonably allocable to the relevant Transactions, provided that, that the purchase price and/or cost to Xxxxx City of such software and consultant services shall have been previously approved by MW Gen.an Authorized Representative of Xxxxx City.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Eme Homer City Generation Lp)

AutoNDA by SimpleDocs

Price and Reimbursement. (a) For sales by MW Gen to EMMT, EMMT shall pay MW Gen the Transaction Price for the Transaction Quantity less the Reimbursements (as defined herein). For sales by EMMT to MW Gen, MW Gen shall pay EMMT the Transaction Price for the Transaction Quantity plus the Reimbursements. In the case of Disclosed Agent Transactions, MW Gen shall pay EMMT an agency fee equal to the Reimbursements for such Transaction Quantity. (b) With respect to any Transaction Quantity, the term "Reimbursements" shall mean (i) $0.02/MWh ($0.02/MW-day for Capacity) 0.25 for each megawatt hour (or MW-day SO2 Emission Allowance in the case of Capacity) of the Transaction Quantity; (ii) FERC fees accrued on such $25.00 for each NOx Emission Allowance in the Transaction Quantity; (iii) broker fees incurred with regard to such Transaction Quantity; (iv) any power pool, independent system operator, regional transmission operator, governmental or security coordinator charges incurred as a result of the relevant Transaction; (v) transmission regulatory charges incurred with regard respect to such Transaction Quantity; and (viv) any other out-of-pocket expenses incurred by EMMT in effectuating the relevant Transaction. Option premia paid to third parties and directly related to the Transactions shall be charged to MW Gen as Reimbursements. Option premia received from third parties and directly related to the Transactions shall be paid to MW Gen or credited against amounts owing from MW Gen to EMMT. (c) MW Gen shall pay for any generation, dispatch, and/or settlement management software and consultant services costs reasonably allocable to the relevant Transactions, provided that, that such software and consultant services have been approved by MW Gen.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!