Product Payment Obligations. (i)During each month of the Services Term, Buyer shall pay Seller, in arrears, a Monthly Fixed Payment (“MFP”) for the Units, as full payment for the right to receive the Products and the delivery of the Capacity and all Other Products associated with the Units, determined as follows. MFPm = [[(CPR + FOMR) * MAFm * MCCm] * AA] where, MFPm is the Monthly Fixed Payment for the subject month; CPR is the Capacity Payment Rate; FOMR is the Fixed O&M Rate. MAFm is the monthly allocation factor set forth in Appendix IV for such month; provided that ninety days prior to a start of a full calendar year, Buyer may Notify Seller of modifications to Appendix IV. Buyer may not modify Appendix IV such that any individual month has a percentage allocation of less than 4% or greater than 15%; or such that the sum of the twelve products of the MFP for each month multiplied by the applicable MCC for that month is less than it would have been prior to the modification. The total in any calendar year must equal 100%. MCCm is the Monthly Contract Capacity for such month; AA is the Availability Adjustment for such month, determined pursuant to Section 4.1. An example of the calculation of the Monthly Fixed Payment is provided in Appendix XVII.
Product Payment Obligations. During each month of the Delivery Term, Buyer shall pay Seller, in arrears, total compensation (TCm) calculated pursuant to the equation below using the component parts described in detail in Section 4.3 through 4.6: TCm = MFPm + MVPm + Start-Up Paymentm – Failed Start Penalty m + Other Payment Adjustments
Product Payment Obligations. During each month of the Pre-Services Term Period and the Services Term, Buyer shall pay Seller, in arrears, a Monthly Fixed Payment (“MFP”), as full payment for the right to receive the Products and the delivery thereof (including the transfer to Buyer of the Contract Capacity Amount) pursuant to the terms of the Agreement, determined as follows: MFPm = [[(BCPR x 8.333%) x MCCm] + [(BER x MED)] + [BRR x MRD]] x AIA where, MFPm is the Monthly Fixed Payment for the subject month; MCCm is the amount of Contract Capacity (restated in kw-year) for the Capacity Year in which such month falls which has been included in the calculation of the Contract Capacity Amount for such Capacity Year to be transferred to Buyer by Seller in accordance with this Agreement; provided that MCCm shall be zero (0) for each month that does not fall within a Capacity Year for which Seller shall have transferred the Contract Capacity Amount for such Capacity Year to Buyer in accordance with Sections 3.1(a)(i)(A) or 3.1(a)(ii); MED is the Delivered Energy (expressed in number of MWh) delivered to Buyer in the subject month in accordance with this Agreement; and MRD is the number of RECs delivered to Buyer in the subject month in accordance with this Agreement. ARTICLE V
