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.
Appears in 6 contracts
Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement
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] * AAAAm] 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 AAm 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.
Appears in 2 contracts
Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement
