Product Replacement Damage Amount Calculation Clause Samples
The Product Replacement Damage Amount Calculation clause defines how the cost of replacing a damaged product is determined under the agreement. Typically, this involves specifying the method for valuing the replacement, such as using the current market price or the original purchase price, and may outline any deductions for depreciation or wear and tear. By establishing a clear formula or process for calculating replacement costs, this clause ensures both parties understand their financial responsibilities in the event of product damage, thereby reducing disputes and promoting fairness.
Product Replacement Damage Amount Calculation. The Lost Output amount that will be used by SCE in the Product Replacement Damage Amount calculation, set forth in Exhibit F, will be the amount calculated pursuant to Exhibit L or otherwise resolved pursuant to Section 3.23(b).
Product Replacement Damage Amount Calculation. The Lost Output amount that will be used by Anaheim in the Product Replacement Damage Amount calculation, set forth in EXHIBIT F, will be the amount calculated pursuant to EXHIBIT L or otherwise resolved pursuant to Section 3.23(b).
Product Replacement Damage Amount Calculation. The Lost Output amount that will be used by SCE in the Product Replacement Damage Amount calculation, set forth in Exhibit F, will be the amount reasonable determine by SCE.”.
32. The first paragraph of Section 3.22(a) is deleted and replaced with the following:
(a) Throughout the Delivery Term, Seller shall prepare and provide to SCE a report with the Actual Available Capacity of the Generating Facility and for each Distributed Energy Resource (an “Actual Availability Report”) for each month.”.
33. [Intentionally Omitted.] {SCE Comment: for all technologies other than Wind} [Section 3.23
(a) is deleted and replaced with the following:
(a) Seller shall provide to SCE a minimum of one (1) year of recorded meteorological data from each DER Site not later than ninety (90) days before the Commercial Operation Date. Seller may provide data from additional years if any such data is available.”.] {SCE Comment: For Wind only}
34. [Intentionally Omitted.] {SCE Comment: for all technologies other than Solar} [The first paragraph of Section 3.24(a) is deleted and replaced with the following:
(a) Seller shall provide to SCE a minimum of one (1) year of recorded meteorological data from each DER Site not later than ninety (90) days before the Commercial Operation Date.”.] {SCE Comment: For Solar only}