Common use of Reimbursed Costs Clause in Contracts

Reimbursed Costs. With respect to each month during the operative term of this contract, the Purchaser will pay Vermont Yankee (i) an amount equal to the Purchaser's entitlement percentage (or the Purchaser's Adjusted Entitlement Percentage, whichever is applicable, as provided below,) of each of (a) the portion of Vermont Yankee's Closing Net Unit Investment applicable to such month, together with one-twelfth of the composite percentage for such month of the net Unit investment as most recently determined in accordance with this Section 7, and (b) Vermont Yankee's Total Decommissioning Obligation for such month, and (ii) an amount equal to the Purchaser's entitlement percentage of the sum of (c) Vermont Yankee's total operating expenses for such month, plus (d) Vermont Yankee's APA Obligations, if any, for such month, plus (e) Vermont Yankee's TAPA Obligations, if any, for such month, plus (f) to the extent not duplicative of a payment made under clause (a) above or clause (i) of Section 7A, the portion of Vermont Yankee's net Unit investment represented by the Purchaser's entitlement percentage of the Equity investment allocable to such month, together with an amount equal to one-twelfth of the equity percentage for such month of the Purchaser's entitlement percentage of the Equity investment, as most recently determined in accordance with this Section 7; provided, however, for any month during the term of this contract commencing on or after the date on which the Purchaser has exercised its option under clause (i) of Section 7A, then for each month thereafter the Purchaser's Adjusted Entitlement Percentage shall be applicable to the payment required by clauses (a) and (b) hereof.

Appears in 1 contract

Samples: Restated Amendatory Agreement (Central Vermont Public Service Corp)

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Reimbursed Costs. With respect to each month during the operative balance of the term of this contract, the Purchaser will pay Vermont Yankee (iI) an amount equal to the Purchaser's entitlement percentage (or the Purchaser's Adjusted Entitlement Percentage, whichever is applicable, as provided below,) in Section 7A hereof), of each of (a) the portion of Vermont Yankee's Closing Net Unit Investment applicable allocable to such month, together with one-twelfth of the composite percentage for such month of the net Unit investment as most recently determined in accordance with this Section 7, and (b) Vermont Yankee's Total Decommissioning Obligation for such month, and (ii) an amount equal to the Purchaser's entitlement percentage of the sum of (c) Vermont Yankee's total operating expenses for such month, plus (d) Vermont Yankee's APA Obligations, if any, for such month, plus (e) Vermont Yankee's TAPA Obligations, if any, for such month, plus (f) to the extent not duplicative of a payment made under clause (a) above or clause (iI) of Section 7A, the portion of Vermont Yankee's net Unit investment represented by the Purchaser's entitlement percentage of the Equity investment allocable to such month, together with an amount equal to one-one- twelfth of the equity percentage for such month of the Purchaser's entitlement percentage of the Equity investment, as most recently determined in accordance with this Section 7; provided, however, for any month during the term of this contract commencing on or after the date on which the Purchaser has exercised its option under clause (iI) of Section 7A, then for each month thereafter the Purchaser's Adjusted Entitlement Percentage shall Purchaser will no longer be applicable obligated to the payment required by clauses make further payments under clause (aI) and (b) hereofabove.

Appears in 1 contract

Samples: Amendatory Agreement (New England Power Co)

Reimbursed Costs. With respect to each month during the operative term of this contract, the Purchaser will pay Vermont Yankee (i) an amount equal to the Purchaser's entitlement percentage (or the Purchaser's Adjusted Entitlement Percentage, whichever is applicable, as provided below,) of each of (a) the portion of Vermont Yankee's Closing Net Unit Investment applicable to such month, together with one-twelfth of the composite percentage for such month of the net Closing Net Unit investment Investment as most recently determined in accordance with this Section 7, and (b) Vermont Yankee's Total Decommissioning Obligation for such month, and (ii) an amount equal to the Purchaser's entitlement percentage of the sum of (c) Vermont Yankee's total operating expenses for such month, plus (d) Vermont Yankee's APA Obligations, if any, for such month, plus (e) Vermont Yankee's TAPA Obligations, if any, for such month, plus (f) to the extent not duplicative of a payment made under clause (a) above or clause (i) of Section 7A, the portion of Vermont Yankee's net Unit investment represented by the Purchaser's entitlement percentage of the Equity investment allocable to such month, together with an amount equal to one-twelfth of the equity percentage for such month of the Purchaser's entitlement percentage of the Equity investmentClosing Net Unit Investment and Decommissioning Borrowing, each as most recently determined in accordance with this Section 7; providedPROVIDED, howeverHOWEVER, that for any month during the term of this contract operative period commencing on or after the date on which the Purchaser has exercised its option Prepayment Option, the Purchaser will no longer be obligated to make further payments under clause clauses (ia) of Section 7Aand (b) above. In the event that any other Purchasers have exercised their Prepayment Options under their respective Initial Power Contracts and the Purchaser has not exercised its Prepayment Option, then for each month thereafter the Purchaser's Adjusted Entitlement Percentage shall be applicable to the payment required by clauses (a) and (b) hereof.

Appears in 1 contract

Samples: Amendatory Agreement (Central Vermont Public Service Corp)

Reimbursed Costs. With respect to each month during the operative balance of the term of this contract, the Purchaser will pay Vermont Yankee (i) an amount equal to the Purchaser's entitlement percentage (or the Purchaser's Adjusted Entitlement Percentage, whichever is applicable, as provided below,) in Section 7A hereof), of each of (a) the portion of Vermont Yankee's Closing Net Unit Investment applicable allocable to such month, together with one-twelfth of the composite percentage for such month of the net Closing Net Unit investment Investment as most recently determined in accordance with this Section 7, and (b) Vermont Yankee's Total Decommissioning Obligation for such month, and (ii) an amount equal to the Purchaser's entitlement percentage of the sum of (c) Vermont Yankee's total operating expenses for such month, plus (d) Vermont Yankee's APA Obligations, if any, for such month, plus (e) Vermont Yankee's TAPA Obligations, if any, for such month, plus (f) to the extent not duplicative of a payment made under clause (a) above or clause (i) of Section 7A, the portion of Vermont Yankee's net Unit investment represented by the Purchaser's entitlement percentage of the Equity investment allocable to such month, together with an amount equal to one-twelfth of the equity percentage for such month of the Purchaser's entitlement percentage of the Equity investmentClosing Net Unit Investment and Decommissioning Borrowing, each as most recently determined in accordance with this Section 7; providedPROVIDED, howeverHOWEVER, that for any month during the term of this contract commencing on or after the date on which the Purchaser has exercised its option Prepayment Option, the Purchaser will no longer be obligated to make further payments under clause (i) of Section 7A, then for each month thereafter the Purchaser's Adjusted Entitlement Percentage shall be applicable to the payment required by clauses (a) and (b) hereofabove.

Appears in 1 contract

Samples: Amendatory Agreement (Central Vermont Public Service Corp)

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Reimbursed Costs. With respect to each month during the operative term of this contract, the Purchaser will pay Vermont Yankee (iI) an amount equal to the Purchaser's entitlement percentage (or the Purchaser's Adjusted Entitlement Percentage, whichever is applicable, as provided below,) of each of (a) the portion of Vermont Yankee's Closing Net Unit Investment applicable to such month, together with one-twelfth of the composite percentage for such month of the net Unit investment as most recently determined in accordance with this Section 7, and (b) Vermont Yankee's Total Decommissioning Obligation for such month, and (ii) an amount equal to the Purchaser's entitlement percentage of the sum of (c) Vermont Yankee's total operating expenses for such month, plus (d) Vermont Yankee's APA Obligations, if any, for such month, plus (e) Vermont Yankee's TAPA Obligations, if any, for such month, plus (f) to the extent not duplicative of a payment made under clause (a) above or clause (iI) of Section 7A, the portion of Vermont Yankee's net Unit investment represented by the Purchaser's entitlement percentage of the Equity investment allocable to such month, together with an amount equal to one-twelfth of the equity percentage for such month of the Purchaser's entitlement percentage of the Equity investment, as most recently determined in accordance with this Section 7; provided, however, for any month during the term of this contract commencing on or after the date on which the Purchaser has exercised its option under clause (iI) of Section 7A, then for each month thereafter the Purchaser's Adjusted Entitlement Percentage shall be applicable to the payment required by clauses (a) and (b) hereof.

Appears in 1 contract

Samples: Amendatory Agreement (New England Power Co)

Reimbursed Costs. With respect to each month during the operative balance of the term of this contract, the Purchaser will pay Vermont Yankee (i) an amount equal to the Purchaser's entitlement percentage (or the Purchaser's Adjusted Entitlement Percentage, whichever is applicable, as provided below,) in Section 7A hereof), of each of (a) the portion of Vermont Yankee's Closing Net Unit Investment applicable allocable to such month, together with one-twelfth of the composite percentage for such month of the net Unit investment as most recently determined in accordance with this Section 7, and (b) Vermont Yankee's Total Decommissioning Obligation for such month, and (ii) an amount equal to the Purchaser's entitlement percentage of the sum of (c) Vermont Yankee's total operating expenses for such month, plus (d) Vermont Yankee's APA Obligations, if any, for such month, plus (e) Vermont Yankee's TAPA Obligations, if any, for such month, plus (f) to the extent not duplicative of a payment made under clause (a) above or clause (i) of Section 7A, the portion of Vermont Yankee's net Unit investment represented by the Purchaser's entitlement percentage of the Equity investment allocable to such month, together with an amount equal to one-twelfth of the equity percentage for such month of the Purchaser's entitlement percentage of the Equity investment, as most recently determined in accordance with this Section 7; provided, however, for any month during the term of this contract commencing on or after the date on which the Purchaser has exercised its option under clause (i) of Section 7A, then for each month thereafter the Purchaser's Adjusted Entitlement Percentage shall Purchaser will no longer be applicable obligated to the payment required by clauses make further payments under clause (ai) and (b) hereofabove.

Appears in 1 contract

Samples: Restated Amendatory Agreement (Central Vermont Public Service Corp)

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