Common use of Repayment Schedule for Capital Expenditures Clause in Contracts

Repayment Schedule for Capital Expenditures. For each Capital Expenditure CapEx Monthly Payment is the amount that Generator Owner is permitted to recover each month: 𝐶𝑎𝑝𝐸𝑥 𝑀𝑜𝑛𝑡ℎ𝑙𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 = 𝑉𝑒𝑟𝑖𝑓𝑖𝑒𝑑 𝐶𝑎𝑝𝐸𝑥𝑔,𝑘 𝑀𝐸−𝑘 Where: 𝑉𝑒𝑟𝑖𝑓𝑖𝑒𝑑 𝐶𝑎𝑝𝐸𝑥 g,k = the amount due for a Capital Expenditure, verified and validated by the ISO as an actual expenditure for Generator g. Month k is the month in which Repayment of a Capital Expenditure commences. Month E is the month that includes the end date specified in Section 2.2.5 in the Form of Reliability Must Run Agreement or by the equivalent date specified in an RMR Agreement that is not a Form of Reliability Must Run Agreement for Generator g, or the conclusion of the 365 day notice period for an Interim Service Provider. 𝑀𝐸−𝑘 = the number of months from month k to month E, including month k and month E.