Schedule 7 – Initial Term Sample Clauses

Schedule 7 – Initial Term. The Initial Term of the Agreement shall commence on the Effective Date and shall continue for twenty (20) years from the Commercial Operations Date, unless and until terminated earlier pursuant to the provisions of the Agreement. Project Cashflows - PPA NEM 1.0‌ Financial Assumptions Project CA Xxxxxx Year 1 Savings $18,678 Cumulative Savings $739,907 Cumlative NPV Savings $536,075 Payback Period Immediate Parameter Value Year 1 PPA Rate ($/kWh) $0.1450 PPA Rate Escalator (%/yr) 0.0% Utility Rate Escalator (%/yr) 3.0% Discount Rate (%) 3.0% Retail Rate Reduction $0.0000 Solar Degradation Rate (%) 0.5% Year PPA Rate ($/KWH) KWH Generated Historic Utility Bill (without solar) PPA Payment New Utility Bill (with solar) Total Electricity Costs (PPA + Utility) Net Savings Cumulative Savings 1 0.1450 255,831 68,649 37,095 12,876 49,971 18,678 18,678 2 0.1450 254,552 70,708 36,910 13,455 50,365 20,344 39,021 3 0.1450 253,279 72,830 36,725 14,056 50,781 22,048 61,069 4 0.1450 252,013 75,015 36,542 14,680 51,222 23,793 84,862 5 0.1450 250,753 77,265 36,359 15,328 51,687 25,578 110,440 6 0.1450 249,499 79,583 36,177 16,000 52,177 27,406 137,846 7 0.1450 248,251 81,970 35,996 16,698 52,694 29,276 167,122 8 0.1450 247,010 84,430 35,816 17,422 53,238 31,191 198,313 9 0.1450 245,775 86,962 35,637 18,173 53,811 33,152 231,465 10 0.1450 244,546 89,571 35,459 18,953 54,412 35,159 266,624 11 0.1450 243,323 92,259 35,282 19,762 55,044 37,215 303,839 12 0.1450 242,107 95,026 35,105 20,601 55,707 39,320 343,158 13 0.1450 240,896 97,877 34,930 21,471 56,401 41,476 384,634 14 0.1450 239,692 100,813 34,755 22,374 57,129 43,684 428,318 15 0.1450 238,493 103,838 34,582 23,310 57,892 45,946 474,264 16 0.1450 237,301 106,953 34,409 24,281 58,690 48,263 522,527 17 0.1450 236,114 110,161 34,237 25,288 59,525 50,637 573,163 18 0.1450 234,934 113,466 34,065 26,332 60,398 53,069 626,232 19 0.1450 233,759 116,870 33,895 27,414 61,310 55,561 681,793 20 0.1450 232,590 120,376 33,726 28,537 62,262 58,114 739,907 Total 4,880,719 $1,844,624 $707,704 $397,013 $1,104,717 $739,907 $739,907 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 PPA Cumulative Savings $739,907 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sample 1
AutoNDA by SimpleDocs
Schedule 7 – Initial Term. The Initial Term of the Agreement shall commence on the Effective Date and shall continue for twenty (20) years from the Commercial Operations Date, unless and until terminated earlier pursuant to the provisions of the Agreement.
Sample 1Sample 2
Schedule 7 – Initial Term. Commented [DC6]: Allco will provide a retroactive start date that maximizes allowable credit to the City.
Sample 1
Schedule 7 – Initial Term. The Initial Term of the Agreement shall commence on the Effective Date and shall continue for twenty (20) years from the Commercial Operations Date, unless and until terminated earlier pursuant to the provisions of the Agreement. CONFIDENTIAL AND PROPRIETARY *** GENERAL TERMS AND CONDITIONS OF SOLAR POWER & SERVICES AGREEMENT These General Terms and Conditions (“General Conditions”) are dated as of day of , 2015 and are witnessed and acknowledged by SunEdison Government Solutions, LLC (“SunEdison” or “Provider”) and,the City of San Diego, a municipal corporation (“Purchaser”), as evidenced by their signature on the last page of this document. These General Conditions are intended to be incorporated by reference into Solar Power & Services Agreements that may be entered into between SunEdison and Purchaser or between their respective affiliates. Except to the extent SunEdison or Purchaser becomes a party to a Solar Power & Purchase Agreement that incorporates these General Conditions, these General Conditions shall have no binding effect upon SunEdison or Purchaser.
Sample 1

Related to Schedule 7 – Initial Term

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

Time is Money Join Law Insider Premium to draft better contracts faster.