SOR Payments Sample Clauses

SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume  SOR Payment Rate  SOR Scaling Factor  Trading Period Duration Where: a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 4.1; b) SOR Payment Rate is the Payment Rate (expressed in £/MWh) applicable to SOR; c) SOR Scaling Factor = SOR Performance Scalar x SOR Product Scalar; and d) the Trading Period Duration (expressed in hours). For the purposes of Section 4.2(c) above, the SOR Product Scalar is an amount equal to: (Reserve Type Scalar + Reserve Trigger Scalar) ÷ 2 Where: (i) Reserve Type Scalar is an amount equal to:  1 in the event that Dynamic Response is provided by the Providing Unit and Reserve Trigger Capability is > 49.3 Hz; or  0.5 in the event that Static Response is provided by the Providing Unit and Reserve Trigger Capability is > 49.3 Hz; or  zero in the event that Reserve Trigger Capability ≤ 49.3 Hz; and (ii) Reserve Trigger Scalar is an amount equal to:  1 – ((50 – absolute value of Reserve Trigger Capability) x (5 ÷ 7)), if the value of the Reserve Trigger Capability is >

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SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume  SOR Payment Rate  SOR Scaling Factor  Trading Period Duration Where: a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 4.1; b) SOR Payment Rate is the Payment Rate (expressed in £/MWh) applicable to SOR; c) SOR Scaling Factor = SOR Performance Scalar x SOR Product Scalar x SOR Locational Scalar x SOR Temporal Scarcity Scalar; and d) the Trading Period Duration (expressed in hours). For the purposes of Section 4.2(c) above, the SOR Product Scalar is an amount equal to: (Reserve Type Scalar + Reserve Trigger Scalar) ÷ 2 Where: (i) Reserve Type Scalar is an amount equal to:  1 in the event that Dynamic Response is provided by the Providing Unit and Reserve Trigger Capability is ≥ 49.3 Hz; or  0.5 in the event that Static Response is provided by the Providing Unit and Reserve Trigger Capability is ≥ 49.3 Hz; or  zero in the event that Reserve Trigger Capability < 49.3 Hz; and (ii) Reserve Trigger Scalar is an amount equal to:  1 – ((49.985 – absolute value of Reserve Trigger Capability) x (5 ÷ 6.85)), if the value of the Reserve Trigger Capability is ≥ 49.3 Hz; or  zero if the value of the Reserve Trigger Capability is < 49.3 Hz. For the purposes of Section 4.2(c) above, the value of the SOR Locational Scalar is as defined in Schedule 9 and shall have a minimum value equal to 1; For the purposes of Section 4.2(c) above, the SOR Temporal Scarcity Scalar is an amount equal to:  SORTSS1 in the event that SNSP ≤60%; or  SORTSS2 in the event that SNSP >60% and ≤70%; or Where: The values of SORTSS1, SORTSS2 and SORTSS3 are as defined in the Protocol document.

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SOR Payments. The Service Provider will receive a payment for each MW of SOR Capability in each Trading Period determined in accordance with the following provisions of this paragraph 4.

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Other Payments You must give your correct TIN, but you do not have to sign the certification unless you have been notified that you have previously given an incorrect TIN. “Other payments” include payments made in the course of the requester’s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care services (including payments to corporations), payments to a nonemployee for services, payments made in settlement of payment card and third party network transactions, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).
– PREMIUM & OTHER PAYMENT 16.01 Overtime shall be paid for all paid hours over seven and one-half (7½) hours on a shift or seventy-five (75) hours bi-weekly at the rate of one and one-half (1½) times the employee's regular straight time hourly rate of pay. Overtime is subject to authorization by the Director of Nursing or designate. Authorization shall not be unreasonably withheld. In the event of an emergency, authorization may not be required. 16.02 When an employee is required to work on a paid holiday or on a day for which she is entitled to receive time and one-half (1½) her regular straight time hourly rate and she is required to work additional hours in excess of her normal seven and one-half (7½) hour shift on that day, she shall receive two (2) times her regular straight time hourly rate for such additional hours worked. 16.03 If an employee reports for work at the regularly scheduled time and no work is available, such employee will be paid a minimum of four (4) hours pay at her regular straight time hourly rate, provided the employee has not previously received notification orally or in writing not to report. 16.04 Where call-in is requested within one-half (½) hour of the starting time of the shift and the employee commences work within one (1) hour of the call, then the employee will be paid as if the entire shift had been worked, provided she completes the shift for which she was called in. 16.05 It shall be the responsibility of the employee to consult the posted work schedule. Changes to the posted schedule required by the Employer shall be brought to the attention of the employee. Where less than twenty-four (24) hours' notice is given to the employee personally, the employee will be paid four (4) hours’ straight time wages or six (6) hours’ straight time wages if an extended tour. It is understood that call-ins or call-backs are not covered by this provision. 16.06 If an employee works two consecutive shifts she shall be provided a meal by the Employer, or if a meal cannot be provided she shall receive a meal allowance of five dollars ($5.00).
Restricted Junior Payments No Credit Party shall, nor shall it permit any of its Subsidiaries or Affiliates through any manner or means or through any other Person to, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except that: (a) Borrower may make Restricted Junior Payments to Holdings (i) in an aggregate amount not to exceed $2,500,000 in any Fiscal Year, to the extent necessary to permit Holdings or its parent entity to pay general administrative costs and expenses and out-of-pocket legal, accounting and filing and other general corporate overhead costs of Holdings (including, franchise taxes and other fees required to maintain its existence) or its parent entity actually incurred by Holdings or its parent entity, and (ii) for so long as the Borrower is a member of a group filing a consolidated income or combined income tax return with Holdings, to the extent necessary to permit Holdings to discharge the consolidated tax liabilities of Holdings and its Subsidiaries franchise taxes and other fees required to maintain its existence, so long as (A) Holdings applies the amount of any such Restricted Junior Payment for such purpose, and (B) the amount of such payments in respect of any tax year does not, in the aggregate, exceed the amount that Borrower and its Subsidiaries that are members of such consolidated group would have been required to pay in respect of such Taxes in respect of such year if Borrower and its Subsidiaries paid such Taxes directly as a stand-alone consolidated income Tax group (reduced by any such Taxes paid directly by Borrower and its Subsidiaries); (b) so long as no Event of Default shall have occurred and be continuing or shall be caused thereby, Borrower may repurchase, redeem or otherwise acquire or retire for value any Equity Interests of Borrower or any of its Subsidiaries held by any current or former officer, director, consultant or employee of Borrower or any of its Subsidiaries, or his or her estate, spouse, former spouse, or family member (or pay principal or interest on any Indebtedness issued in connection with such repurchase, redemption or other acquisition) and may make Restricted Junior Payments to Holdings utilized for the repurchase, redemption or other acquisition or retirement for value of any Equity Interests of Holdings held by any current or former officer, director, employee or consultant of Borrower or any of its Subsidiaries, or his or her estate, spouse, former spouse, or family member (or for the payment of principal or interest on any Indebtedness issued in connection with such repurchase, redemption or other acquisition) in each case, pursuant to any equity subscription agreement, stock option agreement, shareholders' agreement or similar agreement or benefit plan of any kind; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests may not exceed $2,500,000 in any calendar year period (with unused amounts in any immediately preceding calendar year being carried over to the succeeding calendar year subject to a maximum carry-over amount of $2,500,000 in any calendar year); provided, further, that such amount in any calendar year may be increased by an amount not to exceed: (i) the cash proceeds from the sale of Equity Interests (other than Disqualified Equity Interests) of Holdings to any current or former officer, director, consultant or employee of Borrower or any of its Subsidiaries, or his or her estate, spouse, former spouse, or family member of Borrower, any of its Subsidiaries or any of its direct or indirect parent entities that occurs after the Closing Date, plus (ii) the cash proceeds of key person life insurance policies, if any, received by Holdings and its Subsidiaries after the Closing Date; (c) Holdings and its Subsidiaries may redeem or repurchase Equity Interests in exchange for Equity Interests of Holdings (other than Disqualified Equity Interests) or with the proceeds of a substantially contemporaneous sale of Equity Interests of Holdings (other than Disqualified Equity Interests), or a substantially contemporaneous receipt of a capital contribution to Holdings; (d) Borrower and its Subsidiaries may repay, repurchase, redeem or otherwise acquire for value any subordinated Indebtedness or Permitted Debt Securities with the proceeds of Permitted Refinancing Indebtedness or with the proceeds of a substantially contemporaneous sale of Equity Interests of Holdings (other than Disqualified Equity Interests), or a substantially contemporaneous receipt of a capital contribution to Holdings; (e) Borrower and its Subsidiaries may purchase, redeem and repay the Existing Indebtedness; (f) so long as no Event of Default has occurred and is continuing, Holdings and its Subsidiaries may make other Restricted Junior Payments in an aggregate amount not to exceed $25,000,000; (g) Holdings and its Subsidiaries may make Restricted Junior Payments out of the Available Amount; provided that no Restricted Junior Payments shall be permitted under this clause (g) unless (i) no Event of Default has occurred and is continuing or would arise after giving effect thereto and (ii) on a Pro Forma Basis the Borrower would be in compliance with Section 6.7 as of the last day of the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 5.1(a) or (b) and would have a Senior Secured Leverage Ratio as of such date that is less than or equal to 3.50:1.00; and (h) Holdings and its Subsidiaries may make Restricted Junior Payments during any Suspension Period.
Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

SOR Payments Sample Clauses

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