SOR Payments Sample Clauses

The SOR Payments clause defines the terms and conditions under which payments related to the Schedule of Rates (SOR) are made between parties. Typically, this clause outlines how payment amounts are calculated based on completed work items listed in the SOR, the timing of payment submissions, and any documentation required to support payment claims. By establishing a clear process for valuing and paying for work performed, the clause ensures transparency and reduces disputes over payment, thereby facilitating smooth financial transactions throughout the project.
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 04.2.. 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 46.1; b) SOR Payment Rate is the Payment Rate (expressed in €/MWh) applicable to SOR; c) SOR Scaling Factor = SOR Event Performance Scalar x SOR Availability Performance Scalar x SOR Locational Scalar x SOR Temporal Scarcity Scalar; and d) the Trading Period Duration is expressed in hours. For the purposes of Section 4.2(c) above, the SOR Temporal Scarcity Scalar is X [To be defined and published at least 1 month prior to procurement]:2.76.
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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 6.2. 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 FactorTrading 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 6.1; b) SOR Payment Rate is the Payment Rate (expressed in €/MWh) applicable to SOR; c) SOR Scaling Factor = SOR Event Performance Scalar x Availability Performance Scalar x SOR Temporal Scarcity Scalar; and d) the Trading Period Duration is expressed in hours. For the purposes of (c) above, the SOR Temporal Scarcity Scalar is 2.76.
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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 FactorTrading 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 • SORTSS3 in the event that SNSP >70%; 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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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 ≥>
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Related to SOR Payments

  • 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).

  • ▇▇▇▇▇▇▇▇▇ Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • – 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 The Borrower will not, and will not permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Junior Payment, or incur any obligation (contingent or otherwise) to do so, except that (a) the Borrower or any Subsidiary may declare and pay dividends, and make other distributions, with respect to its Equity Interests payable solely in additional Equity Interests, (b) any Subsidiary may declare and pay dividends or make other distributions with respect to its Equity Interests ratably to the holders of such Equity Interests, (c) the Borrower and its Subsidiaries may make Restricted Junior Payments, not exceeding $100,000,000 in the aggregate for any Fiscal Year, (d) the Borrower may redeem or otherwise cancel Equity Interests or rights in respect thereof granted to directors, officers, employees or other providers of services to the Borrower and the Subsidiaries in an amount required to satisfy tax withholding obligations related to the vesting, settlement or exercise of such Equity Interests or rights, and may issue common Equity Interests to settle rights in respect of Equity Interests, and (e) the Borrower may make additional cash Restricted Junior Payments so long as at the time of and after giving effect to each such Restricted Junior Payment, (i) no Default or Event of Default shall have occurred and be continuing and (ii) the sum of the amount such Restricted Junior Payment and the aggregate amount of all prior Restricted Junior Payments made in reliance on this clause (e) shall not exceed 50% of the Borrower’s aggregate Consolidated Net Income for all completed Fiscal Years for which the financial statements required by Section 5.01(b) shall have been delivered, commencing with the Fiscal Year ending December 31, 2012, taken as a single accounting period and (iii) the Borrower shall have delivered to the Administrative Agent a certificate of the chief financial officer of the Borrower demonstrating compliance with clauses (i) and (ii) above, together with, in the case of clause (ii), reasonably detailed calculations in support thereof.

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.