Common use of Storage Rate Clause in Contracts

Storage Rate. All Storage Product shall be paid on a monthly basis at the Storage Rate multiplied by the Storage Contract Capacity as adjusted for the Storage Capacity Test, for such month multiplied by the Availability Adjustment for such month (as determined under Exhibit P). Such payment constitutes the entirety of the amount due to Seller from Buyer for the Storage Product.

Appears in 2 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

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Storage Rate. 28 All Storage Product shall be paid on a monthly basis at the Storage Rate multiplied by the current Storage Contract Capacity Capacity, as adjusted for by the Storage Capacity Test, for such month multiplied by the Availability Adjustment for such month (as determined under Exhibit P). Such O. The Storage Rate is paid for the first ten (10) Contract Years of the Delivery Term only and such payment constitutes the entirety of the amount due to Seller from Buyer for the Storage Product.

Appears in 2 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

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Storage Rate. 39 All Storage Product shall be paid on a monthly basis at the Storage Rate multiplied by the Storage Contract Capacity for such month, as adjusted for by the Storage Capacity Test, for such month multiplied by the Round-Trip Efficiency Factor multiplied by the Availability Adjustment for such month (as determined under Exhibit PL). Such payment constitutes the entirety of the amount due to Seller from Buyer for the Storage Product.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

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