Common use of Subsequent Payment Adjustments Clause in Contracts

Subsequent Payment Adjustments. The Parties understand that in certain cases monthly xxxxxxxx will need to be made on an estimated basis, including with respect to the calculation of Energy Cost for each of the OPC Resources. In addition, the Parties understand that after the fact adjustments to amounts owed or revenues received may be made pursuant to the CSA or other OPC Contracts, which adjustments may affect the Energy Cost and associated amounts payable by LPM to OPC under this Agreement. Each Party shall cooperate in good-faith with the other Party to obtain the requisite information and perform the necessary computations so as to "true-up" or otherwise adjust any estimated or adjusted xxxxxxxx promptly.

Appears in 4 contracts

Samples: Power Purchase and Sale Agreement (Lg&e Energy Corp), Power Purchase and Sale Agreement (Lg&e Energy Corp), Power Purchase and Sale Agreement (Oglethorpe Power Corp)

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Subsequent Payment Adjustments. The Parties understand that in certain cases monthly xxxxxxxx will need to be made on an estimated basis, including with respect to the calculation of Energy Cost for each of the OPC Resources. In addition, the Parties understand that after the fact adjustments to amounts owed or revenues received may be made pursuant to the CSA or other OPC Contracts, which adjustments may affect the Energy Cost and associated amounts payable by LPM MS to OPC under this Agreement. Each Party shall cooperate in good-faith with the other Party to obtain the requisite information and perform the necessary computations so as to "true-up" or otherwise adjust any estimated or adjusted xxxxxxxx promptly.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement (Oglethorpe Power Corp)

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