Common use of Test Energy and Net Output Before Later of Commercial Operation Date and Scheduled Operation Date Clause in Contracts

Test Energy and Net Output Before Later of Commercial Operation Date and Scheduled Operation Date. Between the Effective Date and the later to occur of the (i) Commercial Operation Date or (ii) the Scheduled Commercial Operation Date, Seller shall sell and deliver to PacifiCorp all Test Energy and Net Output. PacifiCorp shall pay Seller for such Test Energy and Net Output delivered at the Point of Delivery, an amount per MWh equal to seventy five percent (75%) of the Firm Market Price Index for the applicable hour on the applicable day in the applicable month, provided, however, that Seller's right to receive payment for such Test Energy and Net Output is subject to PacifiCorp's right of offset under Section 10.2 for, among other things, payment by Seller of any Delay Damages owed to PacifiCorp by Seller pursuant to Section 2.4.

Appears in 6 contracts

Samples: Pro Forma Draft, Pro Forma Solar Agreement, Power Purchase Agreement

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Test Energy and Net Output Before Later of Commercial Operation Date and Scheduled Operation Date. Between the Effective Date and the later to occur of the (i) Commercial Operation Date or (ii) the Scheduled Commercial Operation Date, Seller shall sell and deliver to PacifiCorp all Test Energy and Net Output. PacifiCorp shall pay Seller for such Test Energy and Net Output delivered at the Point of Delivery, an amount per MWh equal to seventy five percent (75%) of the Firm Market Price Index for the applicable hour on the applicable day in the applicable month, provided, however, that Seller's right to receive payment for such Test Energy and Net Output is subject to PacifiCorp's right of offset under Section 10.2 for, among other things, payment by Seller of any Delay Damages owed to PacifiCorp by Seller pursuant to Section 2.4.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Test Energy and Net Output Before Later of Commercial Operation Date and Scheduled Operation Date. Between the Effective Date and the later to occur of the (i) Commercial Operation Date or (ii) the Scheduled Commercial Operation Date, Seller shall sell and deliver to PacifiCorp all Test Energy and Net Output. PacifiCorp shall pay Seller for such Test Energy and Net Output delivered at the Point of Delivery, an amount per MWh equal to seventy five percent (75%) of the Firm Market Price Index for the applicable hour on the applicable day in the applicable month, provided, however, that Seller's right to receive payment for such Test Energy and Net Output is subject to PacifiCorp's right of offset under Section 10.2 for, among other things, payment by Seller of any Delay Damages owed to PacifiCorp by Seller pursuant to Section 2.4.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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