Common use of Transpower must pay the Provider Clause in Contracts

Transpower must pay the Provider. (a) half of the Establishment Fee for each Block, which will accrue on the commencement of this agreement; (b) subject to clause 6.2, the other half of the Establishment Fee for each Block, which will accrue (if payable) when this agreement expires or is terminated or, if earlier, on 30 June 2017; (c) the Strike Fee for DR provided in accordance with this agreement in response to each Call, disregarding any DR: (i) in excess of the Expected Delivery of the Called Block; or (ii) provided outside the relevant Call Period. The Strike Fee (if payable) will accrue when the Call is made.

Transpower must pay the Provider. (a) half of the Establishment Fee for each Block, which will accrue on the commencement of this agreement; (b) subject to clause 6.2, the other half of the Establishment Fee for each Block, which will accrue (if payable) when this agreement expires or is terminated or, if earlier, on 30 June 20172016; (c) the Strike Fee for DR provided in accordance with this agreement in response to each Call, disregarding any DR: (i) in excess of the Expected Delivery of the Called Block; or (ii) provided outside the relevant Call Period. The Strike Fee (if payable) will accrue when the Call is made.