XXXX Incentive Payment Sample Clauses

XXXX Incentive Payment. On the terms and subject to the conditions set forth in this Agreement, Public Service agrees to pay to Incentive Recipient a XXXX Incentive in the amount of $500 per kW of installed capacity. The total amount of the XXXX Incentive will be capped at 50 percent of the overall cost of the XXXX (“Overall XXXX Cost”), which is the actual cost of the battery plus (if not integrated into or with the XXXX) the inverter, (if not an integrated system) exclusive of tax and installation costs, as subsequently provided to Public Service by Owner/Operator or another application agent communicating with Public Service on Owner/Operator’s behalf. Owner/Operator warrants that the Actual XXXX Cost amount to be provided to Public Service by Owner/Operator or on Owner/Operator’s behalf shall be true and accurate consistent with the definition of Actual XXXX Cost provided herein. If Host is an “income-qualified” customer or member of a “disproportionately impacted community,” the XXXX Incentive Public Service pays to Incentive Recipient will be $800 per kW of installed capacity, capped at 75 percent of the Overall XXXX Cost. The “Total XXXX Cost” is equal to the Overall XXXX Cost minus Other Financial Incentives. “Other Financial Incentives” include any financial incentive(s) that the Owner/Operator, Host, and/or Incentive Recipient has received related to the XXXX other than the XXXX Incentive, including any funding through a state or federal program or tax credit. Owner/Operator represents and warrants that the XXXX Incentive does not exceed the Total XXXX Cost. The XXXX Incentive will be paid, or credited as applicable, one time to Incentive Recipient and will be issued within 60 days after the Effective Date. If Host is an “income- qualified” customer or member of a “disproportionately impacted community,” and Owner/Operator is not Host and does not designate Host as Incentive Recipient, Owner/Operator guarantees that substantially all of the economic benefit associated with the XXXX Incentive will be provided to Host (e.g., as a credit to reduce XXXX lease payments). If substantially all of the economic benefit associated with the XXXX Incentive is not provided to Host in accordance with this guarantee, as applicable, Owner/Operator shall refund Public Service the amount of the XXXX Incentive to the extent not provided to Host and indemnify Public Service for all costs incurred by Public Service as a result of such breach. The “Effective Date” shall occur on date when bo...
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Related to XXXX Incentive Payment

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Definitions For purposes of this Agreement:

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Waiver The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

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