Annual Refund definition
Examples of Annual Refund in a sentence
On the date of this Agreement, the projected Annual Refund for the Initial Discount Period is [ cents ($0.
On the date of this Agreement, the projected Annual Refund for the Initial Discount Period is cents ($0.
In the event that, following each such reconciliation, it is determined that the amounts received in respect of the Administrative Fee during the applicable annual period exceed Operating Expenses paid or accrued for such period, CCCFA will provide written notice thereof to MCE and include the amount of such excess in its Annual Refund to MCE under the Clean Energy Purchase Contract.
In the event that Cayuga operates only one RSS Unit as a merchant unit after the expiration of the Initial Term, any Necessary Extension and any Second Necessary Extension, it shall be required to reimburse NYSEG for 50% of the Capital Expenditures specific to that RSS Unit and 37.5% of the Capital Expenditures incurred in connection with improvements to the Cayuga Generation Facility at the rate of 20% per year (the “the Single Unit Annual Refund Amount”) during the Refund Period.
However, the amount of the Annual Refund to be paid by the Executive within 30 days of the end of such twelve month period, pursuant to this Section 12(f)(ii)(B), shall not exceed the amount of Liquidated Damages actually paid to the Executive by the Employer during such period (the "Actual Annual Damages").
In addition to the Monthly Discount applicable to deliveries of the Daily Contract Quantity to Purchaser under this Agreement, Seller (or FGU or BBE on behalf of Seller) shall, provide the Annual Refund to Purchaser following the release of such funds under the Bond Indenture.
In addition to any Monthly Discount Percentage applied to Energy Scheduled hereunder, Issuer shall credit such Annual Refund to Purchaser as may be available for distribution by Issuer pursuant to Section 5.12 of the Bond Indenture, subject to the provisions of this Section 3.4. Such Annual Refund, if any, shall be credited to the next amount due from Purchaser following the release of funds for such purpose to Issuer under the terms of the Bond Indenture.
In addition to any Monthly Discount Percentage applied to Energy Scheduled hereunder, Issuer shall credit such Annual Refund to Purchaser as may be available for distribution by Issuer pursuant to Section 5.12(b) of the Bond Indenture during the Delivery Period, subject to the provisions of this Section 3.3. Such Annual Refund, if any, shall be credited to the next amount due from Purchaser following the release of funds for such purpose to Issuer under the terms of the Bond Indenture.
Such Annual Refund, if any, shall be paid by TEAC to Purchaser and the other Project Participants as soon as practicable following the release of funds for such purpose to TEAC under the terms of the Bond Indenture.
In addition to the Monthly Discount applicable to deliveries of the Daily Contract Quantity to Purchaser under this Agreement, TEAC shall provide such Annual Refund to Purchaser as may be available for distribution by TEAC pursuant to Section 5.10(b) of the Bond Indenture.