Daily Payment Amount definition

Daily Payment Amount. The result obtained by dividing the sum of all Seasonal Totals or Adjusted Seasonal Totals, as applicable, for all Source Zones in the applicable Season by the number of days in the applicable Season shall be the Daily Payment Amount of such Season. For avoidance of doubt, the Seasonal Total or Adjusted Seasonal Total used to calculate the Daily Payment Amount shall be based on the portion of the Contract Quantity that has been delivered. If applicable, throughout the Term of this Confirmation Agreement, Party A shall be responsible for scheduling, replacing, testing or updating the information associated with ZRCs which initiate from its MISO capacity obligation from registering with MISO such as EDR, DRR or LMR. (as such terms are defined in the MISO Documents).

Daily Payment Amount. For any Tranche, for any calendar day, the product of (i) the Number of Shares for such Tranche on such day and (ii) USD0.0043932 per Share.

Daily Payment Amount means an amount equal to five point five per cent (5.5%) per annum based on a 365 day year (accruing daily and compounding annually) on the Base Consideration for the period from (and excluding) the Locked Box Date to (and including) the Closing Date;

Examples of Daily Payment Amount in a sentence

• Where the Issuer determines it is unable to draw under the Daily Payment Amount Facility it shall be entitled to make payment of such Daily Payment Amount on the next following Repo Day.

• MSCG shall notify TRC of the Net Daily Payment Amount and the Party to whom such Net Daily Payment Amount is owed shall prepare and deliver to the other Party an invoice in respect such amount by 11:00 a.m. EPT on such Payment Date (the “Payment Amount Invoice” for such day).

• Progress payments for this item will be calculated by multiplying the Daily Payment Amount by the calendar days in the estimate period, less any deductions for unsatisfactory CPM Progress Schedules.

• The amount of such calendar day non-payment will be the Daily Payment Amount as calculated above multiplied by the number of days there are deficiencies in compliance with the specification requirements.

• MSCG shall notify PBF of the Net Daily Payment Amount and the Party to whom such Net Daily Payment Amount is owed shall prepare and deliver to the other Party an invoice in respect such amount by 11:00 a.m. EPT on such Payment Date (the “Payment Amount Invoice” for such day).

• If any breach of Clause 10.1 occurs, and to the extent that an amount equal to such Leakage is not included within the Agreed Leakage Amount, the Seller shall pay to the Purchaser on demand in USD an amount in cash equal to the amount of such Leakage (as determined pursuant to Clause 10.4) plus the applicable Leakage Daily Payment Amount within 10 Business Days from the date of demand (unless deducted under Clause 3.1.5).

• A Daily Payment Amount will be calculated in respect of each Currency Transaction on every Pricing Day to reflect the movements in the relevant Currency Index since the preceding Pricing Day.

• Each Currency Transaction will be linked to the performance of the relevant Currency Index and a Daily Payment Amount will be calculated on each Pricing Day to reflect the movements in the relevant Currency Index since the preceding Pricing Day.

• Failing such payment for any reason, Pay@ may deduct the Fees from any Aggregate Daily Payment Amount and pay over such Aggregate Daily Payment Amount net of the Fees.

More Definitions of Daily Payment Amount

Daily Payment Amount means an amount equal to the sum of:

Daily Payment Amount means an amount of two hundred and fifty thousand dollars (US$250,000) in cash multiplied by each calendar day from (and including) 1 January 2022 to (and including) the Completion Date;