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).
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Daily Payment Amount means an amount equal to the sum of:
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Daily Payment Amount means, with respect to a Season in a Planning Year, the amount equal to the product of: (a) the Fixed Price for such Season minus the ACP for such Season and (b) the Contract Quantity set forth in Table A.
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Examples of Daily Payment Amount in a sentence

  • 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).

  • 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).


More Definitions of Daily Payment Amount

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.
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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;
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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;
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