Deemed Energy Payment definition

Deemed Energy Payment means an amount (excluding VAT) that shall be due and payable by the Buyer to the Seller for the Deemed Energy during a specified period pursuant to the provisions of clause 14 (Consequences of a System Event), which payment shall be calculated in accordance with Schedule 5 (Deemed Energy Payment) with reference to the Commercial Energy Rate, and dependent on the period in respect of which such payment is due and payable;

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Deemed Energy Payment means an amount (excluding VAT) that shall be due and payable by the Buyer to the Seller for the Deemed Energy during a specified period pursuant to the provisions of clause

Deemed Energy Payment has the meaning given to it in the PPA.

Examples of Deemed Energy Payment in a sentence

The Buyer shall pay to the Seller the Deemed Energy Payment for all Deemed Energy accruing in each Billing Period calculated in terms of clause 14 (Consequences of a System Event), clause 15 (Consequences of a Compensation Event) and Schedule 5 (Deemed Energy Payment).
While a Dispute is continuing, the Parties are required to continue to perform their respective obligations, including the payment of the Energy Payment and/or Deemed Energy Payment, under this Agreement until such dispute has been fully and finally resolved.
The Deemed Energy Payment shall be calculated as follows: Payment for electricity produced for the Billed Period shall be based on the Base Tariff.
The Deemed Energy Payment for the Billing period, from NamPower to the Seller, shall be: Deemed Energy Payment = Indexed Tariff x Deemed Net Energy for Billing Period.
NamPower shall pay to the Seller: for each Billing Period during the Term (including the Billing Period in which the Commercial Operation Date occurs), the Energy Payment (as per Annexure C (Energy Payment)); and for the duration of the Deemed Commercial Operation Period, if it occurs, the Deemed Energy Payment.
The Deemed Energy Payment shall be calculated as provided in Paragraph A3 below.
Without derogating from NamPower's obligation to pay the Deemed Energy Payment as aforesaid, NamPower shall notify the Seller promptly: upon the occurrence of any event resulting in the Transmission System being unable to operate or events affecting system stability; and/or if NamPower determines that maintenance of the Transmission System is required prior to the next Scheduled Transmission System Outage and that an Unscheduled Transmission System Outage is required.
Should the Transmission Unavailability be in excess of the Transmission Unavailability Threshold on an annual basis for reasons other than Force Majeure, NamPower shall be liable to pay the Deemed Energy Payment for the period or periods during which such Transmission Unavailability Threshold is exceeded during a Contract Year.
The Buyer shall pay to the Seller the Deemed Energy Payment for all Deemed Energy accruing in each Billing Period calculated in terms of clause 15 (Consequences of a System Event), clause 16 (Consequences of a Compensation Event) and Schedule 5 (Deemed Energy Payment).
Should the Transmission Unavailability be in excess of the Transmission Unavailability Threshold on an annual basis for reasons other than Force Majeure, NamPower shall be liable to pay the Deemed Energy Payment for the period or periods during which such Transmission Unavailability Threshold is exceeded during a Contract Year..

More Definitions of Deemed Energy Payment

Deemed Energy Payment has the meaning given to it in Clause 6.3.2(iii) and Paragraphs A2 and A3 in Annexure C (Energy Payment), which shall be applicable in all Events of Deemed Availability, mutatis mutandis;

Deemed Energy Payment has the meaning given to it in Schedule 4 (Determination of Payments).

Deemed Energy Payment shall have the meaning given to it under the Power Purchase Agreement;