Examples of Demand Charge in a sentence
The first part is the Capital Incentive and the second part is the Demand Charge Incentive.
Contract No. _________ Capital Incentive Up to $ _________ This amount does not include the Demand Charge Incentive Demand Charge Incentive Up to $__________ Subject to assessment of Service Credits.
If the Recipient has requested a Demand Charge Incentive, then any Service Credit will be deducted from the quarterly Demand Charge Incentive payment for the applicable Host Site.
If a Force Majeure Event affecting JGN occurs and prevents JGN from performing its obligations to the Userunder this Agreement in respect of a Demand Customer Delivery Point, the Demand Charge for any Delivery Point to which JGN was unable to deliver Gas to the MDQ for that Delivery Point will, for any period during which JGN is unable to deliver Gas to the MDQ, be calculated by reference to the actual amount withdrawn each Day at that Delivery Point.
In the event that the Recipient has not requested a Demand Charge Incentive, then any Service Credit shall be assessed at the end of every fourth quarter (each four-quarter period being an “Annual Assessment Period”) and shall be paid to the Trust by Recipient within thirty (30) days of Recipient’s receipt of notice from the Trust that such Service Credit is due.