Deployment Payment definition
Examples of Deployment Payment in a sentence
Deployment Payment (“DP”) DP = Deployment Price * Contract Capacity * % of Contract Capacity passing Performance Test.
Buyer shall pay Seller a Deployment Payment upon completion of a passing Performance Test.
Deployment Payment Eq. 7 sets out the calculation for the Deployment Payment ($) applicable to the month “m” for Thermal Resource, Storage Resource or Demand Response Resource (C&I).
After successful completion of the Initial Performance Test Buyer shall pay Seller a one-time Deployment Payment, pursuant to Article 9 below, calculated as follows: DP = (CC – ECC) x 20% x Contract Price, where DP = Deployment Payment ($) CC = Contract Capacity (kW).
In the case of a Micro Site, the Deployment Payment shall be $37,500 (thirty-seven thousand and five hundred dollars).
Each Deployment Payment shall be earned upon APB’s presentation to the County of a related invoice and documentation sufficiently demonstrating purchase and deployment, and shall be due to be paid by the County to APB no later than thirty (30) days after the County’s receipt of such invoice and documentation.
On or before the fifteenth (15th) calendar day following each month of the Delivery Term, Seller shall invoice Buyer, in arrears, for all amounts due from Buyer to Seller or from Seller to Buyer (as applicable) under this Agreement, including, as applicable: The Deployment Payment, the Reservation Payment and the Performance Payment, and other compensatory adjustments required by this Agreement, including adjustments for Governmental Charges.
In the case of a Macro Site, the Deployment Payment shall be $133,500 (one hundred thirty-three thousand and five hundred dollars).