Difference Payment definition

Difference Payment means the payment referred to in Clause 5.1 and calculated under Schedule 3;
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Difference Payment means, for a specific Billing Period, an amount (expressed in RON) calculated in accordance with the following formula:
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Difference Payment means, for a given Billing Period, an amount (expressed in RON) calculated according to the following formula:
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Examples of Difference Payment in a sentence

  • The FIP is described as being 2-way because when costs exceed market revenues a Support Payment will be due to the Supplier, and when market revenues exceed costs a Difference Payment will be due from the Supplier.

  • The “Water Associations” photography competition, organised for the last five years to- gether with the media, attracts increasing numbers of supporters.

  • For each Transaction, the Difference Payment due to Buyer (“DPB”) for a Trading Period is calculated as follows: DPBtp = 0.50 * Max (0, (SMPtp – SPtp) * Qtp) where: SMPtp is the SMP in [€/MWh] [£/MWh] for the Trading Period; SPtp is the Strike Price in [€/MWh] [£/MWh] for the Trading Period; and Qtp is the Contract Quantity (in MW) for that Transaction applicable to the Trading Period.

  • By way of non-binding illustrative example for the above calculation, say: SMPtp = 46 (€/MWh or £/MWh) SPtp = 50 (€/MWh or £/MWh) Qtp = 5MW, then the Difference Payment due to the Seller will be: 0.5* Max (0, (50-46) *5) = 10 (€/MWh or £/MWh).

  • The descriptions provided in this Section 5.2.6 are for the purpose of describing the effective amount of the Support Payment and the Difference Payment.

  • The descriptions provided in this Section 5.2.5 are for the purpose of describing the effective amount of the Support Payment and the Difference Payment.

  • Group companies are required to contribute to the Price Difference Payment Fund pursuant to art.

  • The Audit and Indemnity Escrow Amount allocated to each Selling Shareholder shall be reduced by an amount equal to its Seller Pro Rata Share of the Audit Difference Payment (the “Pro Rata Audit Difference”).

  • The descriptions provided in this section 5.2.5 are for the purpose of describing the effective amount of the Support Payment and the Difference Payment.

  • However, in contrast to REFIT, RESS 1 Support will not include a Balancing Cost Payment or a Technology Difference Payment.


More Definitions of Difference Payment

Difference Payment means, for any Settlement Interval, an amount payable from the AESO to the Generator, or from the Generator to the AESO, as the case may be, on account of the difference between the Strike Price and the Pool Price, determined in accordance with Section 6.2;
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Related to Difference Payment

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Difference means in an FX and CFD the difference in price upon the opening of a Transaction and the closing of such Transaction.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.

  • Payment Amount as defined in Section 3.5.

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.