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 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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Difference Payment means, for a specific Billing Period, an amount (expressed in RON) calculated in accordance with the following formula:
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Examples of Difference Payment in a sentence

  • 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).

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

  • Following notice of agreement by the RSA Counterparty pursuant to Clause 7 (Assurance by the RSA Counterparty), T&SCo shall be entitled to payment of any Final Reconciliation Difference Payment by the RSA Counterparty, in accordance with Clause 10.1(d) (Payment).

  • The evidence and calculations provided by T&SCo pursuant to Clause 6.2 shall include, as a minimum, the Difference Payment Information in respect of any Final Reconciliation Difference Payment.

  • T&SCo shall submit to the RSA Counterparty its Difference Payment Calculation for the Quarterly Reconciliation Payment, within five (5) Business Days of the Invoice Document being submitted to each User for the final month in Quartert.

  • T&SCo shall calculate the Interim Difference Payment in accordance with this Clause 3, as the amount by which the Adjusted Allowed Revenue for Operational Charging Yeart is greater than the Adjusted Forecast Market Revenue for Operational Charging Yeart.

  • Following notice of agreement by the RSA Counterparty pursuant to Clause 7 (Assurance by the RSA Counterparty), T&SCo shall be entitled to payment of any First User Delay Difference Payment by the RSA Counterparty, in accordance with Clause 10.1(b) (Payment).

  • 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”).

  • Where an Event of First User Delay occurs, T&SCo shall provide the Difference Payment Calculation (including any adjustment pursuant to Clause 10.1(c)(i)) for any First User Delay Difference Payment to the RSA Counterparty within ten (10) Business Days following the end of Montht.


More Definitions of Difference Payment

Difference Payment means, for a given Billing Period, an amount (expressed in RON) calculated according to the following formula:
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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 Pricei means the Reference Pricei of the relevant Basket Componenti as specified in

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

  • Calculation Amount means the Calculation Amount as specified in § 1 of the Product and Underlying Data.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;