Drawdown Payment definition

Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d).
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Drawdown Payment means, for a Delivery Year, (i) with respect to a Designated System that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (ii) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(e) of the Cover Sheet.” The following is added as Section 1.24.2:
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Drawdown Payment means, with respect to a Designated System that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System.” The following is added as Section 1.24.2:
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Examples of Drawdown Payment in a sentence

  • For purpose of calculating the refund, Surplus RECs from the Surplus REC Account shall be reduced and applied to the RECs that are associated with a Drawdown Payment, starting with the REC with the lowest Contract Price, REC for REC.

  • If Seller’s Performance Assurance is less than the Aggregate Drawdown Payment, or if Seller has requested to make such payments by additional cash transfer, then Seller shall pay Buyer the difference or the amount of such payments, respectively, within fifteen (15) Business Days of notice by Buyer.

  • If Buyer does not receive such request from Seller within such five (5) Business Day period, or if Seller makes a request within the five (5) Business Day period to pay with cash and then fails to remit the full cash payment by the fourteenth (14th) Business Day after Buyer’s written notice to Seller, Buyer shall draw on Seller’s Performance Assurance to reach the full amount of the Aggregate Drawdown Payment.

  • Any draw for a Designated System in a Delivery Year calculated pursuant to this Section 4.2(d) shall be a Drawdown Payment, in addition to any Drawdown Payments calculated under Section 4.2(c)(iv) above.

  • For avoidance of doubt, no Surplus RECs can be applied to a Drawdown Payment pursuant to Section 4.2(d).

  • Buyer shall credit Seller for each Surplus REC that can be applied to a REC associated with a Drawdown Payment.

  • If Seller’s Performance Assurance is less than the Aggregate Drawdown Payment, then Seller shall pay Buyer the difference within ten (10) Business Days of notice by Buyer.

  • Buyer shall include information on any Drawdown Payment amounts due pursuant to this Section 4.2(d) for a Delivery Year by written notice, which to the extent possible may be with the written notice specified in Section 4.2(c)(v)(A) above for that Delivery Year.

  • Buyer shall include information on any Drawdown Payment amounts due pursuant to this Section 6(e) for a Delivery Year by written notice, which may be with the written notice specified in Section 6(d)(v)(1) above for that Delivery Year.

  • For avoidance of doubt, no refund shall be made for any Drawdown Payment calculated pursuant to Section 6(e) of the Cover Sheet, and no payment shall be made for any Surplus RECs that remain in the Surplus REC Account after the refund adjustment is calculated.


More Definitions of Drawdown Payment

Drawdown Payment means, for a Delivery Year, (ia) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv)Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (ii, and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d)6(e) of the Cover Sheet..
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Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections - , and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section . 1 For avoidance of doubt, the IPA endeavors to designate for the Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization; however, in the event that the IPA designates a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization, then the value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively.
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Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d). 1 For avoidance of doubt, the IPA endeavors to designate for the Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization; however, in the event that the IPA designates a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization, then the values for (a)(iv) and (b)(iv) shall be 13/12 and 167/12, respectively.
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Drawdown Payment means, for a Delivery Year, (i) with respect to a Designated System that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(d)(iv) of the Cover Sheet of the REC Contract,Sections 4.2(c)(ii) - (iv), or (ii) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(e) of the Cover Sheet.4.2(d).
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Drawdown Payment means, for a Delivery Year, (a) with respect to a Designated System 6 For avoidance of doubt, the IPA endeavors to designate for the Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization; however, in the event that the IPA designates a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization, then the value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively. 7 NTD: IPA Act Section 1-75(c)(1)(K)(ii): “At least 20% from distributed renewable energy generation devices with a nameplate capacity of more than 25 kilowatts and no more than 5,000 kilowatts.” (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Sections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 4.2(d).
Sample 1
Drawdown Payment means, for a Delivery Year, (ia) with respect to a Designated System (either a Distributed Renewable Energy Generation Device or a Community Renewable Energy Generation Project) that has a Drawdown REC Quantity, the portion of the Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (iiSections 4.2(c)(i) - 4.2(c)(iv), and/or (b) with respect to a Designated System that is a Community Renewable Energy Generation Project, the portion of the 3 For avoidance of doubt, the IPA endeavors to designate for the Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization; however, in the event that the IPA designates a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization, then the value for (a)(iv) and (e)(iv) shall be 4/12 and 167/12, respectively. 4 NTD: IPA Act Section 1-75(c)(1)(K)(ii): “At least 20% from distributed renewable energy generation devices with a nameplate capacity of more than 25 kilowatts and no more than 5,000 kilowatts.” Aggregate Drawdown Payment attributed to such Designated System based on calculations described in Section 6(e) of the Cover Sheet.4.2(d).
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Related to Drawdown Payment

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • Drawdown means a drawdown of a Facility.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Term Advance has the meaning specified in Section 2.01(a).

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.