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

  • 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 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.

  • 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.

  • Upon the conclusion of the annual review process pursuant to Section 4.2(c) above for the last Delivery Year under this Agreement, if (i) there are Surplus RECs remaining in the Surplus REC Account and (ii) a Drawdown Payment calculated under Section 4.2(c)(iv) above has occurred during the Term of this Agreement, then the IPA shall calculate a monetary refund adjustment due to Seller from Buyer.

  • Notwithstanding the foregoing, the Drawdown Payment pursuant to Section 4.2(c)(iv), if applicable, shall be calculated and accounted first before the calculation pursuant to Section 4.2(d) is made, and the sum of the Drawdown Payments calculated pursuant to Section 4.2(c)(iv) and Section 4.2(d) shall not exceed the total payment allocable to that Delivery Year based on the Subscription information indicated in the last Community Solar Quarterly Report.

  • If the Aggregate Drawdown Payment is less than $5,000, the IPA will track such amount and add such amount to the Aggregate Drawdown Payment for the subsequent Delivery Year or Delivery Years until the earlier of: the last Delivery Year or such time when the Aggregate Drawdown Payment is at least $5,000.

  • Buyer shall credit Seller for each Surplus REC that can be applied to a REC associated with a Drawdown Payment as defined in the first sentence of this Section 4.2(h).

  • Both the Mpumalanga and Limpopo Mistbelt Forest subgroups are classified under the Northern Mistbelt Forest Group (Mucina and Rutherford 2006).

  • If the Aggregate Drawdown Payment is equal to or greater than $5,000, a list of the Drawdown Payment amounts by Designated System shall be provided by the IPA to Buyer.


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 Section 6(d)(iv) of the Cover Sheet of the REC Contract, or (iiSections 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 6(e) of the Cover Sheet.1.1(a).
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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, (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).
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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).
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 an Advance;

  • 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;

  • 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.

  • 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.