FIT Payments definition

FIT Payments means, as applicable, the Generation Payments and/or Export Payments and paid in accordance with section 3 of this document;
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FIT Payments any payments (including tariffs) payable under the FIT Order and the SLCS in respect of the renewable energy generated by the Equipment (whether exported to the Grid or not). IEE: Institution of Electrical Engineers which forms part of the Institution of Engineering and Technology Grid: the system for transmission of electricity (both local and high voltage) in England and Wales as operated by persons licensed by Ofgem.
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FIT Payments means, as applicable, the Generation Payments and where applicable Export Payments payable to the Generator by EDF Energy, as calculated pursuant to this Agreement;
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Examples of FIT Payments in a sentence

  • If there has been an error made by Us, You or the Authority which has resulted in you not receiving your quarterly FIT Payment or receiving FIT Payments below your entitlement, we will credit Your next Payment in order to reimburse You.

  • We will be entitled to reduce, recoup or withhold FIT Payments in the event that you are involved in the abuse of the FIT and this has been registered on the Central FIT Registry.

  • This Agreement is between You and Us.The eligibility period of this Agreement and the total period for which You will receive payment is set out in Your FIT Plan.Your Eligibility Date is the date on which Your Installation becomes eligible for the FIT Payments.

  • As such We reserve the right to suspend, withhold or recoup any FIT Payments in accordance with Ofgem’s instructions.

  • Even the most patently inadequate petition requires a response that, in the case of the U.S. Fish and Wildlife Service, has a median cost of $39,276.15 If the petition indicates that a listing merely may be (2011) (noting the distressingly few number of successful recoveries, several of which cannot directly be attributedto the ESA).

  • This is the maximum period of time during which You will be entitled to receive FIT Payments, which shall be from Your Eligibility Date to Your End Date.

  • It is always Your responsibility to agree ownership of the System and any of the income received from the FIT Payments.

  • If Your System is not connected to the local electricity network, You will not be eligible to receive any FIT Payments for any surplus electricity exported by Your System.

  • This is the date on which Your Eligibility Period ends and You will stop receiving FIT Payments, as set out in Your FIT Plan.

  • We can only make FIT Payments to the new Nominated Recipient when Ofgem confirms that the Central FIT Register has been updated with the new Nominated Recipient’s details.


More Definitions of FIT Payments

FIT Payments means the Generation Payments and, if applicable, Export Payments;
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FIT Payments any payments (including tariffs) payable under the FIT Order and the SLCS in respect of the renewable energy generated by the Equipment (whether exported to the Grid or not). Grid: the system for transmission of electricity (both local and high voltage) in England and Wales as operated by persons licensed by Ofgem.
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FIT Payments mean the Generation Payments, Export Payments, or both.
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Related to FIT Payments

  • Debit Payment means a particular transaction where a debit is made.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Bonus Payments means that portion of the bonus payments received by the

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Contingent Payments has the meaning set forth in Section 2.05(b).

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph 5.2.1 below. (Payment pursuant to this Contract shall be made as earned, in whole or in part, from available County funds in an amount not to exceed the contract amount.) 5.2.1 Prior to Contract Completion, unless terminated prior to Completion, progress payments shall occur in an amount equal to:

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.