Fuel Use Default Payment definition

Fuel Use Default Payment has the meaning set forth in Section 13.5.1.1 “Full Buy/Sell” is the type of transaction described in Section 2.3.1.
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Examples of Fuel Use Default Payment in a sentence

  • The Fuel Use Default Payment is calculated by the number of MWhs of Delivered Energy and Paid Curtailed Product provided by the Seller to Buyer from January 1 of the applicable Calendar Year(s) to the Early Termination Date multiplied by the difference between (a) $199.72/MWh adjusted for XXX Factors and (b) the Contract Price adjusted for XXX Factors.

  • In the event Seller fails to pay the Fuel Use Default Payment when due, Buyer may deduct and offset the Fuel Use Default Payment from the posted Collateral Requirement.] If the non-defaulting Party’s aggregate Gains exceed its aggregate Losses and Costs, if any, determined as of the Early Termination Date, the Settlement Amount shall be Zero dollars ($0).

Related to Fuel Use Default Payment

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;