Minimum Discount definition

Minimum Discount means [ ] cents per MWh for the Initial Rate Period and thereafter no less than [ ] cents per MWh. Both amounts are inclusive of any projected Annual Refund.

Minimum Discount means $[ ]/MMBtu for the Initial Reset Period, and thereafter an amount no less than $[ ]/MMBtu. Both amounts are inclusive of any projected Annual Refund and are prior to payment of the Project Administration Fee.

Minimum Discount means [ ] cents per MMBtu for the Initial Reset Period including monthly and projected annual components and prior to payment by Gas Purchaser of the Project Administration Fee, and [ ] cents per MMBtu for any subsequent Reset Period, subject to the same terms.

Examples of Minimum Discount in a sentence

• The Parties acknowledge and agree that, in the event the estimated Available Discount for a Reset Period is not at least equal to the Minimum Discount for that Reset Period (a “Remarketing Event”) FGU will have the right, consistent with the terms of its Project Participant Agreement, to suspend deliveries of Gas for the duration of such Reset Period and the Daily Contract Quantity for such Reset Period shall be zero MMBtu per day.

• Furthermore, upon the commencement of a Reset Period for which the Minimum Discount has been achieved or for which FGU has not submitted a Remarketing Election Notice under its Project Participant Agreement, the term of this Agreement shall be extended for a five (5) year period unless such Reset Period is less than five (5) years in which case this Agreement shall be extended for the duration of such Reset Period (“Extended Term”).

More Definitions of Minimum Discount

Minimum Discount means [23] cents per MMBtu for each subsequent Reset Period. In all cases the Minimum Discount includes both monthly and annual components and is stated before payment of the Project Administration Fee.

Minimum Discount means 24 cents per MMBtu for the Initial Discount Period, and thereafter an amount that would ensure the Available Discount realized from the Initial Discount Period through the end of such Reset Period, excluding any Reset Period for which FGU delivered a Remarketing Election Notice under the Project Participant Agreement, to be an average of no less than 15.2 cents per MMBtu, but in any event no less than 13.6 cents per MMBtu, and in every case includes the Monthly Discount plus the projected Annual Refund.

Minimum Discount means 35 cents per MMBtu for the Initial Rate Period, and not less than 24 cents per MMBtu in a Reset Period, and in every case includes the Monthly Discount plus the projected Annual Refund and is stated before the application of the Project Administration Fee.

Minimum Discount means 35 cents per MMBtu for the Initial Rate Period, and thereafter an amount that would ensure the Available Discount realized from the Initial Rate Period through the end of such Reset Period, excluding any Reset Period for which the Gas Purchaser delivered a Remarketing Election Notice, to be an average of no less than 25 cents per MMBtu, but in any event no less than 20 cents per MMBtu, and in every case includes the Monthly Discount plus the projected Annual Refund and is stated before the application of the Project Administration Fee.

Minimum Discount means 45 cents per MMBtu for the Initial Discount Period, and thereafter for each Reset Period no less than 17 cents per MMBtu, and in every case includes the Monthly Discount plus the projected Annual Refund.

Minimum Discount means [ ] cents per MMBtu for the Initial Discount Period, and thereafter an amount that would ensure the Available Discount realized from the Initial Discount Period through the end of such Reset Period, excluding any Reset Period for which Purchaser delivered a Remarketing Election Notice, to be an average of no less than [ ] cents per MMBtu, but in any event no less than [ ] cents per MMBtu, and in every case includes the Monthly Discount plus the projected Annual Refund. In all cases, the applicable Minimum Discount shall be determined prior to the payment of the Supply Administration Fee.

Minimum Discount means [ ] cents per MMBtu.