Minimum Monthly Capacity Payment definition

Minimum Monthly Capacity Payment has the meaning set forth in Section 5.1.3. “Monthly Capacity Payment” has the meaning set forth in Section 5.1.2. “Moody’s” shall mean Xxxxx’x Investor Services, Inc.
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Examples of Minimum Monthly Capacity Payment in a sentence

  • Commencing on the last day of the month in which the Commercial Operation Date occurs, Buyer shall, subject to Section 5.1.4, pay to Seller in arrears a Capacity Payment equal to the greater of (i) the Monthly Capacity Payment as determined in Section 5.1.2, or (ii) the Minimum Monthly Capacity Payment as determined in Section 5.1.3.

  • During any month, the “Minimum Monthly Capacity Payment” shall equal the amount determined by the following formula: Minimum Monthly Capacity Payment = CC × 1000 × CPR × [●%], where: CC = the Contract Capacity; CPR = Capacity Payment Rate; and % = [●].

  • With respect to any month in which the calculated Monthly Capacity Payment is less than the Minimum Monthly Capacity Payment, the difference between the two payment amounts shall be set forth in a separate account (the amount in such account is referred to herein as the “Capacity Payment Shortfall”).

Related to Minimum Monthly Capacity Payment

  • Capacity Payment means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.

  • Contract Capacity has the meaning set forth in Section 3.1(f).

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.