Examples of Monthly Fixed Amount in a sentence
RGE shall pay Xxxxx the Monthly Fixed Amount (net of Applicable Revenues, any Unplanned Outage Performance Adjustments, any Force Majeure Event Performance Adjustments and any other amounts payable by Xxxxx under this Agreement) for each month during the Term.
Any additional revenues received by Xxxxx due to a Market or Regulatory Change that do not constitute Ginna’s entitlement to Energy Revenues and/or Capacity Revenues described in Section 3.2(b) and (c) shall be for RGE’s account and shall be credited against the Monthly Fixed Amount, with any such revenues in excess of the Monthly Fixed Amount paid to RGE.
Any Generation Attributes and revenues (including any revenues paid by the NYISO) associated therewith (other than energy, capacity and ancillary services and revenues and losses resulting from hedging activities), whether financially settled or otherwise, shall accrue to RGE’s benefit, either as a credit to the Monthly Fixed Amount or as a transfer of title of such Generation Attributes to RGE for the duration of the Term, as Xxxxx may elect.
The Parties acknowledge that the Reliability Support Services shall not include the purchase by RGE of any physical energy-related products or services (energy, capacity or ancillary services); provided that Xxxxx shall be obligated to provide such energy products and services to the NYISO as described in this Agreement, with the Applicable Revenues derived therefrom to be applied as a credit against RGE’s obligation for the Monthly Fixed Amount in accordance with Section 3.2.
Upon the occurrence of a Market or Regulatory Change, the Parties shall modify the economic terms of this Agreement (which may include adjusting the Monthly Fixed Amount, the revenue sharing percentages set forth in Section 3.2, Exhibit 1 and/or Exhibit 5, as applicable) to preserve, to the maximum extent possible, each Party’s economic bargain under this Agreement.
The Parties acknowledge that the Reliability Support Services shall not include the purchase by RGE of any physical energy-related products or services (energy, capacity or ancillary services); provided that Ginna shall be obligated to provide such energy products and services to the NYISO as described in this Agreement, with the Applicable Revenues derived therefrom to be applied as a credit against RGE’s obligation for the Monthly Fixed Amount in accordance with Section 3.2.
For the avoidance of doubt, any Deferred Collection Amount shall not be considered to be part of the Monthly Fixed Amount for purposes of determining any Unplanned Outage Performance Adjustments or any Force Majeure Event Performance Adjustments for periods on and after the Acceptance Date.
Each quarter, the City shall deduct the total payments received from such Third Parties from the Developer’s Monthly Fixed Amount.
During each Annual Review and based upon the above items, the City and Developer shall mutually agree in writing to at least the following items: (i) an annual budget for MDRT Costs for the following calendar year to be included in the Monthly Fixed Amount (as defined below); (ii) a MDRT staffing and work plan/program for the following calendar year; and (iii) any other items required by this Agreement or The Villages Development Agreement or Xxxxxx Hills Development Agreement.
Such Monthly Fixed Amount is subject to modification between Annual Reviews upon mutual written agreement of the parties.