Monthly Option Payment definition

Monthly Option Payment is defined in Section 8.1(a) for Condition 1 and Section 8.2(a) for Condition 2.
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Examples of Monthly Option Payment in a sentence

  • Applicable UDC Tariff(s) [List each Tariff and schedule to which it applies] Schedule B Monthly Option Payment Monthly Option Payment The formulas and values used to compute the Monthly Option Payment in accordance with Section 8.1 and Section 8.2 for each Unit for each Month are set forth in Equation B-1 below: Monthly Option Payment = Monthly Availability Payment Equation B-1 Monthly + Surcharge Payment Monthly – Nonperformance Penalty The Monthly Option Payment can never be less than zero.

Related to Monthly Option Payment

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • 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 –

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • 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.

  • Payment Amount as defined in Section 3.5.

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

  • Earnout Payment has the meaning set forth in Section 2.3(b).