Net Annual Payment definition

Net Annual Payment has the meaning given in section 7 of Schedule 1 (“Support terms”). Net Operational Revenue means, for a period, the Operational Revenue for that period less the Permitted Costs for that period. Network means that part of the SWIS to which the Project is or will be connected at its Connection Point.

Net Annual Payment has the meaning given in section 8. Performance Coverage Capacity Ratio and PCCR have the meaning given in section 6.4. Performance Coverage Time Ratio and PCTR have the meaning given in section 6.3.

Net Annual Payment has the meaning given in section 7.

Examples of Net Annual Payment in a sentence

• The Annual Reconciliation Payment for each Support Year during the Support Period is calculated as follows: ASY = BSY - ∑ Bq Where: ASY = the Annual Reconciliation Payment for the relevant Support Year; BSY = the Net Annual Payment for the relevant Support Year; and ∑ Bq = the aggregate of the Quarterly Payments to which the Operator is entitled for the first three Quarters of the relevant Support Year.

• Annual Reconciliation Payment The Annual Reconciliation Payment for each Support Year during the Support Period is calculated as follows: ASY = BSY - ∑ Bq Where: ASY = the Annual Reconciliation Payment for the relevant Support Year; BSY = the Net Annual Payment for the relevant Support Year; and ∑ Bq = the aggregate of the Quarterly Payments to which the Operator is entitled for the first three Quarters of the relevant Support Year.

• Calculation of Net Annual Payment The Net Annual Payment for each Support Year during the Support Period is calculated as follows: BSY = CSY - DSY - ZSY Where: BSY = the Net Annual Payment for the relevant Support Year; CSY = the Annual Support Amount for the relevant Support Year; (in $); DSY = the Annual Revenue Sharing Amount for the relevant Support Year; and ZSY = the Aggregate Annual Rebate for the relevant Support Year;.

• The Net Annual Payment for each Support Year during the Support Period is calculated as follows: BSY = CSY - DSY - ZSY Where: BSY = the Net Annual Payment for the relevant Support Year; CSY = the Annual Support Amount for the relevant Support Year (in $); DSY = the Annual Revenue Sharing Amount for the relevant Support Year; and ZSY = the Aggregate Annual Rebate for the relevant Support Year.

• Calculation of Net Annual Payment The Net Annual Payment for each Support Year during the Support Period is calculated as follows: BSY = CSY - DSY - ZSY Where: BSY = the Net Annual Payment for the relevant Support Year; CSY = the Annual Support Amount for the relevant Support Year (in $); DSY = the Annual Revenue Sharing Amount for the relevant Support Year; and ZSY = the Aggregate Annual Rebate for the relevant Support Year.

More Definitions of Net Annual Payment

Net Annual Payment has the meaning given in section 8 of Schedule 4.