Net Incremental Revenues definition

Net Incremental Revenues means, with respect to a Facility Opportunity, the Incremental Revenues relating to such Facility Opportunity minus all incremental O&M Costs incurred by the Company in connection with such Facility Opportunity.
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Net Incremental Revenues shall be determined each month for each Additional Product and type of Incremental Production and means, for each month and for each Additional Product and type of Incremental Production, (a) the aggregate Incremental Revenues for such month for each such Additional Product and type of Incremental Production, less (b) all costs and expenses incurred to generate the applicable Incremental Production or Additional Product such as (i) with respect to Incremental Production, fuel costs associated with Incremental Production, calculated by (A) multiplying the total expenditure on fuel for the month by 93.59% then (B) subtracting an amount equal to the applicable monthly Fuel Component multiplied by the applicable MDQ, (ii) the actual incremental operating costs (which incremental operating costs shall be subject to verification by an independent third party engineer and audited by Seller and/or Buyer, if there is any disagreement with the verification), (iii) with respect to argon only, the incremental capital costs allocated to the production of argon as set forth in Schedule 5.4(c)(ii), (iv) with respect to incremental power only, fuel costs associated with incremental power, calculated by dividing the cost of fuel associated with Incremental Production for the applicable month by 93.59% and then multiplying the resulting amount by 6.41%, (v) marketing expenses associated with the sale of Incremental Production and Additional Products, and (vi) incremental Taxes assessed against Seller in connection with the generation of Incremental Revenues. The actual expenses, including incremental operating costs, described above incurred in connection with the production of such Incremental Production and Additional Products will be verified by the Independent Engineer within ninety (90) days after the end of the applicable Contract Year (which amount verified by such Independent Engineer shall be subject to audit and verification by Seller and/or Buyer as applicable).
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Net Incremental Revenues shall be determined each month on an aggregate basis for all Additional Products as the amount equal to (a) the aggregate Incremental Revenues for such month for all Additional Products, minus (b) the aggregate of all costs and expenses incurred to generate such aggregate Incremental Revenues to the extent such costs and expenses are not otherwise included in the determination of the Base Contract Price or the Adjusted Base Contract Price or, under the Public Act, are not permitted to be passed through to a Purchasing Utility or its customers, including (i) with respect to Incremental Production, deducting fuel costs associated with such Incremental Production, calculated by subtracting (A) an amount equal to the applicable monthly Fuel Component multiplied by the applicable MDQ from (B) the total fuel expenditure in such month, (ii) the reasonable incremental operating costs actually incurred (which incremental operating costs shall be subject to verification by an independent third party engineer and audited by Seller and/or Buyer, if there is any disagreement with the verification),
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Examples of Net Incremental Revenues in a sentence

  • Except as provided in the preceding sentence, no negative Net Incremental Revenues for any Additional Product or type of Incremental Production will be aggregated with or offset against any positive Net Incremental Revenues for any other Additional Product or type of Incremental Production.

  • Subject to Section 5.4(d) (Treatment of Negative Net Incremental Revenues), for each Additional Product or type of Incremental Production, on a monthly basis, (i) all positive Net Incremental Revenues, if any, will be allocated equally between Seller and Buyer and (ii) all negative Net Incremental Revenues shall be allocated to Seller.

  • Seller shall provide the Trustee with information regarding the Net Incremental Revenues in accordance with the timing contemplated in Schedule 9.7 (Monthly Reconciliation Process).

  • If in any month Seller has determined that there is or will be a Debt Service Shortfall, the adjustments to the Base Contract Price contemplated in Section 5.4(a) (Reduction for Buyer's Share of Net Incremental Revenues on Net ▇▇▇ ▇▇▇▇▇▇▇▇) for such month shall be limited to the amount of Buyer's share of Net Incremental Revenues and Buyer's share of positive Net ▇▇▇ ▇▇▇▇▇▇▇▇ remaining after being applied by Seller to pay the Debt Service Shortfall.

  • Seller provides Trustee with calculation of Fuel Component, the Carbon Capture and Sequestration Component, Transportation and Marketing Component, and Net Incremental Revenues, as well as Adjustments for Payment of New Taxes and Adjustments for Changes in Governmental Requirements, if any.

  • Subject to Section 5.4(b) (Limitation on Adjustments) below, the Base Contract Price shall be adjusted monthly by the amount of Net Incremental Revenues and Net ▇▇▇ ▇▇▇▇▇▇▇▇ in each case allocable to Buyer in each such month.

  • All negative Net ▇▇▇ ▇▇▇▇▇▇▇▇ shall be allocated to Buyer and shall be applied to increase the Base Contract Price in accordance with Section 5.4(a) (Reduction for Buyer's Share of Net Incremental Revenues on Net ▇▇▇ ▇▇▇▇▇▇▇▇) but subject to the limitations set forth in Section 5.4(b) (Limitation on Adjustment).

  • For the avoidance of doubt, to the extent that any of the final terms and conditions contained in the DOE Financing deviate from the terms and conditions contemplated in the Conditional Commitment delivered pursuant to Section 8.1(e) (Initial Conditions Precedent), such deviation will not increase the Monthly Invoice Contract Price or impact the calculation of Net Incremental Revenues.

Related to Net Incremental Revenues

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Fixed Incremental Amount means (i) the greater of $610,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).