Participation Payments definition

Participation Payments means a payment by UKPN in consideration of the Provider making the DER Unit available for participation in Wave 1, as calculated under Part 2a of Schedule 2 (Payments);
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Participation Payments means the sum of the Tier 1 Participation Payments and the Tier 2 Participation Payments.
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Participation Payments has the meaning set forth in Section 2.5(c).
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Examples of Participation Payments in a sentence

  • The Participation Payments shall be used solely to perform the HRP Initiative.

  • Upon any termination of this Agreement, any portion of the Participation Payments made by a Participant which has not been spent in performance of the HRP Initiative, after deducting amounts committed for non-cancelable commitments, shall be promptly refunded by BGM to Participant.

  • For the avoidance of doubt, the Purchasers shall not be required to refund any Revenue Participation Payments.

  • Purchaser shall retain such records with respect to the Participation Payments for at least seven (7) years from each such payment.

  • Any disputes with respect to the calculation of any payment amounts in this Section 2.5 shall be resolved by means of the process set forth in this Section 2.5. For the avoidance of doubt, hypothetical examples of the calculation of Participation Payments are set forth in Exhibit C hereof.

  • Before a DER can participate in the Optional Technical Trials (which Participation Payments are linked to, see below) it must first complete a period of Mandatory Technical Trials (for which no payments are to be made to DER).

  • Reactive Service payments for DER will include: Participation Payments (linked to overall availability in Wave 1 of the trials), and Market Revenues (from payments for availability and utilisation during Waves 2 and 3).

  • Participation Payments will be made in line with the monthly settlement process where the cumulative number of hours a DER was available for will be calculated and settled for accordingly, in line with Table 2 below.

  • Seller shall have the right, twice annually, through its accredited auditors, to make an examination, during normal business hours, of all records and accounts bearing upon the amount of Participation Payments payable to it under this Agreement.

  • Any Revenue Participation Payments or other payments due as a result of any material produced during the term of this Agreement shall continue to be due and payable regardless of the termination or non- renewal of this Agreement.


More Definitions of Participation Payments

Participation Payments means, collectively, Profit Participation and the Fixed Profit Payments.
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Participation Payments has the meaning given to that term in clause 8.1
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Participation Payments means with respect to each of the fiscal years of LaBa▇▇▇ ▇▇▇ing in June, 1999 through 2003 the amount (if any) which the product of (i) 35% of the net income of Acquisition Sub for such year (calculated as provided on Schedule I hereto) as determined by the independent accountants then auditing LaBa▇▇▇'▇ ▇▇▇ancial statements times (ii) a fraction, the numerator of which is the aggregate principal amount of Convertible Notes outstanding at the end of such fiscal year, and the denominator of which is $5.8 million (the "Fraction") exceeds the product of $435,000 times the Fraction.
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Participation Payments means the
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