Payment Proportion definition

Payment Proportion means the value calculated in accordance with Paragraph 6 of Part B of this Schedule 2 in respect of WPD Dynamic Services and/or WPD Secure Services, and/or in Paragraph 2 of Part C of this Schedule 2 in respect of WPD Restore Services below;

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Payment Proportion means the proportion, which the export credit amount to finance our export contract(s), any Finnvera's guarantee premium and any related local costs bears to the export credit amount to finance the same items under the total Export Transaction.

Payment Proportion means the value calculated in accordance with S2.4.4.4 in respect of the Company's Dynamic Services and/or the Company's Secure Services, and/or in S2.5.6 in respect of the Company's Restore Services below;

Examples of Payment Proportion in a sentence

• In the event that Denbighshire Council fails to pay Denbighshire's Payment Proportion within the fifteen (15) Business Day period referred to above (the "Due Date") Denbighshire Council shall be liable to pay interest to Flintshire Council at the Default Interest Rate, calculated from the Due Date until (but excluding) the actual date of payment.

• In the event that Conwy Council fails to pay Conwy's Payment Proportion within the fifteen (15) Business Day period referred to above (the "Due Date") Conwy Council shall be liable to pay interest to Flintshire Council at the Default Interest Rate, calculated from the Due Date until (but excluding) the actual date of payment.

• Thus, the Payment Proportion is a value between 0 and 1 (or 0 and 100%).

• In the payment calculations, there is no difference between Generator Sites and Demand reduction Sites, since this value is the 'reported to grid' value 𝑃𝑃 is the Payment Proportion and works out what fraction of the full price is due to the Site(s) / CMZ Group for every Utilisation Settlement Period based on the Contracted Capacity and the actual delivery.

More Definitions of Payment Proportion

Payment Proportion means the value calculated in accordance with 2.4.4 in respect of the Company's Dynamic Services and/or the Company's Secure Services, and/or in 3.6 in respect of the Company's Restore Services below;

Payment Proportion means the proportion that the export credit amount to finance our export contract(s) (including any Finnvera guarantee premium relating to our export contract(s) and any related local costs) bears to the export credit amount to finance the total Export Transaction (including any Finnvera guarantee premium and any local costs).