Purchaser Percentage definition
Examples of Purchaser Percentage in a sentence
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On the date three (3) months following the First Payment Date, and on each three (3) month anniversary thereafter, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage, multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period of three (3) months beginning immediately on the day after the previous calculation.
On the First Payment Date, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage, multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period beginning on the Sharing Start Date and ending on the last day of the month before the First Payment Date.
Purchaser shall take title to Purchaser’s Percentage of the electric energy and associated NEB Credits generated by the System at the Delivery Point, and risk of loss will pass from Seller to Purchaser at the Delivery Point, in proportion with the Purchaser Percentage.
Any partial Transfer of an interest in an Equipment Loan Note, a Receivables Note, a Commitment or any Purchaser Percentage by a Committed Purchaser shall be in respect of at least $5,000,000 in the aggregate, which may be composed of (A) Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, or (B) to the extent in excess of the Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, subject to such Transfer, Commitment hereunder.