Examples of RA Capacity in a sentence
The Parties agree that all invoices under this Agreement shall be paid in accordance with Section 8.2. Each Unit’s Monthly RA Capacity Payment shall be equal to the product of (i) the applicable Contract Price for that Monthly Delivery Period, (ii) the Payment Quantity for the Monthly Delivery Period, and (iii) 1,000.
Buyer shall make a Monthly RA Capacity Payment to Seller for each Unit by the later of (a) ten (10) Calendar Days after Buyer’s receipt of Seller’s invoice (which may be given upon the first day of the Showing Month) and (b) the twentieth (20th) of the Showing Month, or if the twentieth (20th) is not a Business Day the next following Business Day (“Monthly RA Capacity Payment”).
The Monthly RA Capacity Payment shall equal the product of (i) the applicable Contract Price for that Showing Month, (ii) the Expected Quantity for the Showing Month and (iii) 1,000, rounded to the nearest xxxxx (i.e., two decimal places); provided, however, that the Expected Quantity in clause (ii) of the Monthly RA Capacity Payment formula shall be reduced by the portion, if any, of Expected Quantity for the Showing Month that was not delivered in accordance with Section 2.1 for such Showing Month.
The final product of this Monthly RA Capacity Payment calculation shall be rounded to the nearest xxxxx (i.e., two decimal places).