Remaining Contract Value means the summation of the undelivered Contract Quantity(ies) hereunder multiplied by the applicable Contract Price for such Contract Quantity(ies) multiplied by the days in the applicable Planning Year, as estimated by Xxxxx. For the avoidance of doubt, if Seller delivers Product for any applicable Planning Year, then the Contract Quantity(ies) applicable to such Product will not be included in the calculation of the Remaining Contract Value.
Remaining Contract Value means the summation of the undelivered Product Quantity(ies) for the outstanding Transactions hereunder multiplied by the applicable Purchase Price for such Product Quantity(ies), as estimated by Xxxxx. For the avoidance of doubt, if Seller has Delivered Products to Buyer, but Buyer has not made payment for all of such Products as set forth in the payment provisions of this REC Contract, such Delivered Products shall not be included in the calculation of the Remaining Contract Value. BBB- or above Baa3 or above BBB- or above $2,500,000 Below BBB- Below Baa3 Below BBB- $0 For purposes of this REC Contract, “Credit Rating” means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (excluding, however, any debt obligations that are supported by specific third party credit enhancement that would not apply to payment obligations under this Agreement) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer default rating by Fitch, or the issuer rating by Moody’s, or the corporate issuer rating or corporate credit rating by S&P if such entity is a U.S. utility operating company with an investment grade rating, or the corporate issuer rating or corporate credit rating, discounted one notch, by S&P if such entity is not a U.S. utility operating company with an investment grade rating; provided, however, that (a) in the event Seller (or Seller’s Guarantor, if applicable) is rated by all three rating agencies, then the lower of the two highest ratings will be used and (b) in the event the two highest ratings are common, such common rating will be used.
Remaining Contract Value means the summation of the undelivered Product Quantity(ies) for the outstanding Transactions hereunder multiplied by the applicable Purchase Price for such Product Quantity(ies), as estimated by Buyer. For the avoidance of doubt, if Seller has Delivered Products to Buyer, but Buyer has not made payment for all of such Products as set forth in the payment provisions of this REC Contract, such Delivered Products shall not be included in the calculation of the Remaining Contract Value. In the event that Seller fails to deliver the requisite number of RECs by a Delivery Date as required under this REC Contract and Buyer elects to accept delivery of the late-delivered RECs in lieu of termination and so notifies the Seller, the percentage used in calculating Seller’s Performance Assurance shall be increased from 10% of the Remaining Contract Value in accordance with the following schedule: (i) to 25% of the Remaining Contract Value for the first late delivery; (ii) to 50% of the Remaining Contract Value for the second late delivery; and
Examples of Remaining Contract Value in a sentence
In addition, the Proposer shall be required to award not less than 50% of the Remaining Contract Value - that is the value left after subtracting the value of the self-performed work by the Proposer on this project - to small business contractors and to minority & women owned set-aside contractors, certified by the Department of Administrative Services.
If at any xxxx Xxxxxx’x (or Seller’s Guarantor’s, if applicable) Collateral Threshold (as determined in accordance with Table A) is lower than 10% of the Remaining Contract Value, then Buyer may require assurance of Seller’s ability to perform any obligation hereunder.
Liquidated Damages: $300.00/day Insurance RequirementsGC must do at least 30% of the work with its own forces The General Contractor on this project shall be required to award not less than 50 % of the Remaining Contract Value – that is the value left after subtracting the value of self-performed work by the GC – to subcontractors who are certified and eligible to participate under The State of Connecticut Set-Aside Program for small contractors – this includes SBE, MBE, and WBE contractors.
Schedule 6.9(a)(i) sets forth with respect to each Customer Contract, Sellers' good faith reasonable estimate of such Customer Contract's Pro-Forma Remaining Contract Value and Annual Contract Value.
The amount of such Seller’s Performance Assurance shall be equal to the positive difference, if any, between 10% of the Remaining Contract Value and the Seller’s Collateral Threshold, rounded up to the nearest $10,000, as estimated by Buyer.
More Definitions of Remaining Contract Value
Remaining Contract Value means the summation of the undelivered Contract Quantity(ies) hereunder multiplied by the applicable Contract Price for such Contract Quantity(ies), as estimated by Buyer. For the avoidance of doubt, if Seller delivers PRCs for any applicable Planning Year, then the Contract Quantity(ies) applicable to such PRCs will not be included in the calculation of the Remaining Contract Value.
Remaining Contract Value means the summation of the undelivered Product Quantity(ies) for the outstanding Transactions hereunder multiplied by the applicable Purchase Price for such Product Quantity(ies), as estimated by Buyer. For the avoidance of doubt, if Seller has Delivered Products to Buyer, but Buyer has not made payment for all of such Products as set forth in the payment provisions of this REC Contract, such Delivered Products shall not be included in the calculation of the Remaining Contract Value.Collateral Threshold, with respect to Seller (or Seller’s Guarantor, if applicable), will be determined in accordance with Table A below. In the event that Seller fails to deliver the requisite number of RECs by a Delivery Date as required under this REC Contract and Buyer elects to accept delivery of the late-delivered RECs in lieu of termination and so notifies the Seller, the percentage used in calculating Seller’s Performance Assurance shall be increased from 10% of the Remaining Contract Value in accordance with the following schedule: (i) to 25% of the Remaining Contract Value for the first late delivery; (ii) to 50% of the Remaining Contract Value for the second late delivery; and (iii) to 100% of the Remaining Contract Value for the third late delivery. TABLE A Credit Rating Collateral Threshold BBB‐ or above Baa3 or above BBB‐ or above $2,500,000 Below BBB‐ Below Baa3 Below BBB‐ $0 For purposes of this REC Contract, “Credit Rating” means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (excluding, however, any debt obligations that are supported by specific third party credit enhancement that would not apply to payment obligations under this Agreement) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer default rating by Fitch, or the issuer rating by Moody’s, or the corporate issuer rating or corporate credit rating by S&P if such entity is a U.S. utility operating company with an investment grade rating, or the corporate issuer rating or corporate credit rating, discounted one notch, by S&P if such entity is not a U.S. utility operating company with an investment grade rating; provided, however, that (a) in the event Seller (or Seller’s Guarantor, if applicable) is rated by all three rating agencies, then the lower of the two highest ratings will be used and (b) in the event the two highest ratings are common, such...
Remaining Contract Value means for any point of time under this Agreement the aggregate of:
Remaining Contract Value means the aggregate amount of the unpaid Base Salary and bonus for the remainder of the term of the Employment Period following the date of the Executive’s termination of employment (that is, the unpaid balance of Base Salary and bonus), treating for this purpose the amount of bonus for any remaining year(s) of the Employment Period as being equal to the Average Annual Bonus as determined at the time of the Executive’s termination of employment. Further, except as otherwise set forth in Section 5.09 below or herein, the provisions of this Section 5.03, including the rights and obligations of the Executive stated herein, apply if (A) the Qualifying Termination occurs on or within two (2) years following a Change in Control or (B) on or within two (2) years following a Change in Control of the Company or following the Company’s shares ceasing to be publicly traded, the Executive terminates his employment because of the failure of the Executive to be both a member of the board of directors and chief executive officer of the successor or acquiring entity (including the ultimate parent of such entity); provided, however, that the Base Salary and bonus payments provided for in clause (ii) of the first sentence in this Section 5.03 shall be equal to two times the Executive’s Base Salary and Average Annual Bonus and shall not be determined by reference to the Remaining Contract Value. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder, except that duplicative severance benefits shall not be payable under any other plan or program. Amounts described in clause (ii) above will be paid, subject to Section 13.14 below (including, but not limited to, any delay in payment due to application of the Delay Period), in twelve (12) equal monthly installments, the first two (2) of which shall be paid on the date that is two (2) months following the Date of Termination and the next ten (10) of which will be paid in ten (10) equal monthly installments commencing on the date that is three (3) months following the Date of Termination and continuing on each of the next nine (9) monthly anniversaries of the Date of Termination. In addition, the Executive shall be reimbursed for all Reimbursable Expenses incurred by the Executive prior to such termination in accordance with Section 4.04 and Section 13.14 herein.
Remaining Contract Value means the dollar value represented on Exhibit F for the corresponding Operating Year.
Remaining Contract Value means the summation of the undelivered
Remaining Contract Value means with respect to a Contract, the total of all fees for products or services of Media contracted to be paid by a Customer under such Contract during the period starting on October 1, 2012 through and including the currently stated expiration date of such Contract, as determined based on the financial system data reports of the Business.