Reservation Payment definition

Reservation Payment. Means any payment made to Applicant at the conclusion of each Capability Period based on an Aggregation’s Portfolio Quantity, its Incentive Rate, and its Average Season Performance Factor, which will be calculated, by Aggregation, at a dollar amount equal to the applicable Incentive Rate per kW per Capability Period multiplied by Applicant’s Portfolio Quantity multiplied by Applicant’s Average Season Performance Factor.

Reservation Payment has the meaning set forth in Section 5.1.

Reservation Payment means, for each Billing Period, the payment to be made by Purchaser to Seller for the Contract Capacity of a Dedicated Unit or for Replacement Capacity during such Billing Period, in accordance with Section 10.1.

Examples of Reservation Payment in a sentence

• If your reservation is declined, you will be notified and your Reservation Payment will be refunded.

• If we are held liable for any damages related to your reservation or this Agreement, your sole and exclusive remedy will be limited to reimbursement of the Reservation Payment paid to us.

• You understand that we will not hold your Reservation Payment separately or in an escrow or trust fund or pay any interest on your Reservation Payment.

• At the time you enter into the Purchase Agreement, you may, at your sole option, notify us that you would like to take your Reservation Payment and apply it to your deposit.

• You may make your Reservation Payment by the means described in the Payment Instructions.

• We will not hold your Reservation Payment separately or in an escrow or trust fund or pay any interest on Reservation Payments, except to the extent required by law.

• The Reservation Payment is fully refundable by us to you at any time (for example, if you choose to cancel or abandon your reservation, or if we decline to maintain you as a reservation holder).

• Until you enter into a Purchase Agreement, your Reservation may be cancelled at any time, in which case you will receive a full refund of your Reservation Payment.

• This Agreement is formed and becomes effective when we receive both your: (1) validly executed Agreement and (2) Reservation Payment in the amount and form stated in the Payment Instructions provided to you in connection with this Agreement.

• Your Reservation becomes effective when (1) you place your Reservation and (2) we receive your Reservation Payment.

More Definitions of Reservation Payment

Reservation Payment. For rentals of 1 week or less, a $500 deposit is due within 5 business days from the time the reservation is made. For rentals of 2 weeks or more, an additional $500 deposit is required. The remaining balance is due 8 weeks prior to the arrival date. For reservations made within 60 days of arrival, full payment is due within 5 days.

Reservation Payment. Individuals: X Room, Tax and Incidentals or routed to a master account, by direction of client.

Reservation Payment. Payment equal to the enrolled event dekatherm reduction multiplied by the corresponding Reservation Rate and adjusted by the then applicable Performance Factor for each month of the winter season.

Reservation Payment has the meaning given in Section 3.2(a) of this Agreement.

Reservation Payment means the Auction Clearing Price, multiplied by the Portfolio Quantity, multiplied by the Annual Performance Factor.

Reservation Payment means, for each Billing Period, the payment to be made by Purchaser to Seller for the Contract Capacity of a Dedicated Unit available to Purchaser or for Replacement Capacity during such Billing Period, in accordance with Section 10.1.