Solar Energy Payment Rate definition

Solar Energy Payment Rate means $ /MWh
Sample 1
Solar Energy Payment Rate means the rate paid for Solar Energy by EPE to Seller as specified in Exhibit F to this Agreement.
Sample 1Sample 2
Solar Energy Payment Rate means the rate as shown in Exhibit M – Committed Solar Energy and Solar Energy Payment Rate.
Sample 1

Examples of Solar Energy Payment Rate in a sentence

  • If Seller decides not to terminate this Agreement, Seller may seek to renegotiate this Agreement only if the market price for Solar Energy is more than 125 percent of the Solar Energy Payment Rate.

  • If Seller obtains Test Period Transmission Service, Buyers shall accept delivery of Test Energy, provided that the Facility is installed and interconnected in accordance with the Interconnection Agreement, and Buyers shall purchase such Test Energy delivered to the Point of Interconnection and beyond in accordance with Test Period Transmission Service at the Solar Energy Payment Rate.

  • The Party giving such notice shall provide a proposed value for a revised Solar Energy Payment Rate.

  • If Seller obtains Test Period Transmission Service, Buyers shall accept delivery of Test Energy, provided that the‌ Facility is installed and interconnected in accordance with the Interconnection Agreement, and Buyers shall purchase such Test Energy delivered to the Point of Interconnection and beyond in accordance with Test Period Transmission Service at the Solar Energy Payment Rate.

  • Subject to Section 4.2, each Buyer shall pay Seller for Test Energy generated prior to the Commercial Operation Date by making a monthly payment due and payable in each Monthly Billing Period in accordance with the invoicing procedures set forth in Section 9.1, equal to the product of the LG&E Percentage or the KU Percentage (as applicable) of: (a) the Solar Energy Payment Rate; and (b) the amount of Test Energy (MWh) delivered during that Month.

  • For the avoidance of doubt, the Solar Energy Payment Rate shall apply only to energy generated and delivered from the Facility’s Solar Units, and shall exclude any Natural Gas Generated Energy.

  • If both Parties agree to an Additional Term, the Additional Term shall begin immediately upon the conclusion of the Initial Term on the same terms and conditions as set forth in this PPA and at the Solar Energy Payment Rate negotiated and agreed to by Seller and Ephrata.

  • From and after the Commercial Operation Date, for all Solar Energy and associated RECs generated and delivered by Seller to Company at the Point of Delivery in any Commercial Operation Year not in excess of 115% of the Committed Solar Energy for such Commercial Operation Year, Company shall pay Seller the applicable Solar Energy Payment Rate shown in Exhibit M – Committed Solar Energy and Solar Energy Payment Rate.

  • In the event that Seller fails to deliver the Guaranteed Output to the Delivery Point over a Guaranteed Period, Seller shall pay positive damages to Borough in an amount equal to the incremental cost in excess of the Solar Energy Payment Rate that Borough reasonably incurred to purchase replacement power in the amount of the shortfall below the Guaranteed Output, plus any fees and costs incurred by the Borough in securing replacement power.

  • Notwithstanding the foregoing, if the Parties are unable to agree on the Solar Energy Payment Rate, then this PPA shall terminate at the end of the Initial Term (if the same has not been extended).


More Definitions of Solar Energy Payment Rate

Solar Energy Payment Rate means $XX.XX per MWh to be paid by Borough to Seller for Solar Energy delivered by Seller to Borough.
Sample 1

Related to Solar Energy Payment Rate

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Payment Rate means the rate of compensation at which the Insured is indemnified, as determined by AFSC.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Expense Adjusted Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the sum of the (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate.

  • Assessment Rate means, for any day, the annual assessment rate in effect on such day that is payable by a member of the Bank Insurance Fund classified as "well-capitalized" and within supervisory subgroup "B" (or a comparable successor risk classification) within the meaning of 12 C.F.R. Part 327 (or any successor provision) to the Federal Deposit Insurance Corporation for insurance by such Corporation of time deposits made in dollars at the offices of such member in the United States; provided that if, as a result of any change in any law, rule or regulation, it is no longer possible to determine the Assessment Rate as aforesaid, then the Assessment Rate shall be such annual rate as shall be determined by the Administrative Agent to be representative of the cost of such insurance to the Lenders.

  • C/D Assessment Rate for any day as applied to any Base Rate Loan, the annual assessment rate in effect on such day which is payable by a member of the Bank Insurance Fund maintained by the Federal Deposit Insurance Corporation (the "FDIC") classified as well-capitalized and within supervisory subgroup "B" (or a comparable successor assessment risk classification) within the meaning of 12 C.F.R. ss. 327.4 (or any successor provision) to the FDIC (or any successor) for the FDIC's (or such successor's) insuring time deposits at offices of such institution in the United States.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Settlement Rate has the meaning specified in Section 5.1.

  • Reimbursement Rate shall have the meaning assigned to such term or the term “Advance Rate” or an analogous term in the Servicing Agreement.

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Late Payment Rate As defined in the Insurance Agreement.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Current Rate means the applicable basic minimum wage rate for Local Workers by reason of any National or State Statute or Ordinance, prevailing on any date subsequent to the date 28 days prior to the latest date set for submission of Tenders.

  • Replacement Rate has the meaning assigned thereto in Section 4.2.(b).

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Assumed Reinvestment Rate one-twelfth (1/12) of the yield rate, as of the date 5 Business Days before the Prepayment Date, on the Treasury Security, as reported in The Wall Street Journal, expressed as a decimal calculated to five digits. In the event that no yield is published on the applicable date for the Treasury Security, Lender, in its discretion, shall select the non-callable Treasury Security maturing in the same year as the Treasury Security with the lowest yield published in The Wall Street Journal as of the applicable date. If the publication of such yield rates in The Wall Street Journal is discontinued for any reason, Lender shall select a security with a comparable rate and term to the Treasury Security. The selection of an alternate security pursuant to this Section shall be made in Xxxxxx’s discretion.

  • Annual Revenue Rate means the rate employed to assess a compliance penalty charge on a Curtailment Service Provider under Tariff, Attachment DD, section 11.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Adjusted Mortgage Rate As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the Master Servicing Fee Rate.