Examples of Transmission Service Payments in a sentence
Pursuant to Section 13.2, to the extent there is a Dispute over whether or not or to what extent a Non-Excused Outage has occurred, the reduction in the Transmission Service Payments shall be implemented upon the resolution of that Dispute and such reduction will be effective as of the date when such Dispute arose.
The Parties acknowledge and agree that, except as set forth in Section 3.3.8, Section 8.1, Section 13.5 and Section 14.4(d), no cause or event whatsoever shall excuse or suspend Distribution Company’s obligation to pay Transmission Service Payments or any other amounts payable by Distribution Company under this Agreement.
Within seven (7) Business Days after the first day of each calendar month following the commencement of the Operation Phase, Owner shall submit an Invoice to Distribution Company for the Transmission Service Payments owed for the preceding calendar month, and Distribution Company shall pay the amounts set forth in the Invoice to Owner within fourteen (14) Business Days following its receipt of such Invoice.
For purposes of calculating the Transmission Service Payments under the Formula Rate, (a) the depreciable life of any depreciable asset comprising part of the Northern Pass Transmission Line as of the Commercial Operation Date shall be equal to forty (40) years, and (b) the depreciable life of a capital addition that is placed-in-service after the Commercial Operation Date shall be equal to the lesser of (i) its economic life and (ii) the remaining Term as of the placed-in-service date.
The Parties acknowledge and agree that, except as set forth in Section 8.1, Section 13.5 and Section 14.6(d), no cause or event whatsoever shall excuse or suspend Purchaser’s obligation to pay Transmission Service Payments or any other amounts payable by Purchaser under this Agreement.
Within seven (7) Business Days after the first day of each calendar month following the commencement of the Purchaser Term, Owner shall submit an Invoice to Purchaser for the Transmission Service Payments owed for the preceding calendar month, and Purchaser shall pay the amounts set forth in the Invoice to Owner within fourteen (14) Business Days following its receipt of such Invoice.
The foregoing statement shall detail all components of the amounts included in the Formula Rate and all calculations used to determine the final Transmission Service Payments thereunder (based upon costs actually incurred).
For the avoidance of doubt, pending resolution of any such Dispute, Purchaser’s right, pursuant to this Section 7.4.1, to any reduction in the Transmission Service Payments shall be suspended.
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For the avoidance of doubt, pending resolution of any such Dispute, Purchaser's right, pursuant to this Section 7.4.1, to any reduction in the Transmission Service Payments shall be suspended.