TSM Advance Payment definition

TSM Advance Payment means an advance payment calculated as 5% of One Month Metered Load, multiplied by 12, payable as a lump sum to the Participant 20 business days after LDC confirms the One Month Metered Load, available at LDC discretion. The total Participant Incentive payable upon completion of the Project is calculated as 50 % of the Eligible Costs for the Project up to a maximum of 55% of the Estimated Eligible Costs in the Application approved by the LDC. Any Demand Savings or Energy Savings attributed to other Measures that are recorded by the TSM Measure during the minimum 6 month monitoring period will be subtracted from the total Demand Savings or Energy Savings attributable to the TSM Measure.

Related to TSM Advance Payment

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Tranche A Advance has the meaning specified in Section 2.01(a).