Avoided Costs Sample Clauses

Avoided Costs. The Parties further agree that, in consideration for the foregoing, PG&E will further reduce the amounts to be paid by Modesto ID and Merced ID pursuant to Paragraph II.E above in accordance with PG&E’s Schedule E-Credit. PG&E shall compensate Modesto ID and Merced ID based on the estimated number of NMDL Customers as of February 1, 2009, as set forth in Appendix A hereto. These amounts shall be credited on a timeframe that is consistent with the Districts’ decisions regarding payments pursuant to Paragraph II.G (i.e., either lump sum or monthly).
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Avoided Costs. The wholesale electricity component of the currently applicable BEC rate schedule.
Sample 1
Avoided Costs. At any time that Independence desires to operate all or any portion of the Reserved Tolling Capability in order to effectuate a physical hedge against Independence's obligations associated with the Market Price and is unable to do so as a result of the exercise by Purchaser of any right under this Agreement, Independence shall pay Purchaser (a) an Avoided Variable O&M Services Payment calculated utilizing the methodology set forth in Section 4.05, and (b) an Avoided Variable Tolling Services Payment calculated utilizing the methodology set forth in Section 4.04, in each case based on the output and operations of the Reserved Tolling Capability that would have occurred but for the election of Purchaser not to cause such Reserved Tolling Capability to run. In particular, Independence shall determine the combustion turbine fired hours, the steam turbine fired hours and the Start-ups that would have been necessary to operate the desired portion of the Reserved Tolling Capability in order to effectuate a physical hedge against Independence's obligations associated with the Market Price, and such avoided combustion turbine fired hours, steam turbine fired hours and Start-ups shall be utilized to calculate the Avoided Variable O&M Services Payment and the Avoided Variable Tolling Services Payment.
Sample 1
Avoided Costs. The NH Electric Utilities requested and the NHPUC approved30 the use of a single avoided cost methodology for Generation, Transmission, and Distribution. In determining the Benefit- to-Cost ratio, the NH Electric Utilities used the avoided generation costs from the 2009 Avoided-Energy-Supply Costs in New England31. For the avoided Transmission and Distribution costs, we used the weighted average of all the NH Electric Utilities costs. Refer to Attachments B and C for additional information on avoided costs. Other assumptions used in determining the future and present values of benefits include inflation at 0.50%32 per annum and a nominal discount rate of 3.25%33. Threshold Conditions There are three threshold conditions that apply to the shareholder incentive calculation. Specifically,
Sample 1

Related to Avoided Costs

  • Increased Costs, Etc (a) If, due to either (i) the introduction of or any change in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central bank or other governmental authority (whether or not having the force of law) adopted or made after the date hereof, there shall be any increase in the cost to any Lender Party of agreeing to make or of making, funding or maintaining Eurodollar Rate Advances or of agreeing to issue or of issuing or maintaining or participating in Letters of Credit or of agreeing to make or of making or maintaining Letter of Credit Advances (excluding, for purposes of this Section 2.10, any such increased costs resulting from (y) Taxes or Other Taxes (as to which Section 2.12 shall govern) and (z) changes in the basis of taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under the laws of which such Lender Party is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower shall from time to time, within 10 days after demand by such Lender Party (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender Party additional amounts sufficient to compensate such Lender Party for such increased cost; provided, however, that, before making any such demand, such Lender Party agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would avoid the need for, or reduce the amount of, such increased cost that may thereafter accrue and would not, in the reasonable judgment of such Lender Party, be otherwise disadvantageous to such Lender Party. A certificate as to the amount of such increased cost, submitted to the Borrower by such Lender Party, shall be conclusive and binding for all purposes, absent manifest error.

  • Attorneys’ Fees and Cost of Collection In the event any suit, action or arbitration is filed by either party against the other to interpret or enforce any of the Transaction Documents, the unsuccessful party to such action agrees to pay to the prevailing party all costs and expenses, including attorneys’ fees incurred therein, including the same with respect to an appeal. The “prevailing party” shall be the party in whose favor a judgment is entered, regardless of whether judgment is entered on all claims asserted by such party and regardless of the amount of the judgment; or where, due to the assertion of counterclaims, judgments are entered in favor of and against both parties, then the arbitrator shall determine the “prevailing party” by taking into account the relative dollar amounts of the judgments or, if the judgments involve nonmonetary relief, the relative importance and value of such relief. Nothing herein shall restrict or impair an arbitrator’s or a court’s power to award fees and expenses for frivolous or bad faith pleading. If (i) the Note is placed in the hands of an attorney for collection or enforcement prior to commencing arbitration or legal proceedings, or is collected or enforced through any arbitration or legal proceeding, or Investor otherwise takes action to collect amounts due under the Note or to enforce the provisions of the Note, or (ii) there occurs any bankruptcy, reorganization, receivership of Company or other proceedings affecting Company’s creditors’ rights and involving a claim under the Note; then Company shall pay the costs incurred by Investor for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, without limitation, attorneys’ fees, expenses, deposition costs, and disbursements.

  • Increased cost claims (a) A Finance Party intending to make a claim pursuant to Clause 13.1 (Increased costs) shall notify the Facility Agent of the event giving rise to the claim, following which the Facility Agent shall promptly notify the Borrowers.

  • Mandatory Costs If any Lender or the L/C Issuer incurs any Mandatory Costs attributable to the Obligations, then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such Mandatory Costs. Such amount shall be expressed as a percentage rate per annum and shall be payable on the full amount of the applicable Obligations.

  • Excess Costs If the Permitted Costs exceeds the Finish Allowance, then Tenant shall pay all such excess costs (“Excess Costs”), provided, however, Landlord will, prior to the commencement of construction of Tenant’s Improvements, advise Tenant of the sum of the Contract Sum and the Construction Management Fee (the “Cost Estimate”). Tenant shall have five (5) business days from and after the receipt of such advice within which to approve or disapprove the Contract Sum and Cost Estimate. If Tenant fails to approve same by the expiration of the fifth such business day, then Tenant shall be deemed to have approved the Proposed Contract Sum and Cost Estimate. If Tenant disapproves the Contract Sum and Cost Estimate within such five (5) business day period, then Tenant shall either reduce the scope of Tenant’s Improvements such that the Contract Sum and Construction Management Fee do not exceed the Finish Allowance or, at Tenant’s option, Landlord shall obtain two (2) additional bids, provided that each day beyond such five (5) business day period and until the rebid is accepted by Tenant shall constitute a Tenant Delay hereunder. The foregoing process shall continue until a Contract Sum and Cost Estimate are accepted or deemed accepted by Tenant. Landlord and Tenant must approve (or be deemed to have approved) the Contract Sum for the construction of Tenant’s Improvements in writing prior to the commencement of construction.

  • Collection Costs In the event collection efforts are required to obtain payment on this Account, to the extent permitted by law, You agree to pay all court costs, private process server fees, investigation fees or other costs incurred in collection and reasonable attorneys' fees incurred in the course of collecting any amounts owed under this Agreement or in the recovery of any Collateral.

  • Increased Costs; Illegality (a) If any Change in Law shall:

Time is Money Join Law Insider Premium to draft better contracts faster.