Availability Payments Sample Clauses

The Availability Payments clause establishes a payment mechanism where compensation is provided based on the availability and performance of a service or asset, rather than usage or output. Typically used in infrastructure or service contracts, this clause ensures that the service provider receives regular payments as long as the agreed-upon standards of availability are met, such as a road being open to traffic or equipment being operational. Its core function is to incentivize consistent performance and maintenance, while allocating the risk of downtime to the service provider, thereby ensuring reliability for the contracting party.
Availability Payments. 4.4.1 Where availability is applicable to a Flexibility Service, payments are paid for every Accepted Availability Window in respect of the DER. Availability Payments are subject to a Monthly Utilisation Performance factor. 4.4.2 Availability is determined by: • for every metered time period, the Agreed Availability Capacity (MW) multiplied by the Availability Fee (£/MW/h). 4.4.3 Where a Provider declares Unavailability or was not available at time of delivery, then no Availability Payment will be made for that Metered Time Period. 4.4.4 Availability performance is calculated monthly and Availability Payments are reduced to match the capacity delivered should the delivered capacity be lower than the Agreed Availability Capacity. In order to determine the reduction, the Provider’s calculated Monthly Utilisation Performance Factor is applied to the Availability Payment. 4.4.5 The detailed Availability Payment calculations are described in the latest version of the Standardised DNO Settlement Methodology referenced in paragraph 4.2.2.
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Availability Payments. TxDOT may make availability payments to the Developer in consideration for the service TxDOT receives from the Developer. • This payment would likely be based upon the number of available lanes in the facility. • The availability payment would be subject to a performance specification determined by TxDOT. • Where the service provided by the Developer does not meet the performance criteria, TxDOT would be entitled to deduct a proportion of the availability payment with respect to that sub-standard performance. o Deductions for allowing the facility to be unavailable during peak hours would typically be higher than similar deductions for unavailability during off-peak hours. • TxDOT would retain the risk as to level of traffic using the facility under this alternative structure.
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Availability Payments. Where availability is applicable to a flexibility service, payments are paid for every Accepted Availability Window in respect of the contract DER groups. Availability Payments are subject to a Monthly Utilisation Performance Factor. Availability is determined by: • For every metered time period, the Agreed Availability Capacity (MW) multiplied by the Availability Fee. • Where a Service Provider declares unavailability, or was not available at time of delivery, then no Availability Payment will be made for that metered time period. Availability Performance is calculated monthly and availability payments are recovered should the delivered capacity be lower than the agreed delivery capacity. A performance factor is applied to the Availability Payment and consider the Flexibility Service Providers Monthly Utilisation Performance Factor. Availability Payments = Agreed Availability Hours x Agreed Availability Capacity x Monthly Utilisation Performance Factor x Agreed Availability Fee [Updated Post bid acceptance] Payments will be calculated within 30 days post submission of Utilisation Payment = Delivered Utilisation Hours x Delivered Capacity (including Grade factors) x Penalisation Multiplier x Utilisation Fee metering data by the Provider The Monthly Utilisation Performance Factor will be calculated based upon the service delivery when dispatched for utilisation. Under delivery of service will result in the availability payments for that service being proportionally reduced in line with section 5.5 Reduction in Charges.
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Availability Payments. 10.2.1 Timing and Basis for Availability Payments‌‌ 10.2.1.1 IFA shall pay Availability Payments to Developer as provided in this Section 10.2. The obligation of IFA to pay the Availability Payments to the Developer shall commence upon the Substantial Completion Date. a. The obligation of IFA to make Availability Payments following the Substantial Completion Date is based on, and is subject to, the O&M Limits being open and available for public travel as measured through Developer’s compliance with the PPA Documents. b. IFA has entered into the Use Agreement with the Department, pursuant to which the Department will agree to make payments to IFA for deposit with the Project Trustee in an amount equal to the Availability Payments and certain other amounts owed by IFA under this Agreement. The Availability Payments are limited obligations of IFA, payable solely from funds held for that purpose under the Project Trust Agreement. The obligation of the IFA to make Availability Payments does not constitute an indebtedness of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation. The obligation of IFA to make Availability Payments does not constitute a pledge of the faith, credit or taxing power of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation. The IFA has no taxing power. The Developer has no right to have taxes levied or to compel appropriations by the Indiana General Assembly for any payment of the Availability Payments. c. In the Use Agreement, the Department covenants that it will do all things lawfully within its power to obtain and maintain funds from which to meet its payment obligations to IFA under the Use Agreement, including, but not limited to, requesting an appropriation in an amount sufficient to meet its payment obligations to IFA under the Use Agreement in writing at a time sufficiently in advance of the date for payment thereof so that an appropriation may be made in the normal State budgetary process, using its bona fide best efforts to have such request approved, and exhausting all available reviews and appeals in the event such request is not approved. In addition, the IFA hereby covenants that it will do all things lawfully within its power to obtain and maintain funds from which to meet its Availability Payment obligations to the Developer under this Agreement, including, but not limited to ...
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Availability Payments. 3.1 ESB shall pay the Seller, in respect of each Trading Period during Commercial Operation, the Availability Payment in respect of the Contract Share of Availability in that Trading Period up to the Maximum Contracted Capacity. Availability Payments are calculated under schedule 3, subject to the terms of this Agreement. 3.2 ESB shall pay the Seller, in respect of each month or part of a month during Commercial Operation, the Energy Transport Pass Through Charge in respect of the Contract Share of the amount calculated by reference to the Maximum Contracted Capacity. Energy Transport Pass Through Charges are calculated under schedule 3, subject to the terms of this Agreement. 3.3 Payments under this clause 3 shall be made in accordance with clause 14 (Billing and payment).
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Related to Availability Payments

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation, or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • FUNDS AVAILABILITY POLICY Our policy is to make funds from your cash and check deposits available to you on the first (1st) business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once deposited funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the fifth (5th) business day after the day of your deposit. This rule does not apply at ATMs that we own or operate (proprietary ATMs). All ATMs that we own or operate are identified as our machines. Funds from any deposits (cash or checks) made at proprietary ATMs may not be available until the second (2nd) business day after the day of your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 6:00 p.m. Pacific Standard Time on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 6:00 p.m. Pacific Standard Time, or on a day we are not open, we will consider that the deposit was made on the next business day we are open. In some cases, we will not make all of the funds that you deposit by check available to you on the first (1st) business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth (5th) business day after the day of your deposit. However, the first $225 of your deposits will be available on the first (1st) business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first (1st) business day after the day of your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice or electronically deliver the notice, if you have agreed to receive notices from us in an electronic format, by the business day after we receive your deposit. If you will need the funds from a deposit immediately, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: 1. We believe a check you deposit will not be paid. 2. You deposit checks totaling more than $5,000 on any one day. 3. You redeposit a check that has been returned unpaid. 4. You have overdrawn your account repeatedly in the last six (6) months. 5. There is an emergency, such as failure of communications or computer equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh (7th) business day after the day of your deposit.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • Advance Payments The Employer agrees to issue advance payments of estimated net salary for vacation periods of two (2) or more complete weeks, providing a written request for such advance payment is received from the employee at least six (6) weeks prior to the last pay before the employee’s vacation period commences, and providing the employee has been authorized to proceed on vacation leave for the period concerned. Pay in advance of going on vacation shall be made prior to departure. Any overpayment in respect of such pay advances shall be an immediate first charge against any subsequent pay entitlement and shall be recovered in full prior to any further payment of salary.