Calculation of Settlement Amount. 14.5.1. If either Party exercises a termination right under Section 14 after the Commercial Operation Date, the non-defaulting Party shall calculate a settlement amount (“Settlement Amount”) equal to the amount of the non-defaulting Party’s aggregate Losses and Costs less any Gains, determined as of the Early Termination Date. Prior to the Commercial Operation Date, the Settlement Amount shall be Zero dollars ($0).
Appears in 8 contracts
Samples: Consent and Agreement, Consent and Agreement, Consent and Agreement
Calculation of Settlement Amount. 14.5.113.5.1. If either Party exercises a termination right under Section 14 13 after the Commercial Operation Date, the non-defaulting Party shall calculate a settlement amount (“Settlement Amount”) equal to the amount of the non-defaulting Party’s aggregate Losses and Costs less any Gains, determined as of the Early Termination Date. Prior to the Commercial Operation Date, the Settlement Amount shall be Zero dollars ($0).
Appears in 6 contracts
Samples: Consent and Agreement, Consent and Agreement, Consent and Agreement
Calculation of Settlement Amount. 14.5.1. 14.5.1 If either Party exercises a termination right under Section 14 after the Commercial Operation Date, the non-defaulting Party shall calculate a settlement amount (“Settlement Amount”) equal to the amount of the non-defaulting Party’s aggregate Losses and Costs less any Gains, determined as of the Early Termination Date. Prior to the Commercial Operation Date, the Settlement Amount shall be Zero dollars ($0).
Appears in 1 contract
Samples: Renewable Market Adjusting Tariff Power Purchase Agreement