Common use of Capacity Payment Clause in Contracts

Capacity Payment. 12.1.1 Beginning on the first day of the Operation Period, the Purchaser shall pay to the Seller each Month, in arrears on the thirtieth (30th) Business Day of each Month, an amount equal to the Capacity Payment in accordance with Clause 12.7. 12.1.2 Notwithstanding Clause 12.1.1 above, the Purchaser may withhold all such payments if any of the test results specified in Clause 10.2 have not been delivered pursuant thereto or if the Purchaser has notified the Seller that it contests the outcome of a test in accordance with Clause 10.4, pending resolution of the matter. 12.1.3 The amount of the Capacity Charge shall be as set forth in Annex G of Schedule 5 -. 12.1.4 If two step operation is agreed in the Minimum Functional Specifications in Schedule 1 -: (a) Capacity Charge declared, by the Seller, for Open Cycle Operation in Annex G of Schedule 5 - will be considered for calculation of the Capacity Payment during the period of Open Cycle operation. (b) Capacity Charge declared, by the Seller, for Combined Cycle Operation in Annex G of Schedule 5 - will be considered for calculation of the Capacity Payment during the Combined Cycle Operation. If Combined Cycle Operation is declared by the Seller on a date which is not the first date of the Month Capacity Charge applicable for Open Cycle Operation will apply from the first day of that month until the day Combined Cycle Operation is declared and Capacity Charge applicable for Combined Cycle Operation from the date of declaring Combined Cycle Operation until the last day of that month.

Capacity Payment. 12.1.1 Beginning on the first day of the Operation Period, the Purchaser shall pay to the Seller each Month, in arrears on the thirtieth (30th) Business 30th)Business Day of each Month, an amount equal to the Capacity Payment in accordance with Clause 12.712.6. 12.1.2 Notwithstanding Clause 12.1.1 above, the Purchaser may withhold all such payments if any of the test results specified in Clause 10.2 have not been delivered pursuant thereto or if the Purchaser has notified the Seller that it contests the outcome of a test in accordance with Clause 10.4, pending resolution of the matter. 12.1.3 The amount of the Capacity Charge shall be as set forth in Annex G of Schedule 5 -5. 12.1.4 If two step operation is agreed in the Minimum Functional Specifications in Schedule 1 -1: (ai) Capacity Charge declared, by the Seller, for Open Cycle Operation in Annex G of Schedule 5 - 5- will be considered for calculation of the Capacity Payment during the period of Open Cycle operation. (bii) Capacity Charge declared, by the Seller, for Combined Cycle Operation in Annex G of Schedule 5 - 5- will be considered for calculation of the Capacity Payment during the Combined Cycle Operation. If Combined Cycle Operation is declared by the Seller on a date which is not the first date of the Month Capacity Charge applicable for Open Cycle Operation will apply from the first day of that month until the day Combined Cycle Operation is declared and Capacity Charge applicable for Combined Cycle Operation from the date of declaring Combined Cycle Operation until the last day of that month.

Capacity Payment. 12.1.1 Beginning on the first day of the Operation Period, the Purchaser shall pay to the Seller each Month, in arrears on the thirtieth (30th) Business 30th)Business Day of each Month, an amount equal to the Capacity Payment in accordance with Clause 12.7. 12.1.2 Notwithstanding Clause 12.1.1 above, the Purchaser may withhold all such payments if any of the test results specified in Clause 10.2 have not been delivered pursuant thereto or if the Purchaser has notified the Seller that it contests the outcome of a test in accordance with Clause 10.4, pending resolution of the matter. 12.1.3 The amount of the Capacity Charge shall be as set forth in Annex G of Schedule 5 -5. 12.1.4 If two step operation is agreed in the Minimum Functional Specifications in Schedule 1 -1: (ai) Capacity Charge declared, by the Seller, for Open Cycle Operation in Annex G of Schedule 5 - 5- will be considered for calculation of the Capacity Payment during the period of Open Cycle operation. (bii) Capacity Charge declared, by the Seller, for Combined Cycle Operation in Annex G of Schedule 5 - 5- will be considered for calculation of the Capacity Payment during the Combined Cycle Operation. If Combined Cycle Operation is declared by the Seller on a date which is not the first date of the Month Capacity Charge applicable for Open Cycle Operation will apply from the first day of that month until the day Combined Cycle Operation is declared and Capacity Charge applicable for Combined Cycle Operation from the date of declaring Combined Cycle Operation until the last day of that month.