Commissioning Payment Sample Clauses

Commissioning Payment. (a) The Business must meet the following requirements before the Agency will pay the Commissioning Payment:
Sample 1Sample 2
AutoNDA by SimpleDocs
Commissioning Payment. Each Partner shall make a Commissioning Payment (CPt) in respect of each Payment Period (t) falling wholly or partly within the Commissioning Period on the tenth (10th) Business Day of the following Payment Period in question. The Commissioning Payment (CPt) will be based on the projected tonnage of Contract Waste forecast to be delivered by that Partner in the Payment Period before the Services Commencement Date, calculated in accordance with paragraph [3] in Part A "Commissioning Payments" of the Project Agreement Payment Mechanism. Each Partner’s Commissioning Payment for each Payment Period shall be calculated using the following formula: CP = (CGF x COMIND x FCCWt) t y y Where: CPt = the Commissioning Payment payable by the Partner for the relevant Payment Period 't' during the Commissioning Period CGFy = the Commissioning Gate Fee per tonne for Contract Year ‘y’ calculated in accordance with the Project Agreement Payment Mechanism COMINDx = Full Indexation for the relevant Contract Year as calculated in accordance with the Project Agreement Payment Mechanism FCCWt = the Partner's forecast Commissioning Contract Waste tonnage for the Payment Period ‘t’
Sample 1
Commissioning Payment. Upon the close of debt financing for the construction of a geothermal power project which utilizes geothermal resources produced from the Truckhaven Resource Area and the LADWP PPA or an Alternate PPA (as defined in paragraph 5b below), LEA shall be entitled to receive from the proceeds of the construction financing a lump sum payment equ al to $7000.00 per MW of the design capacity or nameplate rating of the power plant to be constructed within the Truckhaven Resource Area, and an additional $7000.00 per i Mw of installed capacity if and when construction of the geothermal power project is1 completed and passes all commissioning tests required under the LADWP PPA, or similar tests under any power purchase agreement entered into between an Alternate Power Purchaser and IAE (the "Alternate PPA"). The contingent payments due LEA under this subparagraph 5(a) are hereafter collectively referred to as the "Commissioning /Payment."
Sample 1

Related to Commissioning Payment

  • Commissioning Commissioning tests of the Interconnection Customer's installed equipment shall be performed pursuant to applicable codes and standards. If the Interconnection Customer is not proceeding under Section 2.3.2, the Utility must be given at least ten (10) Business Days written notice, or as otherwise mutually agreed to by the Parties, of the tests and may be present to witness the commissioning tests.

  • Closing Payment At the Closing, Buyer will pay or cause to be paid to Seller the Closing Payment Amount, by wire transfer of immediately available funds or by such other means as may be agreed upon by Seller and Buyer.

  • Interim Payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in Xxxxx X; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Post-Closing Payment Payment to Shareholder of his portion of the Post-Closing Payment shall be made in the same manner as payments under the Additional Short-Term Note.

  • Expense Allowance The Company shall reimburse the Executive for all reasonable and necessary expenses incurred by him from time to time in the performance of his duties hereunder, against receipts therefor in accordance with the then effective policies and requirements of the Company.

  • Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Fifty-One Thousand, Four Hundred Fifty-Six Dollars and Twenty-Three Cents ($51,456.23). NOTE: Allowances will be on a Not-To-Exceed basis. All unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4

  • Rent Payment Tenant shall pay the Base Rent for the Premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the Premises. Additional rent means amounts determined under Section 19 of this Lease and any other sums payable by Tenant to Landlord under this Lease. Rent not paid when due shall bear interest at the rate of one-and-one-half percent per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord’s rights hereunder.

  • Business Expenses and Final Compensation You acknowledge that you have been reimbursed by the Company for all business expenses incurred in conjunction with the performance of your employment and that no other reimbursements are owed to you. You further acknowledge that you have received payment in full for all services rendered in conjunction with your employment by the Company, including payment for all wages, bonuses and accrued, unused vacation time, and that no other compensation is owed to you except as provided herein.

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