Common use of Economic Development Performance Credits and Deductions Clause in Contracts

Economic Development Performance Credits and Deductions. 8.1.1 The following formulae will be applied to determine the Economic Development Performance Credits ("EDPC") that the Buyer may award the Seller, or Economic Development Performance Deductions ("EDPD") that the Buyer may levy on the Seller depending on the performance of the Seller and its Contractors in exceeding, meeting, or failing to meet the Economic Development Obligations as specified in Annex 2 - Annex 8: ℎ = × ∑ ×

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Economic Development Performance Credits and Deductions. 8.1.1 The following formulae will be applied to determine the Economic Development Performance Credits ("EDPC") that the Buyer may award the Seller, or Economic Development Performance Deductions ("EDPD") that the Buyer may levy on the Seller depending on the performance of the Seller and its Contractors in exceeding, meeting, or failing to meet the Economic Development Obligations as specified in Annex 2 - Annex 8: ℎ = × ∑ ×× =1 15 ℎ = × ∑ × =1 where

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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