Fired Hours Payment Calculation Clause Samples

Fired Hours Payment Calculation. FH paymentm = FHCy x ∑ min (SFHh, DFHh) where, ∑ is from h=1 to n ; n = number of hours in month “m”; SFHh = numbers of Fired Hour(s) for the Unit based on Buyer’s Schedule in hour “h”; DFHh = number of Fired Hour(s) for the Units per Delivered Energy in hour “h”; FHCy = the FHC in Contract Year “y” corresponding to month “m” . If Buyer’s Schedule or Delivered Energy reflects a partial hour on-line time, SFHh and DFHh shall be accounted for as a percentage of that full hour, rounded to two decimal places. An example of the Fired Hours payment calculation is provided in Appendix XIX.
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Fired Hours Payment Calculation. FH paymentm = FHCy x ∑ Fired Hour where, ∑ is from h=1 to n ; n = number of hours in month “m”; Fired Hour = an hour in which a given Unit was generating at Minimum Load or higher from the time of Start-Up until the initiation of Shut-Down as required pursuant to Scheduled Operations. If Delivered Energy at or above Minimum Load pursuant Scheduled Operations reflects a partial hour on-line time, the Fired Hour shall be accounted for as a percentage of that full hour, rounded to two decimal places. FHCy = the FHC in Contract Year “y” corresponding to month An example of the Fired Hours payment calculation is provided in Appendix XIX.
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Related to Fired Hours Payment Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Payment Audit Records of costs incurred under terms of the Contract will be maintained in accordance with section 8.3 of these Special Contract Conditions. Records of costs incurred will include the Contractor’s general accounting records, together with supporting documents and records of the Contractor and all subcontractors performing work, and all other records of the Contractor and subcontractors considered necessary by the Department, the State of Florida’s Chief Financial Officer, or the Office of the Auditor General.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • SUBMISSION OF THE MONTHLY MI REPORT 4.1 The completed MI Report shall be completed electronically and returned to the Authority by uploading the electronic MI Report computer file to MISO in accordance with the instructions provided in MISO. 4.2 The Authority reserves the right (acting reasonably) to specify that the MI Report be submitted by the Supplier using an alternative communication to that specified in paragraph 4.1 above such as email. The Supplier agrees to comply with any such instructions provided they do not materially increase the burden on the Supplier.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.