Fuel Payment Sample Clauses

Fuel Payment. On and after the date on which Northwest executes the administrative functions outlined in Section 5.05(a) (ii) and (iii) above, Northwest will charge Pinnacle on a pre-pay basis the last week of each month for fuel to be boarded for the 1st -15th of the succeeding month. Pinnacle will pay for that fuel through a set-off of the amount due from the Section 5.02 wire transfer on the 15th of the month for which the prepay is occurring. Northwest will reimburse Pinnacle for this pre-pay amount through the Section 5.02 wire transfer on the 30th of the month. Likewise, Northwest will charge Pinnacle on a pre-pay basis the second week of the month for fuel to be boarded for the 16th-end of month. Pinnacle will pay for that fuel through a set-off of the Section 5.02 wire transfer on the 30th of the month for which the prepay is occurring. By the 15th of the following month, Northwest will reconcile the pre-paid fuel expense for the preceding month with the actual expense (at a price not to exceed the Fuel Price), and charge or credit Pinnacle with the difference, including reimbursement for the second half pre-pay. This reimbursement and month end adjustment for the preceding month will be handled via the Section 5.02 wire transfer occurring the 15th day of the following month through additional payment or set-off. The pre-pay will be based on using half of Pinnacle’s prior month actual boarded volume at the Fuel Price. Pinnacle shall have the right to audit on a semi-annual basis the determination of the number of gallons of aircraft fuel boarded and shall report any disputes to Northwest. Any dispute not reported to Northwest within thirty (30) days of the conclusion of such audit shall be deemed waived. Northwest’s fuel department shall have the right to audit on a monthly basis the determination of the number of gallons of aircraft fuel boarded and fuel price paid and shall report any disputes to Pinnacle. Any dispute not reported to Pinnacle within thirty (30) days of the conclusion of such audit shall be deemed waived.

Fuel Payment. Commencing on the Commercial Operation Date and for the remainder of the Delivery Period, for each month in arrears, the Department shall pay the Seller the Monthly Fuel Costs (negative Monthly Fuel Costs reflect a payment due from the Seller to the Department resulting from an excessive heat rate and Department-supplied fuel). In no event shall FOM or the Variable O&M Payment include the cost of any litigation or administrative actions, disputes or challenges with respect to the Facility or this Agreement other than the costs of obtaining and complying with permits for the Facility in the normal course of business which are not subject to any litigation or administrative actions, disputes or challenges.

Fuel Payment. Pinnacle shall have the right to audit on a semi-annual basis the determination of the number of gallons of aircraft fuel boarded and payment of all into-plane and fuel invoices in respect of the Aircraft and shall report any disputes to Delta. Any dispute not reported to Delta within thirty (30) days of the conclusion of such audit shall be deemed waived. Delta’s fuel department shall have the right to audit on a monthly basis the determination of the number of gallons of aircraft fuel boarded and fuel price paid and shall report any disputes to Pinnacle. Any dispute not reported to Pinnacle within thirty (30) days of the conclusion of such audit shall be deemed waived.

Fuel Payment. Amounts payable pursuant to the provisions of this Schedule shall constitute the amounts payable pursuant to clause (b) of the definition of Fuel Payment. Nothing herein shall affect Party B’s obligations to make the payment required by clause (a) of the definition of Fuel Payment. Party A will obtain and deliver quantities of Gas to the Designated Units as nominated by Party B on a day-ahead basis, and shall manage all intra-day nomination changes in accordance with the Gas local distribution company (“LDC”) nomination procedures, all as further set forth below.

Fuel Payment. Department shall pay Seller monthly in arrears, as set forth in Article V, for the cost of Fuel provided by Seller to the Facility, and used by the Facility to generate Energy sold to Department by Seller, pursuant to (i) any Fuel Supply Plan, or (ii) if the Parties have not agreed to and executed a Fuel Supply Plan for the then current Fuel Supply Period, on the Spot Market (such monthly payment, the "Fuel Payment"). Department shall be solely responsible, without reimbursement from Seller, for any costs or charges imposed on or associated with Fuel it provides the Facility pursuant to Sections 2.05(c) or 2.05(d); provided, however, that Department shall pay not more than two cents per decatherm for Fuel Manager’s services.

Fuel Payment. Amounts payable pursuant to the provisions of this Schedule shall constitute the amounts payable pursuant to clause (b) of the definition of Fuel Payment. Nothing herein shall affect Party B’s obligations to make the payment required by clause (a) of the definition of Fuel Payment.

Fuel Payment. For each calendar month during each Contract Year, Buyer shall pay Seller an amount (the “Fuel Payment”) equal to the Fuel Costs incurred by Seller for that month.

Fuel Payment. The Fuel Payment for a period “m” is calculated as follows: Fuel Paymentm = Σ [CEi × (AHRᵢ / (NCV × 1000)) × FP] Where: Fuel Paymentm is the Fuel Payment for period m CEi is the Contract Energy for each Hour in period m in kWh. AHRi is the guaranteed heat rate (in kCal/kWh) at the Facility’s actual load level for Hour I occurring within period m as determined by the guaranteed heat rate curve set out in Annex 1 to this Schedule 4. NCV is the net calorific value of HFO used at the Facility which shall be fixed at [9560] kCal/kg, for the purposes of calculating the Energy Payment and irrespective of the actual tested value of individual HFO deliveries to the Facility. FP is the weighted average price of Fuel used in period m determined as follows: FP = Σ (Quantityᵢ × Priceᵢ) / Σ Quantityᵢ Where: Quantityᵢ is the quantity of Fuel in delivery i (in MT) delivered to the Facility within the 60-day period prior to the start of period m Priceᵢ is the unit price of HFO in delivery i (in USD/MT), where necessary, adjusted to reflect an energy content of such HFO of [9560] kCal/kg. The summation is over all deliveries of Fuel made to the Plant within the 60-day period prior to the start of period m For the purposes of determining the Fuel Payment for any period, the Company shall maintain a rolling fuel inventory register (which shall be open to inspection by CEB at all reasonable times) tracking: (a) Quantities of Fuel delivered to the Facility; (b) Applicable unit price of the Fuel delivered; (c) The delivery date of each delivery of Fuel; and (d) The consumption drawdown from the stock of Fuel held within the Facility’s storage facilities. The Company shall, with each Invoice provide to CEB a copy of the latest fuel inventory register and such other information as CEB may reasonably require for the purposes of verifying the contents of the Company’s Invoice.

Fuel Payment. Mesaba will pre-pay for fuel for the 1st-15th of the month through a set-off of the amount due from the Section 1.01(b) wire transfer on the 1st of the month for which the prepay is occurring. Northwest will reimburse Mesaba for this pre-pay amount through the Section 1.01(b) wire transfer on the 1st of the month. Likewise, Mesaba will pre-pay for fuel for the 16th-end of the month through a set-off of the Section 1.01(b) wire transfer on the 16th of the month for which the prepay is occurring. Northwest will reimburse Mesaba for this pre-pay amount through the Section 1.01(b) wire transfer on the 16th of the month. By the 16th of the following month, Northwest will reconcile the pre-paid fuel expense for the preceding month with the actual expense (at a price, including into-plane fees and taxes, of $***/gallon, the “Fuel Price”), and charge or credit Mesaba with the difference. This month end adjustment for the preceding month will be handled via the Section 1.01(b) wire transfer occurring the 16th day of the following month through additional payment or set-off. The pre-pay will be based on using half of Mesaba’s prior month actual boarded volume at the Fuel Price. Mesaba shall have the right to audit on a semi-annual basis the determination of the number of gallons of aircraft fuel boarded and payment of all into-plane and fuel invoices in respect of the CRJ-200/440 Aircraft and shall report any disputes to Northwest. Any dispute not reported to Northwest within thirty (30) days of the conclusion of such audit shall be deemed waived.