Common use of Incentive Payment Clause in Contracts

Incentive Payment. Incentive payment, on account of Availability being more than the Target Availability shall be payable by the Long Term Transmission Customer(s), in line with Clause 1.2.2 of Schedule 5 of this Agreement and shall be paid on an annual basis. The annual incentive amount payable to the TSP shall be shared by the Long Term Transmission Customer(s) in the ratio of the Transmission Charges paid or actually payable to the TSP by them existing at the end of the relevant Contract Year.

Incentive Payment. Incentive payment, on account of Availability being more than the Target Availability shall be payable by the Long Term Transmission Customer(s)Customers, in line with Clause 1.2.2 1.2.10 of Schedule 5 of this Agreement and shall be paid on an annual a monthly basis. The annual monthly incentive amount payable to the TSP shall be shared by recovered from the Long Term Transmission Customer(s) in the ratio of the Transmission Charges paid or actually payable to the TSP by them existing at the end of the relevant Contract Year.