Common use of Infrastructure Fee Clause in Contracts

Infrastructure Fee. The Infrastructure Fee (IF) for any Month (m) in a Calendar Year (y) during the Term shall be calculated using the following formula: IFm,y = ∑(MIFm,y ) Where, in respect of each Project Site (x): MIFm,y = the Maximum Infrastructure Fee for Month (m) in Calendar Year (y) in respect of each Project Site which shall have achieved CNG Readiness calculated as: ⎜ ⎟ ⎜ d ⎟ × MIF ⎝ where: (A) dm,y = the number of days in Month (m) in Calendar Year (y) from the start of Month (m) (or the date on which CNG Readiness in respect of such Project Site occurs, if later than the first day of such Month (m)) to the end of Month (m) (or the Termination Date if earlier); (B) dy = the number of days in Calendar Year (y) from the start of Calendar Year (y) (or the date on which CNG Readiness in respect of such Project Site occurs, if later than the first day of such Calendar Year (y)) to the end of Calendar Year (y) (or the Termination Date, if earlier); and (C) MIFy = the Maximum Infrastructure Fee for any Calendar Year