Lump Sum Payment for Dispatchability Sample Clauses

Lump Sum Payment for Dispatchability. Commencing on the Commercial Operations Date, in exchange for the availability of the Facility's Net Energy Potential to respond, subject to the Renewable Resource Variability, to Company's dispatch in accordance with this Agreement, Company shall pay to Seller a monthly Lump Sum Payment as provided in Section 2 (Lump Sum Payment for Dispatchability) of Attachment J (Company Payments for Energy and Dispatchability) to this Agreement. As more fully set forth in Section 3 (Calculation of Lump Sum Payment) of said Attachment J, the monthly Lump Sum Payment shall be calculated and adjusted to reflect changes in the estimate of the Facility's Net Energy Potential as such estimate is revised from time to time as more fully set forth in Attachment U (Calculation and Adjustment of Net Energy Potential) to this Agreement. For purposes of calculating the monthly Lump Sum Payment to be made to Seller for making the Facility's Net Energy Potential available for Company Dispatch, the monthly Lump Payment shall be adjusted downward to account for inverter(s) that are not available for Company Dispatch because of a Force Majeure condition (i) at the Facility or (ii) that otherwise delays or prevents the Seller from making the inverter(s) in question available for Company Dispatch, as more fully set forth in Section 3.iv of Attachment J (Company Payments for Energy and Dispatchability) to this Agreement. Assurance of Capability of Facility to Deliver Net Energy Potential. Design, Operation and Maintenance to Achieve Availability Benchmark and GPR Benchmark. In order to provide Company with reasonable assurance that, subject to the Renewable Resource Variability, the Facility's Net Energy Potential will be available for Company Dispatch: (i) the Availability Benchmark shall be used to evaluate the availability of the Facility for dispatch by Company and (ii) the GPR Benchmark shall be used to evaluate the efficiency of the Facility. Seller shall design, operate and maintain the Facility in a manner consistent with the standard of care reasonably expected of an experienced owner/operator with the desire and financial resources necessary to design, operate and maintain the Facility to achieve the Availability Benchmark and the GPR Benchmark. The foregoing is without limitation to Seller's other obligations under this Agreement, including the obligation to operate the Facility in accordance with Good Engineering and Operating Practices.
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Lump Sum Payment for Dispatchability. Commencing on the Commercial Operations Date, in exchange for the availability of the Facility's Net Energy Potential to respond, subject to the Renewable Resource Variability, to Company's dispatch in accordance with this Agreement, Company shall pay to Seller a monthly Lump Sum Payment as provided in Section 2 (Lump Sum Payment for Dispatchability) of Attachment J (Company Payments for Energy and Dispatchability) to this Agreement. As more fully set forth in Section 3 (Calculation of Lump Sum Payment) of said Attachment J, the monthly Lump Sum Payment shall be calculated and adjusted to reflect changes in the estimate of the Facility's Net Energy Potential as such estimate is revised from time to time as more fully set forth in Attachment U (Calculation and Adjustment of Net Energy Potential) to this Agreement. For purposes of calculating the monthly Lump Sum Payment to be made to Seller for making the Facility's Net Energy Potential available for dispatch, the monthly Lump Payment shall be adjusted downward to account for [inverter(s)] that‌‌‌‌‌‌ are not available for dispatch because of a Force Majeure condition (i) at the Facility or (ii) that otherwise delays or prevents the Seller from making the [inverter(s)] in question available for dispatch, as more fully set forth in Section 3.iv of Attachment J (Company Payments for Energy and Dispatchability) to this Agreement.‌‌‌‌‌
Sample 1

Related to Lump Sum Payment for Dispatchability

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  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter.

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