Monthly Fixed Payment Sample Clauses

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Monthly Fixed Payment. During each month of the Delivery Term, Buyer shall pay Seller, in arrears, a monthly fixed payment (“Monthly Fixed Payment” or “MFP”) for the Units, as full payment for the right to receive the Products and the delivery of the Products associated with the Units, determined as follows. MFPm = [[(CPR + FOMR) x MAFm x MCCm] x AAm] where, MFPm is the Monthly Fixed Payment for the subject month; CPR is the Capacity Payment Rate; FOMR is the Fixed O&M Rate; MAFm is the monthly allocation factor set forth in Appendix XVI for such month; provided that ninety (90) days prior to a start of a full calendar year, Buyer may Notify Seller of modifications to Appendix XVI. Buyer may not modify Appendix XVI such that any individual month has a percentage allocation of less than four percent (4%) or greater than fifteen percent (15%); or such that the sum of the twelve products of the MFP for each month multiplied by the applicable MCC for that month is less than it would have been prior to the modification. The sum of the twelve (12) monthly allocation factors in any calendar year must equal one hundred percent (100%). MCCm is the Monthly Contract Capacity for such month; and AAm is the Availability Adjustment for such month, determined pursuant to Section 4.1(c). Examples of the calculation of the Monthly Fixed Payment are provided in Appendices XIV and XVII.
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Monthly Fixed Payment. For each Billing Period “n”, the Parties shall calculate the monthly fixed payment for such Billing Period (the “Monthly Fixed Payment” or “MFPn”) as follows: MFPn = CPP × MCCn × FAAn × ▇▇▇▇ [●] [●] [●] [●] provided that the values set out in the column captioned “CPP ($/MW-Month of MCC)” shall be reduced, in the event of any Resource Provider refinancing (which Resource Provider may carry out in its sole discretion) following PREPA’s emergence from the PREPA Bankruptcy or otherwise, to account for any savings accruing to Resource Provider from such refinancing in the following proportions: (i) for Resource Provider, sixty percent (60%), and (ii) for PREPA, forty percent (40%), calculated as percentages of the amount which equals the sum of (A) the difference between (1) the net present value of debt service obligations before the refinancing, and (2) the net present value of debt service obligations immediately upon the occurrence of the refinancing, in each case at a discount rate equal to the interest rate on outstanding senior debt owed to Project Lenders at the time of such refinancing, and (B) any net proceeds of such refinancing; MCCn = Monthly Contract Capability for such Billing Period as adjusted in accordance with Section 5 (Monthly Contract Capability) of this Appendix F; FAAn = Facility Availability Adjustment for such Billing Period, determined pursuant to Section 6 (Facility Availability) of this Appendix F; and ▇▇▇▇ = PREPA Risk Adjustment for such Billing Period, determined pursuant to Section 7 (PREPA Risk Adjustment) of this Appendix F.
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Monthly Fixed Payment o The monthly fixed payment from MacroCure to ARC for the Clean Room (the “Monthly Fixed Payment”) shall be *****. (To begin upon certification of the Clean Room by MicroClean (or other qualified entity) and continue for the period of the Initial term). This payment shall be prorated for any part month of Clean Room use. o The Monthly Fixed Payment shall be ***** per month for the Renewal Term. o For any month between month 18 and the end of the Initial Term or end of the Renewal Term, where no batches are being processed and Clean Room is not in use, a Dormant Fee of ***** will be charged in lieu of the Monthly Fixed Payment. o The relevant Monthly Fixed Payment shall be invoiced by ARC at the beginning of every month during the Term.
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Monthly Fixed Payment. The monthly fixed payment for the subject month (“Monthly Fixed Payment” or “MFPm”) will be calculated as follows: MFPm = CPP × MAFm × MCCm × AAm where, CPP is the Capability Payment Price, which in each Contract Year will be: MAFm is the monthly allocation factor set forth in Appendix VIII for such month; provided that at least ninety (90) days prior to the start of any Contract Year, Buyer may Notify Seller of modifications to Appendix VIII. Buyer may not modify Appendix VIII such that (1) any individual month has a percentage allocation of less than four percent (4%) or greater than fifteen percent (15%) and
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Related to Monthly Fixed Payment

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Delayed Payment Premium balances that remain unpaid for more than thirty (30) days after the Remittance Date will incur interest from the end of the reporting period. The Remittance Date is defined as thirty (30) days after the end of the reporting period. Interest will be calculated using the index specified in Article 13.5 − Interest Rate.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.