Monthly Variable Charge Sample Clauses
Monthly Variable Charge. DHL will pay to ABX twenty-five percent (25%) of the Estimated Monthly Variable Charge in advance and without demand on Monday (or if Monday is not a Business Day, the first Business Day thereafter) of each week, for the first four (4) Mondays of each month, during the Term, in accordance with Section 7.6 below. On or about the sixth (6th) Business Day of each month, ABX will provide to DHL a written statement setting forth in reasonable detail the Monthly Variable Charge for the prior month. Within ten (10) Business Days of DHL’s receipt of such statement and in accordance with Section 7.6 below, (i) DHL will remit to ABX any amount by which the Monthly Variable Charge exceeded the Estimated Monthly Variable Charge paid by DHL to ABX during the prior month; or (ii) ABX will provide to DHL a credit memo for any amount by which the Monthly Variable Charge exceeded the Estimated Monthly Variable Charge paid by DHL to ABX during the prior month, whereupon DHL may deduct such amount from any payments to be made to ABX pursuant to this Agreement.
Monthly Variable Charge. The Monthly Variable Charge will be based on the variable operation and maintenance costs as set forth in Appendix A, multiplied by the actual MWh of operation of the Generating Facilities. The variable operation and maintenance costs include those materials, supplies and maintenance costs, environmental fees or charges, and labor costs, if any, which vary directly with the amount of energy generated. Variable operation and maintenance costs do not include charges for fixed operation and maintenance costs nor charges for starts, fired hours of operation and fuel swaps defined in Appendix B after meeting threshold levels established in Appendix B. Fuel required to operate the Generating Facilities for the purpose of providing energy will be provided in accordance with the provisions of the Energy Management Agreement and, accordingly, there will be no charge for fuel.
Monthly Variable Charge. Commencing with the Month in which the Project COD occurs and continuing throughout the Term, Seller shall prepare and submit to Buyer a Monthly Invoice for Delivered Energy. Each Monthly Invoice that includes the Monthly Variable Charge shall be accompanied by the calculation thereof in accordance with Exhibit C and Exhibit D. As specified in Section 3.1.2, all such invoices that include a Monthly Energy Charge shall be accompanied by a completed Certification and Assignment of Rights Form provided as Exhibit E hereto which shall be deemed to satisfy the eligibility requirements under the RPS Program and Seller must otherwise demonstrate the transfer of the Renewable Attributes as reasonably requested by Buyer at Buyer’s expense.