Monthly Variable Payment Clause Samples

Monthly Variable Payment. For each Billing Period “n”, the Parties shall calculate the monthly variable payment for such Billing Period (the “Monthly Variable Payment” or “MVPn”) as follows: MVPn = min [DEn, SDEn] × VOMPn × (1 + VOMPIy) DEn = the Discharge Energy for Billing Period “n”, as measured for such period in accordance with Section 8.4 (Meter Reading); SDEn = the quantity of Scheduled Discharge Energy for Billing Period “n”; VOMPn = the variable O&M price applicable to Billing Period “n”, which in each Billing Period in any Agreement Year shall equal $[●]/MWh; and VOMPIy = the Variable O&M Price Inflation applicable for the Agreement Year, determined pursuant to Section 4 (Variable O&M Price Inflation) of this Appendix F.
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Monthly Variable Payment. During each month of the Delivery Term, Buyer shall pay Seller, in arrears, a monthly variable payment (“Monthly Variable Payment “ or “MVP”) for each Unit, as full payment for the Tolling Services and all of the Energy provided from the Unit by Seller with respect to Scheduled Operations during the subject month, equal to the Variable O&M (“VOM”) payment plus payment for Fired Hours as follows. MVPm = VOM payment + Fired Hours payment where,
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Monthly Variable Payment. The monthly variable payment (“Monthly Variable Payment” or “MVP”) will be calculated as follows. MVPm = ∑ min (Delivered Discharge Energyi, Buyer’s Discharge Schedulei) × VOMPy where, ∑ is the sum from i=1 to n ; m = relevant month “m” in which a MVP payment is made; i = the Settlement Interval in month “m”; n = total number of Settlement Intervals in month “m”; VOMPy = the Variable O&M Price (“VOMP”) in Contract Year “y” corresponding to month “m”. VOMP in each Contract Year will be: An example of the Monthly Variable Payment calculation is provided in Appendix XVI.
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Monthly Variable Payment. (MVP) (1) The MVP is a flexible salary component payable on a monthly basis. It comes from part of the total wage increases for the year. This component will accord the flexibility of adjusting wage costs in the event of a business downturn. It is part of monthly salary and is included in the computation of salary payments such as bonuses, overtime payments and future salary increases. (2) The Institution and the Union will discuss the indicators for MVP adjustment in the event of a business downturn. (3) The Institution and the Union shall maintain the MVP at 10% of the total base salary.
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Related to Monthly Variable Payment

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Monthly Fees ACS will ▇▇▇▇ Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary