Common use of Monthly Variable Payment Clause in Contracts

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.

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.