Payment for Capacity Sample Clauses

The "Payment for Capacity" clause defines the obligation of one party to compensate another for making a specified amount of capacity—such as production, storage, or transmission—available, regardless of actual usage. Typically, this means the buyer pays a fixed fee to reserve a certain level of service or resource, even if they do not utilize the full amount during the contract period. This arrangement ensures the provider is compensated for maintaining readiness and availability, addressing the risk of underutilization and incentivizing the provider to allocate resources as agreed.
Payment for Capacity. Row44 will be required to make payments for the charges listed above before the end of the last day of the month prior to the month for which services are to be provided. The payment due January 31, 2012 will include the pro-rated services increased capacity on *** plus the payment due for February services. Thus, the payment due January 31, 2012 is ***, calculated as follows: *** The payment due February 29, 2012 will include the pro-rated services increased capacity on *** plus the payment due for March services. Thus, the payment due February 29, 2012 is ***, calculated as follows: *** The payment due March 31, 2012 will include the pro-rated services increased capacity on *** plus the payment due for April services. Thus, the payment due March 31, 2012 is ***, calculated as follows: *** In the event that any payment is not received by the due date, HNS may, at its option, immediately terminate services as of the first day of the next following month. Should HNS terminate service, HNS will terminate Row44 related space segment agreements with *** and HNS makes no representation about its ability to re-secure space segment or restart services at a later date. *** Confidential treatment requested.
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Payment for Capacity. Row44 will be required to make payments for the charges listed above before the end of the last day of the month prior to the month for which services are to be provided. The payment due December 31, 2011 will include the pro-rated services increased capacity on *** plus the payment due for January services. Thus, the payment due January 31, 2012 is ***, calculated as follows: *** In the event that any payment is not received by the due date, HNS may, at its option, immediately terminate services as of the first day of the next following month. *** *** Confidential treatment requested. Should HNS terminate service, HNS will terminate Row44 related space segment agreements with *** and HNS makes no representation about its ability to re-secure space segment or restart services at a later date.
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Payment for Capacity. 4.1 The monthly recurring charges for the Capacity shall be at the rates set forth in Exhibit E, attached hereto and made a part hereof, net of any discounts provided for in Exhibit E, and shall be payable by MCI by the next ▇▇▇▇ date (same day in the following month as the ▇▇▇▇ date) in immediately available funds. If such payment due date would cause payment to be due on a Saturday, Sunday, or Legal Holiday, payment for such bills would be due as follows: if such payment due date falls on a Sunday or on a Legal Holiday, the payment due date shall be the first non-Holiday date following such Sunday or Legal Holiday. If such payment due date falls on a Saturday or on a Legal Holiday which is observed on Tuesday, Wednesday, Thursday, or Friday, the payment due date shall be the last non-Holiday day preceding such Saturday or Legal Holiday. If any portion of the payment is received by the Provider after the payment due date as set forth above, or if any portion of the payment is received by the Provider in funds which are not immediately available to the Provider, then a late payment charge shall be due the Provider. The late payment charge will be applied to the portion of the payment not received by the payment due date. The late payment charge shall be 1% per month (.000329 per day) or 12% annually. This charge will be applied for the number of days from the payment due date to and including the date MCI actually makes the payment to the Provider. However, if for reasons outside the control of MCI (including, but not limited to, a computer system failure), a payment is delayed but received within two weeks of the payment due date, late payment charges will be waived. The charges for Capacity will begin to accrue on the date the Capacity is available for use. Provider will submit monthly invoices as directed by MCI, which invoice(s) will include all the Capacity furnished to MCI as of the date of the invoice(s). The invoice(s) submitted by Provider to MCI shall be prepared utilizing the SECABS billing guidelines, and must be rendered to MCI within fifteen (15) days after the close of the billing period. Under no circumstances shall MCI be liable for any charges which are not billed to MCI within ninety (90) days after the charges were initially incurred. For the first ninety (90) days of the term of this Agreement, Provider may continue to use its current standard billing procedures. Provider must transition its billing system to the SECABS billing system ...
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Payment for Capacity. 5.1 In consideration of the ROU granted hereunder, Customer shall pay an Installation Charge and a ROU Charge, in such amounts and in accordance with the provisions specified in Part I. 5.2 Except as set forth in Section 15.6A(b), the Installation Charge and ROU Charge under this Agreement are non refundable and shall become due and payable, regardless of the amount of ROU Capacity activated or active when such payments are due. Customer’s obligation to pay the Installation Charge and ROU Charge and other amounts due and payable pursuant to this Agreement shall not be subject to any set-off, counterclaim, deduction, defense or other right, which Customer may have against MN or any other third party.
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Payment for Capacity. The Contractor shall pay for Contract Capacity as follows: 6.3 6.2.1 The Contractor shall pay for all of its proportionate share of Schedule A Contingent Capacity (1,448,000 kilowatts) and its proportionate share of Schedule B Contingent Capacity completed under the Uprating Program (Rated Capacity less 1,448,000 kilowatts, not to exceed 503,000 kilowatts) at the then effective capacity 6.3.1 charge when When the aggregate Contract Capacity available to all Contractors is equal to or greater than 1,000,000 kilowatts at any time during a Billing Period, the Contractor shall pay at the then effective capacity charge for all of its proportionate share of Schedule A, Schedule B and Schedule D Contingent Capacity plus Excess Capacity, and for each DRAFT COMPARED AGAINST CURRENT FEDERAL ▇▇▇▇▇▇ ESC NOVEMBER 12, 2014 Participating Contractor, its proportionate share of capacity charges calculated to cover the cost of Uprating Programs, if any. 6.3.2 In the event that the aggregate Contract Capacity available to all Contractors is less than 1,000,000 kilowatts during an entire Billing Period, the Contractor shall pay the then effective capacity charge for the maximum quantity of Contract Capacity available to it at any time during the Billing Period; provided, that capacity charges calculated to cover the cost of an Uprating Program, if any, shall be paid by Participating Contractors based on their pro rata share of the increased capacity resulting from the Uprating Program.
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Payment for Capacity 
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Related to Payment for Capacity

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate. 2. Except as provided in 2.C.3., below, for all regular, limited-term and probationary employees, overtime may be converted to compensatory time or paid for at the option of the agency/department. Consideration shall be given to effectuating the wishes of employees. The maximum number of CTO hours which may be accrued by any employee is eighty (80). If an employee accrues 80 hours of CTO, he/she cannot accrue additional CTO until he/she uses some of the hours in his/her bank; instead, employees will be paid for all overtime work performed in excess of that amount. 3. Overtime hours worked by extra help employees shall be paid. 4. Compensatory time earned and accrued by an employee in excess of thirty-two (32) hours may be scheduled off for an employee by his or her agency/department; however, consideration shall be given to effectuating the wishes of those employees requesting specific compensatory time off periods. 5. No scheduled compensatory time off will be cancelled except in cases of emergency. 6. In no case may an employee's work schedule be changed during the workweek when the purpose of such change is to avoid overtime compensation. 7. Time worked as overtime shall not be used to earn fringe benefits or to serve out probation or merit increase periods. Compensatory time off may be used as part of the established workweek to earn fringe benefits and to serve out probationary and merit increase periods. 8. An employee separating from the County service shall be paid for accumulated compensatory time in a lump sum payment.

  • Payment for leave (a) Payment will be made based on the Employee’s ordinary pay for the ordinary hours the Employee would have worked on the day or days on which the leave was taken. (b) An Employee utilising personal leave may take leave for part of a single day. Leave will be deducted from the Employee’s accrued personal leave including, where relevant, for a part day.

  • Payment for Reactive Power NYISO shall pay Developer for reactive power or voltage support service that Developer provides from the Large Generating Facility in accordance with the provisions of Rate Schedule 2 of the NYISO Services Tariff.

  • 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. (b) Except as provided in clause 8.4, in computing overtime each day’s work will stand alone. (c) To avoid doubt, overtime provisions for shift workers are contained in clause 10.7.