Common use of Price for Products Clause in Contracts

Price for Products. All Products Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price specified in Exhibit D; provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Scheduled Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Adjusted Price specified in Exhibit D. Other than the (i) payment for the Products under this Section 5.1, (ii) payments related to Meter testing under Section 4.6(b), (iii) payments related to Meter malfunctions under Section 4.6(e), (iv) payment of any Resale Damages under Section 4.4, (v) payment of interest on late payments under Section 5.3, (vi) payments for reimbursement of Buyer’s Taxes under Section 5.4(a), (vii) return of any Credit Support under Section 6.3, and (viii) payment of any Termination Payment due from Buyer under Section 9.3, Buyer shall not be required to make any other payments to Seller under this Agreement, and Seller shall be solely responsible for all costs and losses incurred by it in connection with the performance of its obligations under this Agreement. In the event that the LMP for the Scheduled Energy at the Delivery Point in the Day Ahead Energy Market and/or the Real Time Energy Market, as applicable pursuant to Section 4.2(a), is less than $0.00 per MWh in any hour, Seller shall credit to Buyer, on the appropriate monthly invoice, an amount equal to the product of (y) such Scheduled Energy Delivered in such hour and (z) the absolute value of the hourly Day Ahead LMP or Real Time LMP at the Delivery Point, as applicable pursuant to Section 4.2(a).

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Price for Products. All Products Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price specified in Exhibit D; provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Scheduled Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Adjusted Price for Energy only specified in Exhibit D. Other than the (i) payment for the Products under this Section 5.1, (ii) payments related to Meter testing under Section 4.6(b), (iii) payments related to Meter malfunctions under Section 4.6(e4.6(f), (iv) payment of any Resale Damages under Section 4.4, (v) payment of interest on late payments under Section 5.3, (vi) payments for reimbursement of Buyer’s Taxes under Section 5.4(a), (vii) return of any Credit Support under Sections 6.1 and 6.3, (viii) causing interest incurred on Cash deposits to be remitted to Seller in accordance with Section 6.3, and (viiiix) payment of any Termination Payment due from Buyer under Section 9.3, Buyer shall not be required to make any other payments to Seller under this Agreement, and Seller shall be solely responsible for all costs and losses incurred by it in connection with the performance of its obligations under this Agreement. In the event that the LMP for the Scheduled Energy at the Delivery Point in the Day Ahead Energy Market and/or the Real Time Energy Market, as applicable pursuant to Section 4.2(a), is less than $0.00 per MWh in for any hour, Seller shall credit to Buyer, on the appropriate monthly invoice, an amount equal to the product of (yi) such Scheduled Energy Delivered delivered in such hour (if any) and (zii) the absolute value of the hourly Day Ahead LMP or Real Time LMP at the Delivery Point, as applicable pursuant to Section 4.2(a).Point.‌‌

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Price for Products. All Products Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price specified in Exhibit D; provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Scheduled Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Adjusted Price for Energy only specified in Exhibit D. Other than the (i) payment for the Products under this Section 5.1, (ii) payments related to Meter testing under Section 4.6(b), (iii) payments related to Meter malfunctions under Section 4.6(e4.6(f), (iv) payment of any Resale Damages under Section 4.4, (v) payment of interest on late payments under Section 5.3, (vi) payments for reimbursement of Buyer’s Taxes under Section 5.4(a), (vii) return of any Credit Support under Sections 6.1 and 6.3, (viii) causing interest incurred on Cash deposits to be remitted to Seller in accordance with Section 6.3, and (viiiix) payment of any Termination Payment due from Buyer under Section 9.3, Buyer shall not be required to make any other payments to Seller under this Agreement, and Seller shall be solely responsible for all costs and losses incurred by it in connection with the performance of its obligations under this Agreement. In the event that the LMP for the Scheduled Energy at the Delivery Point in the Day Ahead Energy Market and/or the Real Time Energy Market, as applicable pursuant to Section 4.2(a), is less than $0.00 per MWh in for any hour, Seller shall credit to Buyer, on the appropriate monthly invoice, an amount equal to the product of (yi) such Scheduled Energy Delivered delivered in such hour (if any) and (zii) the absolute value of the hourly Day Ahead LMP or Real Time LMP at the Delivery Point, as applicable pursuant to Section 4.2(a).

Appears in 1 contract

Samples: Power Purchase Agreement

Price for Products. All Products Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price specified in Exhibit D; provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Zero Carbon Emissions Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Scheduled other Products including Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Adjusted Price for Energy only, as specified in Exhibit D. Other than the (i) payment for the the‌ Products under this Section 5.1, (ii) payments related to Meter testing under Section 4.6(b), (iii) payments related to Meter malfunctions under Section 4.6(e), (iv) payment of for Energy, Wholesale Market Services and RECs during the Test Period in accordance with Section 4.8, (v) payment for any Resale Damages under Section 4.4, (vvi) payment of interest on late payments under Section 5.3, (vivii) payments for reimbursement of Buyer’s Taxes under Section 5.4(a), (viiviii) return of any Credit Support under Section 6.3, and (viiiix) payment of any Termination Payment due from Buyer under Section 9.3, Buyer shall not be required to make any other payments to Seller under this Agreement, and Seller shall be solely responsible for all costs and losses incurred by it in connection with the performance of its obligations under this Agreement. In the event that the LMP for the Scheduled Energy at the Delivery Point in the Day Ahead Energy Market and/or the Real Time Energy Market, as applicable pursuant to Section 4.2(a), is less than $0.00 per MWh in any hour, Seller shall credit to Buyer, on the appropriate monthly invoice, an amount equal to the product of (y) such Scheduled Energy Delivered in such hour and (z) the absolute value of the hourly Day Ahead LMP or Real Time LMP at the Delivery Point, as applicable pursuant to Section 4.2(a).accordance with Exhibit D.

Appears in 1 contract

Samples: Power Purchase Agreement

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Price for Products. All Products Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price specified in Exhibit D; [provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Scheduled Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Adjusted Price specified in Exhibit D. [this bold bracketed section - NATIONAL GRID VERSION]] [provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price for Energy only, as specified in Exhibit D. [GENERIC VERSION] Other than the (i) payment for the Products under this Section 5.1, (ii) payments related to Meter testing under Section 4.6(b), (iii) payments related to Meter malfunctions under Section 4.6(e), (iv) payment for Energy and RECs during the Test Period in accordance with Section 4.8, (v) payment of any Resale Damages under Section 4.4, (vvi) payment of interest on late payments under Section 5.3, (vivii) payments for reimbursement of Buyer’s Taxes under Section 5.4(a), (viiviii) return of any Credit Support under Section 6.3, and (viiiix) payment of any Termination Payment due from Buyer under Section 9.3, Buyer shall not be required to make any other payments to Seller under this Agreement, and Seller shall be solely responsible for all costs and losses incurred by it in connection with the performance of its obligations under this Agreement. In the event that the LMP for the Scheduled Energy at the Delivery Point in the Day Ahead Energy Market and/or the Real Time Energy Market, as applicable pursuant to Section 4.2(a), is less than $0.00 per MWh in any hour, Seller shall credit to Buyer, on the appropriate monthly invoice, an amount equal to the product of (yi) such Scheduled Energy Delivered delivered in such hour and (zii) the absolute value of the hourly Day Ahead LMP or Real Time LMP at the Delivery Point, as applicable pursuant to Section 4.2(a).

Appears in 1 contract

Samples: Power Purchase Agreement

Price for Products. All Products Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Price specified in Exhibit D; provided, however, that if the RECs fail to satisfy the RPS as an Environmental Attribute associated with the specified MWh of generation from a RPS Class I Renewable Generation Unit and Buyer does not purchase the RECs pursuant to Section 4.1(b), then all Scheduled Energy Delivered to Buyer in accordance with this Agreement shall be purchased by Buyer at the Adjusted Price specified in Exhibit D. Other than the (i) payment for the Products under this Section 5.1, (ii) payments related to Meter testing under Section 4.6(b), (iii) payments related to Meter malfunctions under Section 4.6(e), (iv) payment for Energy and RECs during the Test Period in accordance with Section 4.8, (v) payment of any Resale Damages under Section 4.4, (vvi) payment of interest on late payments under Section 5.3, (vivii) payments for reimbursement of Buyer’s Taxes under Section 5.4(a), (viiviii) return of any Credit Support under Section 6.3, and (viiiix) payment of any Termination Payment due from Buyer under Section 9.3, Buyer shall not be required to make any other payments to Seller under this Agreement, and Seller shall be solely responsible for all costs and losses incurred by it in connection with the performance of its obligations under this Agreement. In the event that the LMP for the Scheduled Energy at the Delivery Point in the Day Ahead Energy Market and/or the Real Time Energy Market, as applicable pursuant to Section 4.2(a), is less than $0.00 per MWh in any hour, Seller shall credit to Buyer, on the appropriate monthly invoice, an amount equal to the product of (yi) such Scheduled Energy Delivered delivered in such hour and (zii) the absolute value of the hourly Day Ahead LMP or Real Time LMP at the Delivery Point, as applicable pursuant to Section 4.2(a).

Appears in 1 contract

Samples: Power Purchase Agreement

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