PTC Amount Sample Clauses
The "PTC Amount" clause defines the specific monetary value or limit associated with a Payment Transfer Certificate (PTC) within a contract. In practice, this clause sets out the exact sum that is recognized as payable or transferable under the terms of the agreement, often referenced in payment schedules or milestone achievements. By clearly stating the PTC Amount, the clause ensures both parties have a mutual understanding of the financial obligations involved, thereby reducing the risk of disputes over payment amounts and facilitating smooth financial transactions.
PTC Amount. If applicable for new eligible PTC resources, during the period (not to exceed a total of one hundred twenty (120) consecutive months) in which Seller is receiving PTCs, Buyer shall pay the PTC Amount for Deemed Delivered Energy above the Curtailment Cap until the sum of Delivered Energy plus the amount of Deemed Delivered Energy above the Curtailment Cap exceeds one hundred percent (100%) of the Expected Energy for such Contract Year.
PTC Amount. If the Parties have agreed that Seller is entitled to the PTC Amount, during the period (not to exceed a total of one hundred twenty (120) consecutive months) in which Seller is receiving PTCs for the Facility, Buyer shall also pay the PTC Amount for Deemed Delivered Energy until the sum of Facility Energy plus the amount of Deemed Delivered Energy exceeds one hundred percent (100%) of the Expected Energy for such Contract Year.][If applicable.]