Common use of RA Capacity Payments Clause in Contracts

RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the applicable Capacity Price (in dollars per MWh) specified for each XXX Period (𝑃𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦−XXX) set forth in Section 3(b) of this Exhibit D. 𝐿𝑎𝑠𝑡 𝐻𝑜𝑢𝑟 𝑅𝐴 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 × 𝑃𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦−𝑇𝑇𝑇𝐷) 𝐹𝑖𝑟𝑠𝑡 𝐻𝑜𝑢𝑟

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the applicable Capacity Price (in dollars per MWh) specified for each XXX Period (𝑃𝐶𝑎𝑝𝑎𝑐�𝑷𝑪𝒂𝒑𝒂𝒄𝒊𝒕𝒚−XXX�𝑡𝑦−XXX) set forth in Section 3(b) of this Exhibit D. 𝐿𝑎𝑠𝑡 𝐻𝑜𝑢𝑟 𝑅𝐴 𝐶𝑎𝑝𝑎𝑐����𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙�𝑃𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦−XXX�𝑟𝑠 = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 × 𝑃𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦−𝑇𝑇𝑇𝐷) 𝐹𝑖𝑟𝑠𝑡 𝐻𝑜𝑢𝑟

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the applicable Capacity Price (in dollars per MWh) specified for each XXX Period (𝑃𝐶𝑎𝑝𝑎𝑐�𝑷𝑪𝒂𝒑𝒂𝒄𝒊𝒕𝒚–XXX�𝑡𝑦−XXX) set forth in Section 3(b) of this Exhibit D. ��𝑎𝑠𝑡 𝐻𝑜𝑢𝑟 𝑅𝐴 𝐶𝑎𝑝𝑎𝑐���Σ �𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙�𝑃Capacity–XXX���𝑠 = � (�First Hour�𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 × 𝑃𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦−𝑇𝑇𝑇𝐷) 𝐹𝑖𝑟𝑠𝑡 𝐻𝑜𝑢𝑟

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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