Resulting payment Sample Clauses
The 'Resulting payment' clause defines the obligations and procedures for making payments that arise as a consequence of certain events or conditions specified in the contract. Typically, this clause outlines when and how payments must be made, such as after the completion of a milestone, delivery of goods, or upon the occurrence of a triggering event. Its core practical function is to ensure that both parties understand the circumstances under which payments are due, thereby reducing disputes and providing clarity regarding financial responsibilities.
Resulting payment. Seller pays to Buyer the Collateral Requirement associated with the Designated System plus any extension fees associated with such Designated System that have been paid by Seller to Buyer.
Resulting payment. If payments have been made to Seller with respect to the Designated System, Seller shall return the amount of payment based on the applicable Contract Price and on the difference between the number of RECs used to calculate payment and the number of RECs Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity). Upon the resulting payment by Seller, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System.
Resulting payment. Seller forfeits 25% of the Performance Assurance Amount previously posted in connection with the Designated System; the remaining 75% of Performance Assurance Amount is returned by Buyer to Seller. It is possible that this Reason for System Removal occurs prior to Seller’s posting of Seller’s Performance Assurance. In such a case, Seller shall pay Buyer an amount equal to 25% of the Collateral Requirement associated with such Designated System.
Resulting payment. Buyer provides to Seller a refund of any extension fees that have been paid plus the portion of its Performance Assurance in the amount of the Collateral Requirement associated with such Designated System. If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6.
Resulting payment. Buyer and Seller shall make or return payment that have been made in error pursuant to Section 3.6. Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System in accordance with Section 7.1(e)(ii). Party A: Party B: All Notices: All Notices: Street: Street: City: City: State and ZIP: Attn: State and ZIP: Attn: Phone: Phone: Email: Email: Federal Tax ID Number: Federal Tax ID Number: Attn: Attn: Phone: Phone: Email: Email: With a copy to: With a copy to: Attn: Attn: Phone: Phone: Email: Email: Attn: Attn: Phone: Phone: Email: Email: BNK: BNK: ABA: ABA: ACCT: ACCT:
Resulting payment. Seller pays
Resulting payment. Any Surplus RECs remaining in the Surplus REC Account with respect to such Designated System shall be returned from Buyer to Seller. Upon such return, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System. If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6.
Resulting payment. Buyer and Seller shall make or return payment that have been made in error pursuant to Section 3.6. Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System in accordance with Section 7.1(e)(ii).
Resulting payment. Seller pays the greater of (i) the Collateral Requirement with respect to such Designated System ▇▇▇▇▇ (ii) one hundred percent (100%) of the total payments Seller has received from Buyer associated with RECs from such Designated System.
Resulting payment. Seller owes $0 to Buyer. Any Surplus RECs remaining in the Surplus REC Account with respect to such Designated System shall be returned from Buyer to Seller. Upon such return, Seller may request for the reduction of a portion of the Performance Assurance Amount attributable to such Designated System.