Take or Pay Payments Sample Clauses

Take or Pay Payments. 6.2.1 If in respect of the Supply Period under any eSPN, the aggregate quantity of e-Bid RLNG (expressed and measured in MMBTUs) taken by the Buyer at the Delivery Point in accordance with this Agreement is less than the Take or Pay Quantity for such eSPN determined in accordance with Clause 6.1 (such shortfall being the “ToP Deficiency Quantity”), then the Buyer shall pay to the Seller the take or pay payment (“ToP Payment”) in respect of the Deficiency Quantity which Take or Pay Payment shall be calculated as follows: TPPt = DQ x Price (for the purpose of ToP Payment the Price shall be the weighted average Price of e-Bid RLNG for the Supply Period including any taxes and duties and penalties thereon) Where TPPt = the Take or Pay Payment DQ = the ToP Deficiency Quantity (expressed and measured in MMBTUs)
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Take or Pay Payments. Buyer shall reimburse Seller for any payments that Seller has made in accordance with any take-or-pay provisions in the Bulk Power Purchase Agreements arising from Fuel Supply Agreements between the Generation Companies and fuel suppliers. In the event that Seller receives any credit or benefit from any take-or-pay provisions in the Bulk Power Purchase Agreements arising from the Fuel Supply Agreement, Seller shall pass that credit or benefit to Buyer.

Related to Take or Pay Payments

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Check-Off Payments The Employer shall deduct from every employee any dues, initiation fees, or assessments levied by the Union on its members.

  • Co-Payments Effective January 1, 2020, the State Dental Plan will cover allowable charges for the following services subject to the co- payments and coverage limits stated. Higher out-of-pocket costs apply to services obtained from dental care providers not in the State Dental Plan network. Services provided through the State Dental Plan are subject to the State Dental Plan's managed care procedures and principles, including standards of dental necessity and appropriate practice. The plan shall cover general cleaning two (2) times per year and special cleanings (root or deep cleaning) as prescribed by the dentist.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

  • Other payments You must give your correct TIN, but you do not have to sign the certification unless you have been notified that you have previously given an incorrect TIN. “Other payments” include payments made in the course of the requester’s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care services (including payments to corporations), payments to a nonemployee for services, payments made in settlement of payment card and third party network transactions, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).

  • FILOT PAYMENTS Section 4.01

  • Payment of the balance Within sixty days of completion of the tasks referred to in each order or specific contract, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents, which are provided for in the Special Conditions: ⮚ a final technical report in accordance with the instructions laid down in Annex I; ⮚ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Salary Payments For payroll purposes, the work week shall be defined as Monday through Sunday. In any school year, the dollar amounts on the first and last paychecks of the year may vary.

  • Cash Payments Merchant may not receive any payments from a Cardholder for charges included in any Transaction resulting from the use of any Card nor receive any payment from a Cardholder to prepare and present a Transaction for the purpose of affecting a deposit to the Cardholder's Card account.

  • Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

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