Variable Monthly Fee Sample Clauses

Variable Monthly Fee. The variable component of the Operation Fee (“Variable Monthly Fee”) shall be calculated as per the Factored Fired Hours of all Covered Units during the relevant month. Any fired hours prior to the Commercial Operation Date will not be charged. [OPTION A – Term of this Agreement corresponding to 16 (sixteen) years] From year 1 to 10: [***] Brazilian Reais and [***] centavos (R$ [***]) per FFH. From year 11 to 16: [***] Brazilian Reais and ninety-eight centavos (R$ [***]) per FFH. Or [OPTION B - – Term of this Agreement corresponding to 25 (twenty-five) years] From year I to 10: [***] Brazilian Reais (R$ [***]) per FFH. From year 11 to 18: [***] Brazilian Reais (R$ [***]) per FFH. From year 19 to 25: [***] Brazilian Reais (R$ [***]) per FFH.