Common use of XXX Factors Clause in Contracts

XXX Factors. In accordance with all other terms of this Article Four, the Contract Price for Delivered Energy shall be adjusted by the following Time of Delivery Factors (“XXX Factors”) for each of the specified XXX Periods in which Delivered Energy is delivered: XXX FACTORS FOR EACH XXX PERIOD Period 1. Super-Peak 2. Shoulder 3. Night A. June - September 2.20490 1.12237 0.68988 B. Oct. -Dec., Jan. & Feb. 1.05783 0.93477 0.76384 C. Mar. – May 1.14588 0.84634 0.64235 Monthly XXX Payment. For each month, Buyer shall pay Seller for Delivered Energy in each XXX Period (“Monthly XXX Payment”) the amount resulting from multiplying the Contract Price times the XXX Factor for the applicable XXX Period, times the Delivered Energy in each hour: Excess Delivered Energy . In any Contract Year, if Seller delivers Delivered Energy in excess of one hundred twenty percent (120%) of the annual Contract Quantity amount, the Contract Price for such Energy in excess of such one hundred twenty percent (120%) shall be adjusted to be seventy-five percent (75%) of the applicable Contract Price.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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XXX Factors. In accordance with all other terms of this Article Four4, the Contract Price for Delivered Energy shall be adjusted by the following Time of Delivery Factors (“XXX Factors”) for each of the specified XXX Periods in which Delivered Scheduled Energy is delivered: XXX FACTORS FOR EACH XXX PERIOD Period 1. Super-Peak 2. Shoulder 3. Night A. June - September 2.20490 1.12237 0.68988 1.543 1.024 0.747 B. Oct. -Dec.– Dec., Jan. & Feb. 1.05783 0.93477 0.76384 1.310 1.065 0.787 C. Mar. - May 1.14588 0.84634 0.64235 Monthly XXX Payment. For 1.104 0.920 0.673 Subject to Section 4.4, for each monthmonth during the Delivery Term, Buyer shall pay Seller for Delivered Scheduled Energy in each XXX Period (“Monthly XXX Payment”) the amount resulting from multiplying the Contract Price times the XXX Factor for the applicable such XXX Period, Period times the Delivered Energy in each hourScheduled Energy: Monthly XXX Payment = Contract Price x XXX Factor x Scheduled Energy. Excess Delivered Energy Scheduled Energy. In any Contract Year, if Seller delivers Delivered Scheduled Energy in excess of one hundred twenty 120 percent (120%) of the annual Contract Quantity amount, the Contract Price for such Energy energy in excess of such one hundred twenty 120 percent (120%) shall be adjusted to be seventy-five 75 percent (75%) of the applicable Contract Price.

Appears in 1 contract

Samples: Master Power Purchase and Sale Agreement

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