Capex Payment definition

Capex Payment means the payment calculated in accordance with Condition 7.2 (Capex Payment Calculation);
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Capex Payment means $1,000,000.
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Capex Payment means the payment calculated in accordance with schedule 3 (Capex Payment Calculations) to be made by the ICC Contract Counterparty to the Emitter in the circumstances set out in clause 10 (Capex Payment);
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Examples of Capex Payment in a sentence

  • Each Borrower shall deposit in a reserve account with Bank (the “Capital Reserve Account”) at the time of each payment of an installment of interest and/or principal under the Note, an additional amount equal to the Monthly Capex Payment (defined below), to fund capital future expenditures for repair and replacement of Project improvements, furniture, fixtures and equipment.

  • It is anticipated that the YCCM for years six (6) to ten (10) of the Capex Payment Period will be the same as the YCCM for year five (5) of the Capex Payment Period.

  • For hybrid CCS/CCU projects, the denominator for the Capex Payment Rate calculation will be the Metered CO2 Output Estimate (i.e. the Emitter's estimate of the total amount of CO2 that will be captured during the first five (5) years of the Capex Payment Period) whereas, for CCS only projects, the denominator will be the Metered CO2 Output to T&S Estimate (i.e. the Emitter's estimate of the total amount of CO2 that will be captured and stored during the same period).

  • The rights and obligations of the Parties under clause 10 (Capex Payment), clause 11 (Opex Payment), clause 12 (Billing Statements), clause 13 (Payment Mechanics) and clause 17 (Emitter's Undertakings: Metering) are conditional upon the fulfilment or waiver of the Conditions Precedent and shall commence on the Start Date.

  • The sum of the YCCM over years one (1) to ten (10) of the Capex Payment Period (being the Initial Term) will be equal to one (1).

  • It is anticipated that the YCCM for years 6 to 10 of the Capex Payment Period will be the same as the YCCM for year 5 of the Capex Payment Period.

  • This shall be the Emitter's estimate of the mass quantity of CO2 in all Billing Periods in the first five years of the Capex Payment Period based on the CO2 Capture Rate Estimate, which shall be notified to BEIS in the Emitter's application for an ICC Contract.

  • This shall be the Emitter's estimate of the mass quantity of CO2 that will be captured in all Billing Periods in the first five (5) years of the Capex Payment Period based on the CO2 Capture Rate Estimate, which shall be notified to DESNZ in the Emitter's application for an ICC Contract.

  • This cap may vary each year, depending on expected changes in production over the Capex Payment Period, and the cap for each year will be agreed during negotiations.

  • This cap may vary each year, depending on expected changes in production over the first five (5) years of the Capex Payment Period, and the cap for each year will be agreed during negotiations.

Related to Capex Payment

  • Delta Payment means as it is described in this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Interim Payment has the meaning specified in Section 10.1.