Examples of Contract Capacity Amount in a sentence
Upon the execution, delivery and effectiveness of the Replacement PPA, this Agreement shall be deemed terminated and replaced in its entirety by such Replacement PPA; provided, however, that the obligation of Buyer and Seller pursuant to Section 3.1(a)(i) and 3.1(a)(ii) then in effect with respect to any Contract Capacity Amount for any Capacity Year shall remain in effect until the termination of such Capacity Year.
Seller shall be responsible for paying the costs required by PJM or otherwise necessary for the performance of Seller’s obligations set forth in the Agreement, including, without limitation, those arising under Section 3.1(a)(i)(A) and Section 3.1(a)(ii) with respect to the Capacity Value, Cleared Capacity Value and transfer of the Contract Capacity Amount to Buyer for each Capacity Year commencing in the Pre-Services Term Period or the Services Term.
The Parties acknowledge and agree that the allocation of capacity-related rights to Buyer under this Section 3.14 shall be accomplished in part through the obligations of Seller pursuant to Sections 3.1(a)(i)(A) and 3.1(a)(ii), including the transfer of the Contract Capacity Amount for each Capacity Year, but the Parties further acknowledge and agree to take such further actions as may be appropriate or desirable in order to give full effect to the intent of this Section 3.14.
Notwithstanding anything to the contrary set forth in this Section 3.1(a)(ii), the Parties acknowledge and agree that the obligations of the Parties with respect to transfers of the Contract Capacity Amount to Buyer pursuant to this Section 3.1(a)(ii) shall apply only with respect to Capacity Years commencing in the Pre-Services Term Period and shall be based on the Capacity Value, Cleared Capacity Value and Contract Capacity applicable to the Project for each such Capacity Year.
The maximum fee to be paid to the Consultant under this Master Agreement will not exceed[Insert Contract Capacity Amount $X,XXX,000].
Under the condition that Supplier’s Delivered Capacity Amount is less than the Contract Capacity Amount, Supplier shall be subject to penalties assessed by PJM to Company in accordance with the PJM Agreements, as well as a diminished payment from Company.
For Delivery Years beyond the 2011-2012 Delivery Year, the capacity payment shall equal the Contract Price for Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from Demand Resources, less all related penalties assessed by PJM to Company associated with any performance deficiency of Supplier’s Capacity Resources.
For Delivery Years beyond the 2011-2012 Delivery Year, the capacity payment from Company to Supplier (if Contract Price is greater than RPM Price), or from Supplier to Company (if RPM Price is greater than Contract Price), as the case may be, shall be the Contract Price less the RPM Price applicable to the Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from Demand Resources.
For the 2011-2012 Delivery Year, the capacity payment from Company to Supplier (if Contract Price is greater than ILR Price), or from Supplier to Company (if ILR Price is greater than Contract Price), as the case may be, shall be the Contract Price less the RPMILR Price applicable to the Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from ILR Resources.
Seller is a PJM/Exelon Member and shall have entered into all required PJM/Exelon Agreements required to perform under the Agreement, which shall be in full force and effect, the Project has been accepted as a Capacity Resource of PJM/Exelon as of the date in question, and (i) if there shall not have been a Pre-Services Term Period, Seller shall be able to transfer the Contract Capacity Amount to Buyer as required pursuant to Section PPA.