Contract Termination Payment definition

Contract Termination Payment shall have the meaning specified in Section 15.3.
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Contract Termination Payment means any termination, cancellation, rejection or similar fee or amount received by Borrower upon any early termination, cancellation, rejection, expiration or inability to agree with respect to any Designated Contract or any damages or other amounts received by Borrower for the foregoing. Neither an A-10 Contract Reimbursement Payment nor an A-10 2015 REA Payment shall be deemed to constitute a Contract Termination Payment.
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Contract Termination Payment means the net cash actually paid to the Borrower by a Member as part of such Member’s termination of its Wholesale Power Contract with Borrower; provided that any cash paid to the Borrower by a Member or any other Person, or any amounts reasonably allocated by the Borrower, for any Mortgage Property, Excluded Property or Excepted Property sold, conveyed, or assigned to the Member shall not be part of a Contract Termination Payment; and provided further that the amendment or restatement of a Wholesale Power Contract after the Closing Date to constitute a partial requirements contract (in which a Member is permitted to provide up to a percentage of its power requirements and future power requirements from sources other than the Borrower) shall not constitute a termination of such Wholesale Power Contract.
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Examples of Contract Termination Payment in a sentence

  • The Trustee will apply any Cap Contract Termination Payment received from the original Cap Counterparty in connection with such Cap Contract Early Termination to the upfront payment required to appoint the successor cap counterparty.

  • On April 9, 2020, Tri-State’s Board of Directors approved two Board Resolutions—the Buy Down Payment Formula Board Resolution and the Contract Termination Payment Board Resolution.

  • FERC accepts Tri-State’s modified Contract Termination Payment (CTP) Tariff filingKen Reif, Senior Vice President, General Counsel, reported that the Federal Energy Regulatory Commission (FERC) has accepted Tri-State’s filing of its modified Contract Termination Payment (CTP) tariff, which sets forth the terms and conditions under which Tri-State members may terminate their Wholesale Electric Service Contracts (WESC) and membership in Tri-State.

  • Any person desiring to intervene or (Respondent), requesting the Commission to: (1) Require Respondent to immediately calculate contract termination payments for the Joint Complainants under Rate Schedule No. 281; (2) initiate a section 206 investigation into the Contract Termination Payment Methodology that is pending in Docket No. ER20–1559; and (3) consolidate the section 206 investigation with Docket No. ER20– XXXXXxxxxxXxxxxxx@xxxx.xxx, or call toll-free, (886) 208–3676 or TYY, (202) 502–8659.

  • INSTALLATION TECHNIQUES – NEW CONSTRUCTION PROJECTS Installation of services as part of new construction projects are to be undertaken prior to constructing pavements, footpaths, bikepaths and the like.

  • View the Financial Results on the directors’ BoardBooks app and the Member formation Center.Board update Tri-State board responds to FERC orders related to Contract Termination Payment (CTP)The Tri-State Board of Directors directed staff to file a modified Contract Termination Payment (CTP) methodology in response to recent orders from the Federal Energy Regulatory Commission (FERC).

  • Press Release, Tri-State Generation and Transmission Ass’n, Tri-State Takes Significant Step to Increase Member Flexibility, Sets Contract Termination Payment Methodology, (April 9, 2020), https://www.tristategt.org/tri-state-takes- significant-step-increase-member-flexibility-sets-contract-termination-payment [perma.cc/CSL4-KD6A].

  • Clearly, [Grabowski] did not fear such a threat from the filing of the instant lawsuit against the Baskay defendants.

  • Tri-State- Kevin CooneyDirector Cooney reported there have been several hearings and testimonies at FERC regarding the Contract Termination Payment (CTP) case; however, it will likely be months before a final decision is made.

  • Power Supply UpdateManager Zaporksi advised the Board that Tri-State submitted a Contract Termination Payment (CTP) process document to the Federal Energy Regulatory Commission (FERC) that defined that a full exit would require that a two-year notice be given.

Related to Contract Termination Payment

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Swap Termination Payments shall have the meaning set forth in each Swap Agreement.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Compensation Accrued at Termination means the following:

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Benefit means the benefit set forth in Article 7.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Accrual Termination Date Not applicable.

  • Normal Termination means termination of employment or service with the Company and Affiliates: