, each Unit definition
, each Unit representing the Company's commitment to issue to Participant one share of the Company's common stock, par value $.01 per share (the "Stock"), subject to certain eligibility and other conditions set forth herein. The award is intended to be granted pursuant to and is subject to the terms and conditions of this Agreement and the provisions of the Plan.
, each Unit s energy rate for such Month, expressed in hundredths of dollars per megawatt-hour ($0.00/MWH), determined as the sum of:
(a) the product of:
(i) the average heat rate for each Unit, expressed in millions of British Thermal Units per megawatt-hour (MMBTU/MWH), derived from "Informational Schedule No. 2 (Energy Costs by Sources)" of the IIC in effect for such Month
(ii) the sum of: -- the blended replacement fuel cost for each Unit for such Month, in dollars per million British Thermal Units ($/MMBTU), determined as (i) the actual delivered fuel cost for such Unit for the immediately previous approximately thirty (30) Day period, and (ii) the projected delivered fuel cost for such Unit for the current approximately thirty (30) Day period; as calculated by Georgia Power or its agent, and as possibly adjusted by Georgia Power or its agent, in its discretion, for the time value of money (Georgia Power's and its agent's current practice as of the date of the Agreement is to calculate such actual and projected delivered fuel costs on a Monthly basis, but Georgia Power may change the exact approximately thirty (30) Day time period to be used in such calculations in Georgia Power's or its agent's reasonable discretion) -- the emissions allowance cost for each Unit for such Month, in dollars per million British Thermal Units ($/MMBTU), determined as (i) the per unit sulfur content of the fuel used to determine the blended replacement fuel cost above, times (ii) two (2), the conversion by weight of sulfur to sulfur dioxide, divided by (iii) the heat content, expressed in millions of British Thermal Units per ton (MMBTU/ton), of the fuel used to determine the blended replacement fuel cost above, times (iv) the value assigned to emissions allowances, in dollars per ton ($/ton), for such Month in accordance with the IIC
(b) the variable operations and maintenance expense rate for each Unit, expressed in dollars per megawatt-hour ($/MWH), as shown in "Informational Schedule No. 2 (Energy Costs by Sources)" of the IIC in effect for such Month
(c) the fuel handling expense rate for each Unit, expressed in dollars per megawatt-hour ($/MWH), as shown in "Informational Schedule No. 2 (Energy Costs by Sources)" of the IIC in effect for such Month
(d) other energy related costs for each Unit, expressed in dollars per megawatt-hour ($/MWH), properly determined in accordance with FERC/NERC procedures
, each Unit. UNIT") shall consist of: (i) a $100,000 12% convertible promissory note ("Notes"); (ii) 100,000 common stock purchase warrants ("WARRANTS"); and (iii) 10,000 shares of the Company's common stock, par value $0.001 per share ("COMMON STOCK"). The Units, the Notes, the Warrants and the Common Stock are sometimes referred to herein as the "PRIVATE PLACEMENT SECURITIES" or the "SECURITIES." The investors introduced by Maxim to the Company in connection with the financing contemplated hereunder are referred to herein each as an "INVESTOR" and collectively as the "INVESTORS."
Examples of , each Unit in a sentence
The Voting Members shall have one vote for ------------------------ each Unit held by them, and shall be entitled to vote on any matter on which the vote of the Voting Members or the Members as a whole, as the case may be, is taken or is required by the Articles of Organization, this Agreement, the Iowa Act or other applicable law.
At or prior to the Closing, Seller shall ------ deliver to the Operating Partnership a Limited Partner Signature Page in substantially the form attached hereto as Exhibit "N" executed by ----------- each Unit Recipient.