FIT Payments definition

FIT Payments means, as applicable, the Generation Payments and/or Export Payments and paid in accordance with section 3 of this document;
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FIT Payments any payments (including tariffs) payable under the FIT Order and the SLCS in respect of the renewable energy generated by the Equipment (whether exported to the Grid or not). IEE: Institution of Electrical Engineers which forms part of the Institution of Engineering and Technology Grid: the system for transmission of electricity (both local and high voltage) in England and Wales as operated by persons licensed by Ofgem.
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FIT Payments means, as applicable, the Generation Payments and where applicable Export Payments payable to the Generator by EDF Energy, as calculated pursuant to this Agreement;
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Examples of FIT Payments in a sentence

  • You must provide Us with details of a UK bank account into which We will pay Your FIT Payments, failing which We will pay You by cheque.

  • Suspending an Eligible Installation should not affect FIT Payments due to a FIT Generator or Nominated Recipient for other Eligible Installations.

  • If instructed to withhold payments, the FIT Licensee will continue to do so until notified by Ofgem that the suspension has been rescinded, or if Ofgem instructs them to recover or reduce FIT Payments.

  • Applicants are also required to provide proof of ownership of the installation to demonstrate they are the owner of the installation and therefore entitled to claim FIT Payments.

  • All FIT Licensees must ensure all FIT Payments are those that a FIT Generator or nominated recipient is entitled to.

  • Suspending an Eligible Installation should not affect FIT Payments for the FIT Generator or Nominated Recipient for other Eligible Installations.

  • FIT Licensees must not make any FIT Payments to a FIT Generator or Nominated Recipient if Ofgem informs the FIT Licensee that payments are to be suspended, or that a FIT Generator or Eligible Installation has been suspended or removed from the Central FIT Register.

  • In order to be eligible for FIT Payments under the FIT scheme, installations must also have a compliant generation and/or export meter in place ( see Appendix ten).

  • The Mandatory FIT Licensee will tell FIT Generators and Nominated Recipients it makes FIT Payments to, as soon as reasonably possible in the occurrence of an Insolvency Event.

  • A Continuity of FIT Payments Direction (CoFPD) may be issued if a Voluntary or Mandatory FIT licensee’s electricity supply licence is revoked, or if such a licensee becomes insolvent.


More Definitions of FIT Payments

FIT Payments means the Generation Payments and, if applicable, Export Payments;
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FIT Payments any payments (including tariffs) payable under the FIT Order and the SLCS in respect of the renewable energy generated by the Equipment (whether exported to the Grid or not). Grid: the system for transmission of electricity (both local and high voltage) in England and Wales as operated by persons licensed by Ofgem.
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FIT Payments mean the Generation Payments, Export Payments, or both.
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Related to FIT Payments

  • Debit Payment means a particular transaction where a debit is made.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Payments has the meaning set forth in Section 8.11.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Bonus Payments means that portion of the bonus payments received by the

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

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Earnout Payments has the meaning specified in Section 2.7.