Holding Payment definition
Holding Payment means an amount calculated in accordance with Schedule 8 (Holding Payment);
Examples of Holding Payment in a sentence
Specifically, the Seller may not seek to terminate this Agreement for failure of the Buyer to take Net Energy Output if a relatable Holding Payment has been made by the Buyer to the Seller and the Buyer shall not be liable to make any additional or further payments to the Seller, including pursuant to Clause 26.3(a) (Sole remedy) or Clause Error! Reference source not found.
The Buyer shall pay to the Seller the Holding Payment as compensation for any Energy that the Seller is unable to deliver to the Buyer at the Delivery Point during a Holding Period.