LEC Payment definition
Examples of LEC Payment in a sentence
For the twelve (12) months following the Effective Date, no later than thirty (30) days after the receipt of each LEC Payment, and at all times thereafter, no later than five (5) days after the receipt of each LEC Payment, Borrowers shall provide to Lender the back-up data evidencing the exact amount of each such LEC Payment which is owed to Wholesale Billing and Collection Customers.
On the last business day of each ----------------------------- calendar week commencing after the Closing Date, ACI shall deliver to the Seller cash in an amount equal to the ACI LEC Payment for each LEC for which the LEC Payment Date occurred during such calendar week.
Section ------------------------------------------------------ 3.03(g) of the Purchase Agreement is hereby amended to read in its entirety as follows: The portion of the Cash Payment payable pursuant to Section 2.05(e), --------------- plus the ACI LEC Payment for each LEC whose LEC Payment Date is on or ---- before the Closing Date.
The Supplier shall pay to the Authority in respect of each Transferred ROC, Transferred LEC, Transferred ▇▇▇▇ and Transferred New Benefit (as appropriate): the ROC Payment; the Buy-Out Fund Payment, Late Payment Fund Payment and Mutualisation Fund Payment, as appropriate; the LEC Payment; the ▇▇▇▇ Payment; and the New Benefit Payment, Such amounts shall be included in the next Monthly Generator PPA Statement and Monthly Generator PPA Invoice following delivery of the relevant Benefits.
Within 10 (ten) business days after the final -------------------- LEC Payment Date, the Seller shall deliver to ACI cash in an amount equal to the difference between (i) the amounts assumed by ACI under Section 2.03(c) of the Purchase Agreement, and (ii) the aggregate amount of the LEC Deposits.
LEC Payment for each LEC that is Transferred, an amount equal to the CCL Rate for that LEC multiplied by the LEC Percentage.