LMP Payment definition
LMP Payment. Means the Monthly payment paid by Seller to Buyer in accordance with Subsection 7.1, Energy Payment, which is equal to the sum of the products of (i) hourly Delivered Energy for the applicable Billing Month and (ii) the hourly day-ahead LMP for the CPNode associated with Seller's Plant for the applicable Billing Month.
Examples of LMP Payment in a sentence
This Agreement will terminate at the time specified in such notice and neither Party shall have any further obligations hereunder except for those obligations which survive such termination, including, but not limited to, the indemnity provided in Subsection 6.5. Commencing with the Commercial Operation Date and continuing for the term of this Agreement, Seller shall pay to Buyer the LMP Payment associated with Delivered Energy which Buyer is entitled to hereunder.