Monthly Capacity Payment definition

Monthly Capacity Payment or “MCP” has the meaning ascribed to it in Exhibit F.

Monthly Capacity Payment has the meaning set forth in Section 5.1.2. “Moody’s” shall mean Xxxxx’x Investor Services, Inc.

Monthly Capacity Payment has the meaning set forth in Section 4.1(b).]

Examples of Monthly Capacity Payment in a sentence

• Commencing on the last day of the month in which the Commercial Operation Date occurs, Buyer shall, subject to Section 5.1.4, pay to Seller in arrears a Capacity Payment equal to the greater of (i) the Monthly Capacity Payment as determined in Section 5.1.2, or (ii) the Minimum Monthly Capacity Payment as determined in Section 5.1.3.

• For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“Monthly Capacity Payment”): MCP = CC x CP x SF x AAF Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Term.

• During any month, the “Minimum Monthly Capacity Payment” shall equal the amount determined by the following formula: Minimum Monthly Capacity Payment = CC × 1000 × CPR × [?%], where: CC = the Contract Capacity; CPR = Capacity Payment Rate; and % = [?].

• With respect to any month in which the calculated Monthly Capacity Payment is less than the Minimum Monthly Capacity Payment, the difference between the two payment amounts shall be set forth in a separate account (the amount in such account is referred to herein as the “Capacity Payment Shortfall”).

• The Capacity Payment Shortfall shall be increased by interest at the Prime Rate divided by 365 on the maximum amount of the Capacity Payment Shortfall on that day and shall be recovered by Buyer as a credit against the otherwise applicable Monthly Capacity Payment owed to Seller in any following month and by drawing on the Carry-Over-Letter of Credit as provided below.

More Definitions of Monthly Capacity Payment

Monthly Capacity Payment has the meaning set forth in Section 9.2.

Monthly Capacity Payment or “MCP” means the payment for Capacity calculated in accordance with Appendix A.

Monthly Capacity Payment has the meaning set forth in Appendix XIV. [For Dispatchable Product only]

Monthly Capacity Payment means the payment required to be made by Buyer to Seller each month of the Delivery Term as compensation for the Product, as calculated in accordance with Exhibit C.

Monthly Capacity Payment means the payment required to be made by CCP to Project Developer each month of the Delivery Term as compensation for the Product, as calculated in accordance with Exhibit C of the ESSA.

Monthly Capacity Payment means the payment required to be made by Buyer to Seller each month of the Delivery Term as compensation for the provision of Effective Storage Capacity and Capacity Attributes associated with the Storage Facility, as calculated in accordance with Exhibit C.

Monthly Capacity Payment means, for each Month of the Effective Term, the amount payable by the Buyer to the Owner for the Committed Capacity of all Units during such Month, as calculated in accordance with Schedule C;