Monthly Contract Payment definition
Examples of Monthly Contract Payment in a sentence
The Fixed Price Component of the Monthly Contract Payment shall be the amount in the following table for the year in which the payment is being calculated.
Buyer’s payment to Seller, in accordance with Section 9.15, in the net dollar amount owed to Seller for the month (less any overpayments by Buyer of Seller’s GHG Compliance Costs, if any, under Section 4.04 in any calendar month); provided, however, in the event the statement shows a net amount owed to Buyer, Seller shall pay such amount within 20 days of the statement date or, if Seller fails to make such payment, Buyer may offset this amount from a subsequent Monthly Contract Payment.
During the Term, any payment adjustments will be added to or deducted from a subsequent regular Monthly Contract Payment that is made by Buyer to Seller after the expiration of a 30-day period which begins upon ▇▇▇▇▇’s receipt of all of the information required in order to calculate payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement).
If the Generating Facility is located in a “High-Value Area” as set forth below, each Monthly Contract Payment for the entire Term shall receive a Location Bonus calculated as follows: Location Bonus = Sum of monthly ▇▇▇ Periodn Payments * 0.10 The Generating Facility shall be deemed to be located in a High-Value Area if it is interconnected to Buyer’s electric system at a location which, in the year of the Effective Date, is identified pursuant to CPUC D.
A statement showing: ▇▇▇ Period subtotals and overall monthly totals for each of the items set forth in Section 4.03(a)(i); A calculation of the Monthly Contract Payment, as set forth in Exhibit D; A calculation of any payment adjustments pursuant to Section 4.02; If Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement, a calculation of any payment adjustments pursuant to Exhibit S; and A calculation of the net dollar amount due for the month.
Seller acknowledges and agrees that so long as the Monthly Contract Payment is determined in accordance with the Applicable QF 20MW Settlement Contract Payment Provisions, Seller shall be obligated to comply with and be bound by all such Applicable QF 20MW Settlement Contract Payment Provisions and such Applicable QF 20MW Settlement Contract Payment Provisions shall be deemed to be terms of this Agreement.
The Monthly Contract Payment for the Power Product is set forth in Exhibit B.
Each Monthly Contract Payment is calculated on a calendar month basis in dollars as follows: ▇▇▇ Period payment 1st ▇▇▇ Period + ▇▇▇ Period payment 2nd ▇▇▇ Period + ▇▇▇ Period payment 3rd ▇▇▇ Period + Location Bonus All ▇▇▇ Period Payments shall be calculated as set forth in Section 2 of this Exhibit B.
Seller elects one of the following: (a) (b), provided however, that this Section 1.09 shall not be applicable when the Monthly Contract Payment is calculated in accordance with Exhibit B (1).
Buyer shall adjust each Monthly Contract Payment in accordance with the terms of this Agreement, including making adjustment for the fees set forth in Section 1.08 and any CAISO Charges.