Monthly Costs definition
Examples of Monthly Costs in a sentence
Monthly Costs is defined in accordance with, and calculated pursuant to, Section 7.1 hereof.
If, on the basis of the statement submitted pursuant to this Section 7.5, the actual aggregate Monthly Costs or other amounts payable by the Purchaser for any Power Supply Year are less than the amount therefor which Purchaser has been billed, SCPPA shall, unless otherwise directed by Purchaser with respect to moneys owed to it, credit such excess against Purchaser’s next monthly Billing Statement.
Notwithstanding the foregoing, the amount of each monthly Step-Up Invoice provided to a non-Defaulting Participant shall not exceed 100% of the aggregate amount of Monthly Costs that such non-Defaulting Participant was billed in its Billing Statement for the Month preceding such monthly Step-Up Invoice.
If, on the basis of the statement submitted pursuant to this Section 7.5, the actual aggregate Monthly Costs or other amounts payable by the Project Participants for any Power Supply Year are less than the amount therefor which Project Participants have been billed, SCPPA shall, unless otherwise directed by Purchaser or the other Project Participants with respect to moneys owed to each, credit such excess against Purchaser’s and the other Project Participants' next monthly Billing Statement.
Cost Share multiplied by the Reserve Fund cost component of Total Monthly Costs (as provided in Section 4.8.3 hereof) for such Month.