Monthly Obligation Payment definition

Monthly Obligation Payment means the monthly payment due from LSE to NYSERDA. The Monthly Obligation Payment is calculated as the wholesale load, for the prior month, in MWh, multiplied by the Tier 2 Charge, multiplied by a load modifier rate as applicable based on the LSE. NYSERDA and the LSE will jointly determine the load modifier rate for each Compliance Year.

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Monthly Obligation Payment has the meaning set forth in Section 2.2.

Monthly Obligation Payment means the monthly payment due from LSE Party to NYSERDA, calculated as the product of (i) the wholesale load served by LSE Party, in MWh, for the applicable month based on NYISO Version 1 data; as adjusted by the Load Modifier Projection, if any, applicable to the LSE Party, multiplied by (ii) the LSE Party BES Rate.

Examples of Monthly Obligation Payment in a sentence

• Payments in the amount of the Monthly Obligation Payment shall be due to NYSERDA within fifteen (15) days of the invoice date.

• NYSERDA will provide invoices to the LSE Buyer on a monthly basis for the Monthly Obligation Payment.

• Details regarding the calculation of the Monthly Tier 4 REC Price and Monthly Obligation Payment are set forth in Schedule 2.2, which schedule may be updated and revised over the term of this Agreement upon mutual consent of the Parties.

• NYSERDA may enforce this Agreement and pursue the collection of any unpaid portion of the Monthly Obligation Payment, Annual Settlement Payment or any other amounts due to NYSERDA under this Agreement by referring the matter to the New York State Attorney General or by any other legal means.

More Definitions of Monthly Obligation Payment

Monthly Obligation Payment means the monthly payment due from LSE Buyer to NYSERDA, calculated as the product of (i) the wholesale load served by LSE Buyer, in MWh, for the applicable month based on NYISO Version 1 data or such other data generally used by NYGATS for similar purposes at such time, as adjusted by the Load Modifier Projection, if any applicable to the LSE Buyer, multiplied by (ii) the LSE Tier 4 REC Rate.