Output Price definition
Examples of Output Price in a sentence
At any time during the Service Term, if the System is capable of generating and delivering Output to Host Customer, but Host Customer does not or cannot accept delivery of such Output, then Host Customer agrees to pay System Owner the sum of the product of (i) the number of kWh of Electricity not delivered or accepted, determined on the basis of the Output estimates provided in Schedule C to a Project Agreement, multiplied by (ii) the then applicable Output Price.
On or before the 10th day of the first month following the end of each Contract Year, System Owner shall prepare a statement setting forth the amount of Output as delivered (or deemed delivered) to Host Customer during the prior Contract Year relative to the “Estimated Solar generated output per year in kWh” provided in Table 1 of this Schedule C (the “Estimated Output”), and the total value of the Output based on the Output Price.
The Price shall be the total compensation owed by Buyer for the Output delivered or tendered to Buyer during the period of delivery of any Test Energy and during the Delivery Term, as adjusted as follows: Overproduction Output Price.
The applicable Output Price shall be ascertained by reference to the volume banding mechanism described in paragraphs 2.9.2, 2.10 and 3 below.
Subject to the terms of the Contract, the Authority shall pay the Supplier the applicable Output Price for each Output that is achieved in accordance with the requirements of the Contract.
The applicable Output Price payable to the Supplier referred to in paragraph 2.9 shall be determined by the volume banding within which the total number of Monthly Outputs falls, as shown in Appendix 1.