Performance Payment Rate definition

Performance Payment Rate. The Performance Payment Rate will equal the Contractor’s proposed Bid Price (identified in Exhibit A) multiplied by by 3⅓. For example, if the bid price for potential generation is $0.03 per kWh the Performance payments would be based on a rate of $0.03 multiplied by 3⅓ which computes to Performance Period: The period of this Agreement that commences on the date approved by NYSERDA in the Project Commissioning Report and includes and continues through completion of the QA/QC activities required by the approved QA/QC Plan.
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Examples of Performance Payment Rate in a sentence

  • Capacity Performance Payment Rate is a rate used in calculating Capacity Performance Payments, as described in Section III.13.7.2.5 of Market Rule 1.

  • The Contractor will be paid based on 3 years of metered electricity production from each of the power generation projects in the proposed demonstration project portfolio in an amount equal to the Performance Payment Rate multiplied by the number of demonstrated kWh produced and metered as described in the approved QA/QC Plan.

Related to Performance Payment Rate

  • Incentive Payment means the payments made pursuant to Section VII.E.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Performance Fee means a performance fee in such amount as shall be agreed between the ICAV and/or the Manager and the Investment Manager which shall be disclosed in the Prospectus.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.