Power Payment definition

Power Payment means, for each Power Transaction, an amount equal to the Contract Price multiplied by the Contract Quantity pursuant to such Power Transaction.
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Power Payment means, each month, an amount equal to the sum of: (a) the Datacenter Power Payment and (b) the Uplift Power Payment.
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Power Payment shall have the meaning set forth in Section 5. Site has the meaning given in the Recitals of this Agreement.
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Examples of Power Payment in a sentence

  • The Power Producer shall invoice Purchaser on the first day of each month (each, an "Invoice Date") commencing on the first Invoice Date to occur after the Commercial Operation Date, for the Solar Power Payment in respect of the immediately preceding month.

  • SPD shall invoice Buying Entity on the first day of each month (each, an "Invoice Date") commencing on the first Invoice Date to occur after the Commercial Operation Date, for the Solar Power Payment in respect of the immediately preceding month.

  • The SPD will invoice Purchaser on the first day of each month (each, an “Invoice Date”), commencing on the first Invoice Date to occur after the Commercial Operation Date, for the Solar Power Payment in respect of the immediately preceding month.

  • Each month, starting after the applicable Commencement Date, Tenant will be charged Tenant’s Power Payment (as defined on Schedule “I”), as Additional Rent, which shall equal the cost of electricity actually consumed by the Building, including all Data Halls and ancillary spaces and Common Areas, subject to the terms of Schedule “I” attached hereto.

  • Tenant shall pay for all electricity provided as Critical Load Power to the Datacenter Space and required to operate the Shared Electrical and Mechanical Equipment in accordance with this Section 4.1.2. Except to the extent provided otherwise in Exhibit “J” attached hereto, the Electrical Metering Equipment shall be installed by Landlord at Landlord’s cost and Landlord shall b▇▇▇ Tenant monthly for the Power Payment.

  • Tenant shall pay the Power Payment to Landlord, as Additional Rent (defined below), within thirty (30) days of delivery of a written invoice with respect to each such Power Payment.

  • Tenant shall pay the Power Payment to Landlord, as Additional Rent, within thirty (30) days of delivery of such Power Payment invoice.

  • For the avoidance of doubt, it is the intent of the Parties that this Section 4.1.2 represents a mechanism only for Landlord’s cost recovery with regard to electricity provided to and/or used in or with respect to the Premises, and that there is no intent for Tenant’s Power Payment to include any element of profit to the Landlord in connection therewith.

  • Landlord and Tenant acknowledge that the Uplift Power Payment is intended to reimburse Landlord for electricity used by Shared Electrical and Mechanical Equipment.

  • The SPD shall invoice Purchaser on the first day of each month (each, an "Invoice Date") commencing on the first Invoice Date to occur after the Commercial Operation Date, for the Solar Power Payment in respect of the immediately preceding month.


More Definitions of Power Payment

Power Payment means, each month, an amount equal to (a) the actual Electrical Costs for all electrical energy delivered as Critical Power to the Datacenter Space and Infrastructure (as measured by the Electrical Metering System) multiplied by (b) the PUE (which shall be 1.3 unless otherwise specified on a Service Order).
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