Examples of QCiL Compensation in a sentence
A QCiL Net Costs/Savings Adjustment, QCiL Lost Revenues Adjustment, QCiL Construction Payment or QCiL Operations Cessation Payment shall be calculated at and be effective from the QCiL Compensation Date.
The Strike Price adjustment referred to in Clause 24.5 shall be by an amount expressed in pounds per MWh equal to the net present value as at the QCiL Compensation Date (applying the Discount Rate) of the QCiL Net Operating Costs or QCiL Net Operating Savings, as applicable, in the period from and including the QCiL Compensation Date to the end of the Term, divided by the Effective Projected Generation as at that date.
QCiL Compensation: The form of the QCiL Compensation provisions in the DPA may be based on the AR3 CfD and may broadly follow the 'no better, no worse' principles of the AR3 CfD (i.e. to place the parties in the position they would have been in had the QCiL not occurred).
Qualifying Change in Law (QCiL) See 5.1. For QCiL Compensation, see 5.2. Qualifying Shutdown Events See 5.3. CO2 Transport and Storage For CO2 T&S Commissioning Delay Relief, see 2.7. For the treatment of CO2 T&S Outage Relief Events, see 4.19.