Ramp Incentive Payment definition

Ramp Incentive Payment means an incremental [***] for all Systems achieving System Activation in the [***] period beginning on the Effective Date, so long as Installer achieves at least [***] System Activations within such [***] period.
View Source

Examples of Ramp Incentive Payment in a sentence

  • Following the close of the seven (7) month period provided in this Section 6.5, Installer shall submit to EverBright an application for the Ramp Incentive Payment for the applicable Systems which achieved System Activation during the seven (7) month period provided in this Section 6.5. EverBright will remit the applicable Ramp Incentive Payment to Installer following approval of the applicable application within fifteen (15) days.

  • Installer acknowledges and agrees if it does not achieve the Ramp Incentive System Activation Minimum Threshold Amount within the seven (7) month period set forth in this Section 6.5, EverBright shall not pay any Ramp Incentive Payment hereunder.

  • In the event Installer shall achieve System Activation for at least [***] under this Agreement within the first seven (7) month period beginning on the Effective Date (“Ramp Incentive System Activation Minimum Threshold Amount”), then EverBright shall pay to Installer the Ramp Incentive Payment for all such Systems that achieved System Activation during such seven (7) month period.