Resource Payment definition

Resource Payment means the conditional payment described in Section 4.3(b);
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Examples of Resource Payment in a sentence

  • The Resource Payment shall be made by wire transfer in immediately available funds to the account designated by Seller.

  • The Buyer and/or Buyer Guarantor may, at its election, at any time make the Resource Payment in advance of any Resource Milestone.

  • All payments under this clause 3.6(b) must be made in Immediately Available Funds without counter-claim or set-off within ten (10) Business Days after the Final Resource Payment Date.

  • The Company shall pay an annual Resource Payment Fee for land in a Production Area of US$12.50 per hectare from the date the Company designates such area as a Proposed Production Area to but not including the tenth anniversary of such date, and of US$25.00 per hectare from the tenth anniversary of such date through the end of the term of the Mining License, as such term may from time to time be extended as contemplated by Section 5.8.

  • Purchaser has sufficient funds, or Purchaser has made arrangements to ensure that it will have sufficient funds, to pay the Upfront Purchase Price, Mines Act Permit Payment, and Resource Payment as they become due and payable.

  • The Buyer may, at its election, at any time make the Resource Payment in advance of any Resource Milestone.

  • The date on which that notification is given is the “Trigger Date” in relation to the Final Resource Payment.

  • The date on which that notification is given is the “Trigger Date” in relation to the Interim Resource Payment.

  • If the Seller fails to give notice under this clause 3.6(a) prior to the date specified in clause 3.6(a)(ii), the “Trigger Date” in relation to the Final Resource Payment shall be the date specified in clause 3.6(a)(ii).

  • If no objection to the Resource Notice is delivered, in writing, to Purchaser by the Vendors’ Representative within the Review Period, the calculation of the Resource Payment reflected in the Resource Notice shall be deemed to have been approved as of the last day of the Review Period.

Related to Resource Payment

  • Annual Resource Price Adder means, for Delivery Years starting June 1, 2014 and ending May 31, 2017, an addition to the marginal value of Unforced Capacity and the Extended Summer Resource Price Adder as necessary to reflect the price of Annual Resources required to meet the applicable Minimum Annual Resource Requirement.

  • Service Payment has the meaning given to it in clause 9.1;

  • Total resource cost test or "TRC test" means a standard that is met if, for an investment in energy efficiency or demand-response measures, the benefit-cost ratio is greater than one. The benefit-cost ratio is the ratio of the net present value of the total benefits of the program to the net present value of the total costs as calculated over the lifetime of the measures. A total resource cost test compares the sum of avoided electric utility costs, representing the benefits that accrue to the system and the participant in the delivery of those efficiency measures, as well as other quantifiable societal benefits, including avoided natural gas utility costs, to the sum of all incremental costs of end-use measures that are implemented due to the program (including both utility and participant contributions), plus costs to administer, deliver, and evaluate each demand-side program, to quantify the net savings obtained by substituting the demand-side program for supply resources. In calculating avoided costs of power and energy that an electric utility would otherwise have had to acquire, reasonable estimates shall be included of financial costs likely to be imposed by future regulations and legislation on emissions of greenhouse gases.

  • Natural Resource Damages or “NRD” means any damages recoverable by the United States or the State on behalf of the public for injury to, destruction of, or loss or impairment of Natural Resources at the Site as a result of a release of hazardous substances, including but not limited to: (i) the costs of assessing such injury, destruction, or loss or impairment arising from or relating to such a release; (ii) the costs of restoration, rehabilitation, or replacement of injured or lost natural resources or of acquisition of equivalent resources; (iii) the costs of planning such restoration activities; (iv) compensation for injury, destruction, loss, impairment, diminution in value, or loss of use of natural resources; and (v) each of the categories of recoverable damages described in 43 C.F.R. § 11.15 and applicable state law.

  • Resource recovery means the recovery of material or energy from solid waste.