Slice Contract definition
Examples of Slice Contract in a sentence
As soon as reasonably practical after termination, the District shall determine whether to calculate the Slice Termination Payment by obtaining quotations (either firm or indicative) for a Replacement Slice Contract or to use the Alternative Determination Methodology.
If the District determines obtaining quotations is appropriate, then the District will endeavor to obtain quotations from three or more third parties selected by the District who, in the District’s reasonable discretion, are creditworthy, are qualified to enter into a Replacement Slice Contract, and are parties to a WSPP Agreement (each a “Qualified Bidder”).
It is expressly agreed that the District shall not be required to enter into a Replacement Slice Contract or any replacement transactions in order to determine the value of Purchaser’s Output for the purposes of calculating the Slice Termination Payment under this section.
If the Party owing money (“Owing Party”) elects to make payments over time to the other Party (“Receiving Party”), the Present Value Rate referenced in Section 22.3(b) in the WSPP Agreement and 16(d) in this or another Slice Contract shall not be reflected in determining the amounts to be paid.
Determine the total amounts unpaid for rendered performance by Party A to Party B under the Slice Contract in all months prior to the date of calculation, whether or not invoiced or due.
If in the Event of Default by Purchaser, the District terminates the Contract and obtains quotations or requests bids for a Replacement Slice Contract, the Purchaser shall pay to the District the agreed upon sum of $200,000 to cover the expenses of the District.
The District will then multiply the Remaining Current Delivery Period Output estimate by the Purchaser’s Slice Percentage for the current Delivery Period as set forth in Section 3 of the Slice Contract to establish the Current Delivery Period Remaining Replacement Quantity (MWh).
Assume median annual energy for the Rocky Reach Project and the Rock Island Project is 1,045aMW (net of CEAs and encroachment) and multiply by purchaser’s percentage for each respective Delivery Period, as shown in Section 3 of the Slice Contract, to determine the Purchaser’s median annual energy (aMW).
Determine the Purchaser’s Delivery Period Payments ($) as shown on Appendix B to the Slice Contract for each respective Delivery Period.
If in the Event of Default by Purchaser, the District terminates the Contract and obtains quotations or requests bids for a Replacement Slice Contract, the Purchaser shall pay to the District the agreed upon sum of $100,000 to cover the expenses of the District.