Standby Price definition
Examples of Standby Price in a sentence
The ten percent (10%) adder is reflected in the Standby Price amounts shown in Attachment 2.
This Agreement may be terminated upon written agreement of both parties at a time specified by such agreement; provided that Participant may still recover Eligible Costs (Standby Price) and Incentive Factor payments already accrued prior to termination pursuant to this section.
The amount of the Interim Weekly Payment is equal to (i) the Standby Price that corresponds to the calendar month for each day in the seven-day period or portion thereof multiplied by (ii) the number of hours for each day in that seven-day period or portion thereof that falls within the calendar month to which the Standby Price applies.
This Agreement may be terminated upon written agreement of both parties at a time specified by such agreement; provided that Participant may still recover Eligible Costs (in accordance with the Hourly Standby Price) and Incentive Factor payments already accrued prior to termination pursuant to this Section.
At the Standby Closing, the Company shall, in cash or by deduction from the aggregate Standby Price payable by the Standby Purchaser (or its designee) to the Company, (i) pay the Standby Purchaser $750,000 for the Standby Purchaser’s guarantee of the Rights Offering (the “Standby Fee”) and (ii) reimburse the Standby Purchaser for all of its reasonable out-of-pocket legal and professional fees and expenses in connection with this Agreement and the Standby Offering.
Subject to the execution of the CPS Agreements, for each day during the Term following the date on which each of the Mobile Generators is modeled in ERCOT’s systems, ERCOT shall pay CPS Energy, Contractor’s designated QSE, a “Standby Payment” in an amount equal to (i) the number of hours in such day multiplied by (ii) the Standby Price with respect to each calendar month identified in Attachment 2, which Standby Price is subject to adjustment by the mutual, written agreement of the Parties.
At the Standby Closing, the Company shall deliver or cause to be delivered to the Standby Purchaser (or its designees) evidence of book-entry records representing the shares of Common Stock issued to the Standby Purchaser (or its designees) and the Standby Purchaser shall deliver (or cause to be delivered) to the Company, in cash or other immediately available funds, the aggregate Standby Price relating to such shares of Common Stock.
If and to the extent Unsubscribed Shares that are offered to the Company’s holders of Common Stock and Eligible Warrants are not subscribed for in the Rights Offering, the Standby Purchaser hereby agrees to purchase from the Company, or to cause its controlled Affiliates to purchase from the Company, all such Unsubscribed Shares at the Standby Price (the “Commitment Amount”).
The Standby Price with respect to each calendar month has been determined based on the categories of costs identified by Contractor and CPS Energy to ERCOT, as identified in Attachment 3, and the anticipated timing of such costs as of the Effective Date.
This Agreement may be terminated upon written agreement of both parties at a time specified by such agreement; provided that provided that Participant may still recover Eligible Costs (Standby Price) and Incentive Factor payments already accrued prior to termination pursuant to this section.