Common use of Obligation to Pay Clause in Contracts

Obligation to Pay. For Seller’s full compensation under this Agreement, during the Term, Buyer shall make a monthly payment (a “Monthly Contract Payment”) calculated in accordance with Exhibit D. Payment Adjustments. Buyer shall adjust each Monthly Contract Payment to Seller to account for: Scheduling Fees owed by Seller to Buyer, as set forth in Exhibit G; Any SDD Adjustment, as set forth in Exhibit K; Any Forecast penalties owed by Seller to Buyer, as set forth in Exhibit I; Any CAISO Charges owed by Seller to Buyer, as set forth in Exhibit J; Any Physical Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit L; Any SC Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit M; Any payment adjustments (including adjustments to CAISO Charges) provided for under this Agreement; Any Governmental Charges owed by either Party to the other Party, as set forth in Section 8.02; The agreement of the Parties that Buyer shall have no liability to make any energy payments to Seller for any electricity deliveries from the Generating Facility in a Term Year that exceed 120% of Expected Term Year Energy Production; If Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement, any payment adjustments provided for under Exhibit S; and Any payment adjustments resulting from Buyer-instructed curtailments, as set forth in Exhibit U. During the Term, any payment adjustments will be added to or deducted from a subsequent regular Monthly Contract Payment that is made by Buyer to Seller after the expiration of a 30-day period which begins upon Xxxxx’s receipt of all of the information required in order to calculate payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement). After the Term End Date, Buyer shall invoice Seller for all payment adjustments within 60 days of Buyer’s receipt of all of the information required in order to calculate payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement).

Appears in 7 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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Obligation to Pay. For Seller’s full compensation under this Agreement, during the Term, Buyer shall make a monthly payment (a “Monthly Contract Payment”) calculated in accordance with Exhibit D. Payment Adjustments. Buyer shall adjust each Monthly Contract Payment to Seller to account for: Scheduling Fees owed by Seller to Buyer, as set forth in Exhibit G; Any SDD Adjustment, as set forth in Exhibit K; Any Forecast penalties owed by Seller to Buyer, as set forth in Exhibit I; Any CAISO Charges owed by Seller to Buyer, as set forth in Exhibit J; Any Physical Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit L; Any SC Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit M; Any payment adjustments (including adjustments to CAISO Charges) provided for under this Agreement; Any Governmental Charges owed by either Party to the other Party, as set forth in Section 8.02; The agreement of the Parties that Buyer shall have no liability to make any energy payments to Seller for any electricity deliveries from the Generating Facility in a Term Year that exceed 120% of Expected Term Year Energy Production; If Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement, any and Any payment adjustments provided for to determine Buyer’s payment to Seller for GHG Compliance Costs and GHG Charges under Exhibit S; and Any payment adjustments resulting from Buyer-instructed curtailmentsSRAC. Unless otherwise required in SRAC, as set forth in Exhibit U. During during the Term, any payment adjustments will be added to or deducted from a subsequent regular Monthly Contract Payment that is made by Buyer to Seller after the expiration of a 30-day period which begins upon Xxxxx’s receipt of all of the information required in order to calculate payment adjustments (unless adjustments. Unless otherwise provided for required in Exhibit SSRAC, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement). After after the Term End Date, Buyer shall invoice Seller for all payment adjustments within 60 days of Buyer’s receipt of all of the information required in order to calculate payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustments.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

Obligation to Pay. For Seller’s full compensation under this Agreement, during the Term, Buyer shall make a monthly payment (a “Monthly Contract Payment”) calculated in accordance with Exhibit D. C. Payment Adjustments. Buyer shall adjust each Monthly Contract Payment to Seller to account for: Scheduling Fees owed by Seller to Buyer, as set forth in Exhibit GE; Any SDD Adjustment, as set forth in Exhibit K; Any Forecast penalties owed by Seller to BuyerAdjustment or SDD Administrative Charge, as set forth in Exhibit I; Any CAISO Charges owed by Seller to Buyer, as set forth in Exhibit J; Any Physical Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit L; Any SC Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit MH; Any payment adjustments (including adjustments to CAISO Charges) provided for under this Agreement; Any Governmental Charges owed by either Party to the other Party, as set forth in Section 8.02; and The agreement of the Parties that Buyer shall have no liability to make any energy payments to Seller for any electricity deliveries from the Generating Facility in a Term Year that exceed one hundred and twenty percent (120% %) of Expected Term Year Energy Production; If Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement, any payment adjustments provided for under Exhibit S; and Any payment adjustments resulting from Buyer-instructed curtailments, as set forth in Exhibit U. . During the Term, any payment adjustments will be added to or deducted from a subsequent regular Monthly Contract Payment that is made by Buyer to Seller after the expiration of a 30-day period which begins upon Xxxxx’s receipt of all of the information required in order to calculate the payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustment. After the Term End Date, Buyer shall invoice Seller for all any payment adjustments within 60 sixty (60) days of Buyer’s receipt of all of the information required in order to calculate the payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustment.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

Obligation to Pay. For Seller’s full compensation under this Agreement, during the Term, Buyer shall make a monthly payment (a “Monthly Contract Payment”) calculated in accordance with Exhibit D. Payment Adjustments. Buyer shall adjust each Monthly Contract Payment to Seller to account for: Scheduling Fees owed by Seller to Buyer, as set forth in Exhibit G; Any SDD Adjustment, as set forth in Exhibit K; Any Forecast payment reductions or penalties owed by Seller to Buyer, as set forth in Exhibit I; Any CAISO Charges or other charges owed by Seller to Buyer, in each case, as set forth in Exhibit J; Any Physical Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit L[Intentionally Omitted]; Any SC Trade Settlement Amount owed by either Party RA Deficit Payments pursuant to the other Party, as set forth in Exhibit MSection 3.02(d); Any payment adjustments (including adjustments to CAISO Charges) provided for under this Agreement; Any Governmental Charges owed by either Party to the other Party, as set forth in Section 8.028.2; The agreement of the Parties that Buyer shall have no liability to make any energy payments to Seller for any electricity deliveries from the Generating Facility in a Term Year that exceed 120% of Expected Term Year Energy Production; If Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement, any payment adjustments provided for under Exhibit S; and Any payment adjustments resulting from Buyer-instructed curtailments, as set forth in Exhibit U. . During the Term, any payment adjustments will be added to or deducted from a subsequent regular Monthly Contract Payment that is made by Buyer to Seller after the expiration of a thirty (30-) day period which begins upon Xxxxx’s receipt of all of the information required in order to calculate the payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustment. After the Term End DateDate and, if applicable, after the end of the Curtailed Return Term, Buyer shall invoice Seller for all any payment adjustments within 60 sixty (60) days of Buyer’s receipt of all of the information required in order to calculate the payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustment. Payment Statement and Payment.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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Obligation to Pay. For Seller’s full compensation under this Agreement, during the Term, Buyer shall make a monthly payment (a “Monthly Contract Payment”) calculated in accordance with Exhibit D. Payment Adjustments. Buyer shall adjust each Monthly Contract Payment to Seller to account for: Scheduling Fees owed by Seller to Buyer, as set forth in Exhibit G; Any SDD Adjustment, as set forth in Exhibit K; Any Forecast payment reductions or penalties owed by Seller to Buyer, as set forth in Exhibit I; Any CAISO Charges or other charges owed by Seller to Buyer, in each case, as set forth in Exhibit J; Any Physical Trade Settlement Amount owed by either Party to the other Party, as set forth in Exhibit L[Intentionally Omitted]; Any SC Trade Settlement Amount owed by either Party RA Deficit Payments pursuant to the other Party, as set forth in Exhibit MSection 3.02(d); Any payment adjustments (including adjustments to CAISO Charges) provided for under this Agreement; Any Governmental Charges owed by either Party to the other Party, as set forth in Section 8.02; The agreement of the Parties that Buyer shall have no liability to make any energy payments to Seller for any electricity deliveries from the Generating Facility in a Term Year that exceed 120% of Expected Term Year Energy Production; If Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement, any payment adjustments provided for under Exhibit S; and Any payment adjustments resulting from Buyer-instructed curtailments, as set forth in Exhibit U. . During the Term, any payment adjustments will be added to or deducted from a subsequent regular Monthly Contract Payment that is made by Buyer to Seller after the expiration of a thirty (30-) day period which begins upon Xxxxx’s receipt of all of the information required in order to calculate the payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustment. After the Term End DateDate and, if applicable, after the end of the Curtailed Return Term, Buyer shall invoice Seller for all any payment adjustments within 60 sixty (60) days of Buyer’s receipt of all of the information required in order to calculate the payment adjustments (unless otherwise provided for in Exhibit S, if Section 1.06(d) provides that Buyer has assumed some or all of the GHG Compliance Costs under this Agreement)adjustment.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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