Alternative Calculation to Monthly Fee Clause Samples

Alternative Calculation to Monthly Fee. At BioAmber’s option, upon first providing LANXESS at least six (6) months of written advance notice, BioAmber Sarnia may opt to pay LANXESS in natural gas in lieu of the financial Monthly Fee for its Monthly Steam Take; and if BioAmber Sarnia elects to do so: (i) As BioAmber Sarnia takes Steam hereunder, it shall, at no cost to LANXESS, deliver natural gas of the quality specified by the natural gas transporter on a pass through basis to the burner tip at TransAlta for LANXESS’ account at a natural gas to Steam multiplier of [***] MMBtu natural gas (HHV)/MMBtu Steam multiplied by BioAmber Sarnia’s actual Steam take (Net Enthalpy) (hereinafter, “Gas Deposit”); (ii) BioAmber Sarnia shall provide LANXESS with written confirmation of such Gas Deposits to LANXESS’ reasonable satisfaction; and (iii) At the end of each Month, all Gas Deposits made by BioAmber Sarnia in the Month shall be totaled (hereinafter, “Total Monthly Gas Deposits”). If BioAmber Sarnia’s Total Monthly Gas Deposits for the Month is less than the product of BioAmber Sarnia’s Monthly Steam Take x [***], then BioAmber Sarnia shall pay LANXESS an amount calculated as follows: Amount payable = DF x FCT x LCN in which,
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Related to Alternative Calculation to Monthly Fee

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  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Monthly Fees ACS will ▇▇▇▇ Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • Interest Rates Payments and Calculations (a) Interest Rates. From the Effective Date, all Obligations charged to the Loan Account with respect to the Loans shall, subject to Section 2.5(c)(ii), bear interest payable in cash on the Outstanding Amount at a rate per annum equal to ABR plus the Applicable Margin and shall be payable in accordance with Section 2.5(c).

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.