Calculate the Termination Payment Sample Clauses

Calculate the Termination Payment. Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems. Termination Payment = $262,518.18 The Termination Payment, if any, is due to Buyer as the Non-Defaulting Party within twenty (20) Business Days following notice by Buyer to Seller pursuant to Section 9.3. Unless Seller pays the Termination Payment in full during this twenty (20) Business Day period, Seller’s Performance Assurance held by Buyer shall be applied to the Termination Payment, with any excess amounts returned to Seller. For avoidance of doubt, the Non-Defaulting Party shall not owe any amount as Termination Payment to the Defaulting Party and payment of the Termination Payment shall only be from the Defaulting Party to the Non-Defaulting Party. Exhibit F-5-B Net Out of Settlement Amount Calculations Example (All Prices and Quantities are Illustrative only) The example provided below is for illustrative purposes only and has been simplified to facilitate the understanding of the Settlement Amount that Buyer shall calculate in the Event of Default with respect to Seller as the “Defaulting Party”, pursuant to Section 9.4. The example Settlement Amount calculated below reflects the Advance of Capital that has been received with respect to a Designated System, pursuant to Section 5.6. For purposes of this example, we assume the Settlement Amount was calculated on November 25, 2024.42 Designated System ID43 Energization Date44 Contract Nameplate Capacity (kW) Designated System Contract Maximum REC Quantity45 Contract Price ($/REC) REC Purchase Payment Amount 1115 7/15/2021 10 215 $85.10 $18,296.50 1116 9/10/2023 750 16,181 $43.42 $702,579.02 1117 1/15/2024 250 5,393 $46.85 $252,662.05 The table below gives information for each Designated System as of the date that the Settlement Amount was calculated. Designated System ID Collateral Requirement Advance of Capital Total Paid Number of RECs Paid Number of RECs Delivered Difference [RECs Paid – RECs Delivered] Settlement Amount 1115 $731.86 $0.00 $18,296.50 215 25 190 $16,900.86 1116 $30,445.09 $351,289.51 $497,660.14 11,461 500 10,961 $506,371.71 1117 $11,790.90 $0.00 $64,699.85 1,▇▇▇ ▇▇▇ ▇▇▇ $31,983.25 Termination Payment $555,255.82 With respect to a Designated System, Buyer shall calculate a Settlement Amount as the sum of: (A) Collateral Requirement of such Designated System; ...
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Calculate the Termination Payment. Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems. Termination Payment = $526,825.29 The Termination Payment, if any, is due to Buyer as the Non-Defaulting Party within twenty (20) Business Days following notice by Buyer to Seller pursuant to Section 9.3. Unless Seller pays the Termination Payment in full during this twenty (20) Business Day period, Seller’s Performance Assurance held by Buyer shall be applied to the Termination Payment, with any excess amounts returned to Seller. For avoidance of doubt, the Non-Defaulting Party shall not owe any amount as Termination Payment to the Defaulting Party and payment of the Termination Payment shall only be from the Defaulting Party to the Non-Defaulting Party.
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Calculate the Termination Payment. Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems. Termination Payment = $555,255.82
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Calculate the Termination Payment. Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems. Termination Payment = $949,002.62 The Termination Payment, if any, is due to Buyer as the Non-Defaulting Party within twenty (20) Business Days following notice by Buyer to Seller pursuant to Section 9.3. Seller’s Performance Assurance held by Buyer shall be applied to the Termination Payment with any excess amounts return to Seller unless Seller pays the Termination Payment in full during this twenty (20) Business Day period. For avoidance of doubt, the Non-Defaulting Party shall not owe any amount as Termination Payment to the Defaulting Party and payment of the Termination Payment shall only be from the Defaulting Party to the Non-Defaulting Party. 1 For avoidance of doubt, the IPA, the IPA endeavors to designate for the Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization; however, in the event that the IPA designates a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization, then the value for (a)(iv) and (b)(iv) shall be 13/12 and 167/12, respectively. 2 Under the Low-Income Distributed Generation Incentive sub-program, the End Use Customer shall be an eligible low-income residential customer. Under the Incentives for Non-Profits and Public Facilities sub-program, the End Use Customer shall be a non-profit or public-sector facility that is a critical service provider for the community and for which the Designated System’s output is primarily used to offset the electricity load of the building that such End Use Customer occupies. Examples of a critical service provider may include, but are not limited to, youth centers, hospitals, schools, homeless shelters, senior centers, community centers, places of worship, affordable housing providers including public housing sites. 3 For avoidance of doubt, the Price Adder related to the Community Solar Subscription Mix is applied only to the Non-Anchor Contract Price component of the Contract Price calculation, and the Price Adder related to a 100% Low-Income Subscriber Owned Project is applied to the overall Contract Price. 4 For avoidance of doubt, the information for purposes of making the calculation required for the Standing Order is submitted by Seller to the IPA a...
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Calculate the Termination Payment. Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems. Termination Payment = $949,002.62 The Termination Payment, if any, is due to Buyer as the Non-Defaulting Party within twenty (20) Business Days following notice by Buyer to Seller pursuant to Section 10.3. Unless Seller pays the Termination Payment in full during this twenty (20) Business Day period, Seller’s Performance Assurance held by Buyer shall be applied to the Termination Payment, with any excess amounts returned to Seller. For avoidance of doubt, the Non-Defaulting Party shall not owe any amount as Termination Payment to the Defaulting Party and payment of the Termination Payment shall only be from the Defaulting Party to the Non-Defaulting Party. Exhibit F-6-A Energy Sovereignty Payment Calculation Example (All Prices and Quantities are Illustrative only) The example provided below is for illustrative purposes only and has been simplified to facilitate the understanding of the Energy Sovereignty Payment that Seller shall receive with respect to a Designated System that is a Distributed Renewable Energy Generation Device for which Energy Sovereignty is applicable as indicated in Schedule A (and Schedule B), pursuant to Section 6.6(a). For purposes of this example, we assume the Designated System will be Energized on December 1, 2022.
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Related to Calculate the Termination Payment

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Termination Payments (a) In the event that the Employment Term is terminated for any reason other than by the Company without Cause or by the Employee with Good Reason: (A) the Company shall pay to the Employee any Base Salary accrued hereunder on or prior to the date of termination but not theretofore paid to the Employee; and (B) the Employee shall be entitled, in accordance with the terms and conditions of the applicable plan, program or arrangement, to all benefits accrued under any benefit plans, programs or arrangements in which the Employee shall be a participant as of the date of termination, including any Bonus earned, declared and payable (but not yet paid) in accordance with Section 3(b) hereof in respect of the then current fiscal year, or if the Bonus in respect of the then current fiscal year has not yet been earned, declared and become payable, in respect of the fiscal year ended immediately prior to the date of termination (the "Accrued Benefits"). Notwithstanding the foregoing, the Bonus amount in respect of fiscal year 2000 under Section 3(b) shall be deemed earned, declared and payable. (b) Subject to paragraph (c) of this Section 11 below, in the event that the Employment Term is terminated by the Company without Cause or by the Employee for Good Reason: (A) the Company shall pay to the Employee any Base Salary accrued hereunder on or prior to the date of termination but not theretofore paid to the Employee; (B) the Company shall pay the Employee a lump sum amount equal to two (2) times the Employee's annual Base Salary at the time of the Employee's termination of employment; (C) the Company shall pay the Employee an amount equal to two (2) times the Bonus paid (or to be paid) to the Employee for the then current fiscal year, or if the Bonus in respect of the then current fiscal year has not yet been earned, declared and become payable, in respect of the fiscal year preceding the fiscal year in which such termination occurs; and

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

  • Company Termination Fee (i) If this Agreement is terminated by the Company pursuant to Section 8.01(d) or by Parent pursuant to Section 8.01(e), the Company shall within three (3) Business Days after the date of such termination, pay Parent, as liquidated damages and not as a penalty and as the sole and exclusive remedy of Parent, Merger Sub I and Merger Sub II against the Company and its Subsidiaries and any of their respective Affiliates, shareholders or Representatives for any loss or damage suffered as a result of the failure of the Mergers to be consummated, the Company Termination Fee by wire transfer of immediately available funds. (ii) If this Agreement is terminated by either the Company or Parent pursuant to Section 8.01(c) or by Parent pursuant to Section 8.01(g) as a result of a breach of any covenant or agreement contained in this Agreement and (A) at any time after the date hereof and prior to the Company Shareholders Meeting or the breach giving rise to Parent’s right to terminate under Section 8.01(g), respectively, a Takeover Proposal shall have been publicly announced or publicly made known to the Company Special Committee or the shareholders of the Company or any Person shall have publicly announced an intention (whether or not conditional) to make a Takeover Proposal and such Takeover Proposal or such intent has not been publicly withdrawn or repudiated by such Person prior to the Company Shareholders Meeting or the breach, respectively, and (B) within twelve (12) months after such termination, the Company either consummates such Takeover Proposal or enters into a definitive agreement to consummate such Takeover Proposal and the Company thereafter consummates such Takeover Proposal (whether or not within such twelve (12) month period), then the Company shall upon the consummation of such Takeover Proposal, pay Parent, as liquidated damages and not as a penalty and as the sole and exclusive remedy of Parent, Merger Sub I and Merger Sub II against the Company and its Subsidiaries and any of their respective Affiliates, shareholders or Representatives for any loss or damage suffered as a result of the failure of the Mergers to be consummated, the Company Termination Fee by wire transfer of immediately available funds. (iii) Notwithstanding anything to the contrary contained in this Agreement, Parent’s right to receive payment of the Company Termination Fee pursuant to this Section 8.02(b) constitute the sole and exclusive remedy of Parent or any of its Affiliates against the Company, or any of its Affiliates or any of their respective partners, members, shareholders or Representatives for any and all losses that may be suffered based upon, resulting from or arising out of the circumstances giving rise to such termination, and upon payment of the Company Termination Fee in accordance with this Section 8.02(b), none of the Company or any of its Affiliates or any of their respective partners, members, shareholders or Representatives shall have any further liability or obligation relating to or arising out of this Agreement, the Mergers or the other transactions contemplated hereby.

  • Early Termination Fee After this contract goes into effect, if you terminate this contract for any reason, or switch your service to a different electricity generation supplier or default service supplier prior to the end of the contract term, you will be responsible for paying XOOM Energy an early termination fee in the amount of $500. This Early Termination Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electric power to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.