Developer’s Minimum Load Fee Sample Clauses

Developer’s Minimum Load Fee. With respect to the Developer’s Minimum Load, the Developer shall be obligated to pay its pro rata portion of the Total Project Costs based on the relation that the Developer’s Minimum Load bears to the total capacity of the Substation in MVA in accordance with the following formula (the “Developer’s Minimum Load Fee”): = ( ) + ′ 2 = ( $22,869,000) + $1,358,000 = $6,440,000 Where:
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Developer’s Minimum Load Fee. The Developer’s Minimum Load Fee shall be paid on the below dates subject to the City using good faith diligent efforts to complete the work under the Agreement: • Upon the commencement of demolition at the Substation site (the “Commencement Date”) • $681,531 • 90 days after Commencement Date • $1,000,889 • 240 days after the Commencement Date • $1,358,000 • 395 days after the Commencement Date • $681,530 All payments made under this Section 5(a) shall be applied to Developer's Minimum Load Fee, but shall not be applied to the Additional Load Fee (which shall be invoiced separately).
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Developer’s Minimum Load Fee. The Developer’s Minimum Load Fee minus Deposit already paid, shall be paid on the below dates subject to the City using good faith diligent efforts to complete the work under the Agreement: AIC Payment 1 [October 1, 2023] $6,873,552 AIC Payment 2 February 1, 2024 $2,875,000 AIC Payment 3 July 1, 2024 $2,875,000 True-Up Payment (if any) 30 days from Project completion True-Up Amount1 All payments made under this Section 5(a), together with the Deposit, shall be applied to Developer's Minimum Load Fee, but shall not be applied to the Additional Load Fee (which shall be invoiced separately).
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Developer’s Minimum Load Fee. With respect to the Developer’s Minimum Load, the Developer shall be obligated to pay its portion of the Substation Capacity Costs based on the Developer’s Minimum Load on a per MVA basis and the Total Distribution Facilities Costs in accordance with the following formula (the “Developer’s Minimum Load Fee”): Developer’s Minimum Load Fee = SC + TD Developer’s Minimum Load Fee = (DML x $612,016) + TD Developer’s Minimum Load Fee = (11.231 x $612,016) + $7,250,000 Developer’s Minimum Load Fee = $14,123,552 Where: DML = The Developer’s Minimum Load as of the date of this Agreement. SC = The sum of the Substation Capacity Costs TD = The Total Distribution Facilities Costs. The actual Total Distribution Facilities Costs shall be tracked by the City, and the Developer shall be issued a refund for any amounts not spent or invoiced for any amount spent in excess of the estimated Total Distribution Facilities Costs collected (the “True-up”), within thirty (30) days of Project completion.
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Related to Developer’s Minimum Load Fee

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000