Common use of Fixed Payment Clause in Contracts

Fixed Payment. 9.1.1 Beginning with the Day immediately following the Commercial Operations Date, GPL shall pay to the Company Monthly, in arrears, an amount, as calculated and adjusted in accordance with this Clause 9.1 and Schedule 2, equal to the Fixed Payment. 9.1.2 If the Commercial Operations Date shall occur on a Day other than the first (1st) Day of a Month or if the Dependable Capacity shall be tested on a Day other than the first (1st) Day of a Month, then the Fixed Payment payable for the Month in which either of such Days occurs shall be equal to the sum of (a) the Fixed Payment payable for such Month based on the Dependable Capacity prior to such Day multiplied by a fraction, the numerator of which is the number of Days in such Month prior to and including the Commercial Operations Date or the Dependable Capacity test date, as appropriate, and the denominator of which is the total number of Days in such Month, and (b) the Fixed Payment payable for such Month based on the Dependable Capacity after such Day multiplied by a fraction, the numerator of which is the number of Days after the Commercial Operations Date or the Dependable Capacity test date, as appropriate, and the denominator of which is the total number of Days in such Month. 9.1.3 The amount of the Fixed Payment shall be adjusted from time to time in accordance with Schedule 2.

Fixed Payment. 9.1.1 9.2.1 Beginning with the Day immediately following the Commercial Operations Date, GPL JPS shall pay to the Company Monthly, in arrears, an amount, as calculated and adjusted in accordance with this Clause 9.1 9.2.1 and Schedule 26, equal to the Fixed Payment. 9.1.2 9.2.2 If the Commercial Operations Date shall occur on a Day other than the first (1st) Day of a Month or if the Dependable Capacity shall be tested on a Day other than the first (1st) Day of a Month, then the Fixed Payment payable for the Month in which either of such Days occurs shall be equal to the sum of (a) the Fixed Payment payable for such Month based on the Dependable Capacity prior to such Day multiplied by a fraction, the numerator of which is the number of Days in such Month prior to and including the Commercial Operations Date or the Dependable Capacity test date, as appropriate, and the denominator of which is the total number of Days in such Month, and (b) the Fixed Payment payable for such Month based on the Dependable Capacity after such Day multiplied by a fraction, the numerator of which is the number of Days after the Commercial Operations Date or the Dependable Capacity test date, as appropriate, and the denominator of which is the total number of Days in such Month. 9.1.3 9.2.3 The amount of the Fixed Payment shall be adjusted from time to time-to-time in accordance with Schedule 26.