Common use of Initial Operating Fee Payment Clause in Contracts

Initial Operating Fee Payment. ‌ The Lessee must pay an initial prorated operating fee within 45 calendar days after the COD. The initial operating fee payment covers the first year of Commercial Operations on the lease and will be calculated in accordance with subsection (4) below, using an operating fee rate of 0.02 and a capacity factor of 0.4.

Initial Operating Fee Payment. ‌ The Lessee must pay an initial prorated operating fee within 45 calendar days after the COD. The initial operating fee payment covers the first year of Commercial Operations on the lease and will be calculated in accordance with the following subsection (4) below), using an operating fee rate of 0.02 and a capacity factor of 0.4.

Initial Operating Fee Payment. ‌ The Lessee must pay an initial prorated operating fee within 45 calendar days after the COD. The initial operating fee payment covers the first year of Commercial Operations on the lease and will be calculated in accordance with subsection (4) below, using an operating fee rate of 0.02 and a capacity factor of 0.4.

Initial Operating Fee Payment. ‌ The Lessee must pay an initial prorated operating fee within 45 calendar 90 days after the COD. The initial operating fee payment covers the first year of Commercial Operations on the lease and will be calculated in accordance with subsection (4) ), below, using an operating fee rate of 0.02 and a capacity factor of 0.4.