Common use of Payment of Final Invoice Clause in Contracts

Payment of Final Invoice. (a) Within 7 days of receipt by Owner of the Recalculation Settlement Statement for market transactions for the effective date of termination of this Agreement, Owner shall submit an invoice (“Final Invoice”) to CAISO and a copy to the Responsible Utility for all charges and other amounts then due under this Agreement. Amounts then due shall include: (i) charges for all Billable MWh and Ancillary Services provided under this Agreement and not previously invoiced; (ii) the Long-term Planned Outage Adjustment under Section 8.6. and (iii) refunds described in section 9.1(f) for Condition 2 Units. Calculation of the Long-term Planned Outage Adjustment shall be made by deeming the effective date of termination to be the end of the Contract Year, and by assuming that all Long- term Planned Outages scheduled to occur after the termination date under this Agreement or any successor agreement entered into upon a redesignation pursuant to Section 2.2(f) occur as scheduled. The Final Invoice shall not include remaining Monthly payments of a Termination Fee under Section 2.5, which shall continue to be paid monthly until the obligation is extinguished. (b) CAISO shall pay Owner the amount stated in the Final Invoice in accordance with Section 9.3 through 9.8.

Payment of Final Invoice. (a) Within 7 days of receipt by Owner of the Recalculation Settlement Statement for market transactions for the effective date of termination of this Agreement, Owner shall submit an invoice (“Final Invoice”) to CAISO and a copy to the Responsible Utility for all charges and other amounts then due under this Agreement. Amounts then due shall include: (i) charges for all Billable MWh and Ancillary Services provided under this Agreement and not previously invoiced; (ii) the Long-term Planned Outage Adjustment under Section 8.6. and (iii) refunds described in section 9.1(f) for Condition 2 Units. Calculation of the Long-term Planned Outage Adjustment shall be made by deeming the effective date of termination to be the end of the Contract Year, and by assuming that all Long- term Planned Outages scheduled to occur after the termination date under this Agreement or any successor agreement entered into upon a redesignation pursuant to Section 2.2(f) occur as scheduled. The Final Invoice shall not include remaining Monthly payments of a Termination Fee under Section 2.5, which shall continue to be paid monthly until the obligation is extinguished. (b) CAISO shall pay Owner the amount stated in the Final Invoice in accordance with Section 9.3 through 9.8.

Payment of Final Invoice. (a) Within 7 days of receipt by Owner of the Recalculation Settlement Statement for market transactions for the effective date of termination of this Agreement, Owner shall submit an invoice (“Final Invoice”) to CAISO and a copy to the Responsible Utility for all charges and other amounts then due under this Agreement. Amounts then due shall include: (i) charges for all Billable MWh and Ancillary Services provided under this Agreement and not previously invoiced; (ii) the Long-term Planned Outage Adjustment under Section 8.6. and (iii) refunds described in section 9.1(f) for Condition 2 Units. Calculation of the Long-Long- term Planned Outage Adjustment shall be made by deeming the effective date of termination to be the end of the Contract Year, and by assuming that all Long- term Planned Outages scheduled to occur after the termination date under this Agreement or any successor agreement entered into upon a redesignation pursuant to Section 2.2(f) occur as scheduled. The Final Invoice shall not include remaining Monthly payments of a Termination Fee under Section 2.5, which shall continue to be paid monthly until the obligation is extinguished. (b) CAISO shall pay Owner the amount stated in the Final Invoice in accordance with Section 9.3 through 9.8.