Common use of Supplemental Tariffs Clause in Contracts

Supplemental Tariffs. Upon the successful completion of a Restoration following an Afghanistan Political Event Seller shall deliver to the Purchaser a summary of all costs actually incurred in implementing the Restoration, together with copies of all invoices for such work. Seller shall then be entitled to receive Supplemental Tariffs in accordance with the Schedule 1. The Supplemental Tariffs may be in fixed Monthly amounts or as an adjustment to the Tariff, but shall be calculated to allow Seller a reasonable opportunity to recover, over the remainder of the Term (unless a shorter period for recovery of such costs is agreed by the Parties), Seller’s demonstrated costs incurred in effecting the Restoration (in excess of any insurance proceeds), including a reasonable return on investment for any equity financing approved by Purchaser, and the actual costs of any debt financing approved by Purchaser; provided, however, that each such item of cost shall have been reasonable and appropriate to effect the Restoration consistent with the standards for the original construction and Prudent Utility Practices.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement

Supplemental Tariffs. Upon the successful completion of a Restoration following an Afghanistan Political Event Seller shall deliver to the Purchaser a summary of all costs actually incurred in implementing the Restoration, together with copies of all invoices for such work. Seller shall then be entitled to receive Supplemental Tariffs in accordance with the Schedule 1. The Supplemental Tariffs may be in fixed Monthly amounts or as an adjustment to the Tariff, but shall be calculated to allow Seller a reasonable opportunity to recover, over the remainder of the Term (unless a shorter period for recovery of such costs is agreed by the Parties), Seller’s demonstrated costs incurred in effecting the Restoration (in excess of any insurance proceeds), including a reasonable return on investment for any equity financing approved by Purchaser, and the actual costs of any debt financing approved by Purchaser; provided, however, that each such item of cost shall have been reasonable and appropriate to effect the Restoration consistent with the standards for the original construction and Prudent Utility Practices.

Appears in 1 contract

Sources: Power Purchase Agreement