Remaining Contract Value definition

Remaining Contract Value means the summation of the undelivered Product Quantity(ies) for the outstanding Transactions hereunder multiplied by the applicable Purchase Price for such Product Quantity(ies), as estimated by Buyer. For the avoidance of doubt, if Seller has Delivered Products to Buyer, but Buyer has not made payment for all of such Products as set forth in the payment provisions of this REC Contract, such Delivered Products shall not be included in the calculation of the Remaining Contract Value. Upon Delivery of any Product by Seller, Buyer shall, upon Seller’s request, recalculate the Remaining Contract Value and, within a commercially reasonable period of time, inform Seller of such updated amount, and, in the event that the Performance Assurance Amount has decreased, Buyer shall, as applicable, either return to Seller cash in an amount equal to such decrease or take such steps as are necessary to amend the Letter of Credit to reflect the new Performance Assurance Amount. BBB- or above Baa3 or above BBB- or above $2,500,000 Below BBB- Below Baa3 Below BBB- $0 For purposes of this REC Contract, “Credit Rating” means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (excluding, however, any debt obligations that are supported by specific third party credit enhancement that would not apply to payment obligations under this Agreement) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer default rating by Fitch, or the issuer rating by Moody’s, or the corporate issuer rating or corporate credit rating by S&P if such entity is a U.S. utility operating company with an investment grade rating, or the corporate issuer rating or corporate credit rating, discounted one notch, by S&P if such entity is not a U.S. utility operating company with an investment grade rating; provided, however, that (a) in the event Seller (or Seller’s Guarantor, if applicable) is rated by all three rating agencies, then the lower of the two highest ratings will be used; (b) in the event the two highest ratings are common, such common rating will be used; and (c) in the event Seller (or Seller’s Guarantor, if applicable) is rated by only two rating agencies, then the lower of the two ratings will be used.

Remaining Contract Value means the summation of the undelivered Product Quantity(ies) for the outstanding Transactions hereunder multiplied by the applicable Purchase Price for such Product Quantity(ies), as estimated by ▇▇▇▇▇. For the avoidance of doubt, if Seller has Delivered Products to Buyer, but Buyer has not made payment for all of such Products as set forth in the payment provisions of this REC Contract, such Delivered Products shall not be included in the calculation of the Remaining Contract Value. In the event that Seller fails to deliver the requisite number of RECs by a Delivery Date as required under this REC Contract and Buyer elects to accept delivery of the late-delivered RECs in lieu of termination and so notifies the Seller, the percentage used in calculating Seller’s Performance Assurance shall be increased from 10% of the Remaining Contract Value in accordance with the following schedule: (i) to 25% of the Remaining Contract Value for the first late delivery; (ii) to 50% of the Remaining Contract Value for the second late delivery; and

Remaining Contract Value means the summation of the undelivered Contract Quantity(ies) hereunder multiplied by the applicable Contract Price for such Contract Quantity(ies), as estimated by Buyer. For the avoidance of doubt, if Seller delivers PRCs for any applicable Planning Year, then the Contract Quantity(ies) applicable to such PRCs will not be included in the calculation of the Remaining Contract Value.

Remaining Contract Value means the summation of the undelivered Product Quantity(ies) for the outstanding Transactions hereunder multiplied by the applicable Purchase Price for such Product Quantity(ies), as estimated by ▇▇▇▇▇. For the avoidance of doubt, if Seller has Delivered Products to Buyer, but Buyer has not made payment for all of such Products as set forth in the payment provisions of this REC Contract, such Delivered Products shall not be included in the calculation of the Remaining Contract Value. BBB- or above Baa3 or above BBB- or above $2,500,000 Below BBB- Below Baa3 Below BBB- $0 For purposes of this REC Contract, “Credit Rating” means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (excluding, however, any debt obligations that are supported by specific third party credit enhancement that would not apply to payment obligations under this Agreement) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer default rating by Fitch, or the issuer rating by Moody’s, or the corporate issuer rating or corporate credit rating by S&P if such entity is a U.S. utility operating company with an investment grade rating, or the corporate issuer rating or corporate credit rating, discounted one notch, by S&P if such entity is not a U.S. utility operating company with an investment grade rating; provided, however, that (a) in the event Seller (or Seller’s Guarantor, if applicable) is rated by all three rating agencies, then the lower of the two highest ratings will be used and (b) in the event the two highest ratings are common, such common rating will be used.

Remaining Contract Value means the summationsum across all Seasons of the undelivered following calculations: for each Season separately, the product of (a) the Fixed Price, (b) the Contract Quantity(ies) hereunder multiplied by ▇▇▇▇▇▇▇▇▇▇, (c) number of days remaining in the Season for which no payment has been made pursuant to Section 3. Notwithstanding the foregoing, for a Season in a Planning Year, in the event that the applicable Contract PriceACP is established by MISO for such Contract Quantity(ies) multiplied by the days in the applicable Season in the applicable Planning Year, as estimated by ▇▇▇▇▇. For the avoidance of doubt,Season, and such ACP is higher than the Fixed Price associated with such Season, and if Seller delivers Product for any applicable Season of a Planning Year or if Seller pays Buyer for the undeliveredmakes payment to Buyer based on the calculations set forth in Section 1 for a portion of the Contract Quantity pursuant to Section 2, then such portion of the Contract Quantity will not be included in the calculation of the Remaining Contract Value. Additionally, with respect to a Season in a Planning Year, in the event that the applicable ACP is established by MISO for such Season, and such ACP is lower than the Fixed Price associated with such Season, then the Contract Quantity(ies) applicable to such ProductSeason will not be included in the calculation of the Remaining Contract Value.

Remaining Contract Value means for any point of time under this Agreement the aggregate of:

Remaining Contract Value means with respect to a Contract, the total of all fees for products or services of Media contracted to be paid by a Customer under such Contract during the period starting on October 1, 2012 through and including the currently stated expiration date of such Contract, as determined based on the financial system data reports of the Business.

Remaining Contract Value means the summation of the undelivered

Remaining Contract Value means the dollar value represented on Exhibit F for the corresponding Operating Year.