Payments by the Generation Corporation
 5. (1) The Generation Corporation shall make monthly payments to the Financial Corporation with respect to its liability under subsection 92 (1) of the Act for each property it owns whose roll number is set out in Table 1 or 3.  O. Reg. 224/00, s. 5 (1). (2) For each year beginning in 2001, the payments shall be made on or before the 16th day of each month and, (a) each payment made in the first nine months of the year shall be equal to 1/12 of the total amount paid to the Financial Corporation with respect to the property for the immediately preceding year; and (b) each payment made in October, November and December shall be equal to 1/3 of the difference between the total amount payable for the year under subsection 92 (1) of the Act and the sum of the amounts paid under clause (a).  O. Reg. 224/00, s. 5 (2). (3) For 2000, the payments shall be made on or before the 16th day of each month and, (a) each payment made for a month commencing in January and ending with the month in which the final return referred to in subsection 4 (4) or (5), as the case may be, is made shall be equal to $25,000,000; (b) each payment made for a month commencing in the month following the month of the last payment under clause (a) is made and ending with September shall be equal to 1/9 of the total amount paid to the Financial Corporation for 1999; and (c) each payment made in October, November and December shall be equal to 1/3 of the difference between the total amount payable for the year under subsection 92 (1) of the Act and the sum of the amounts paid under clauses (a) and (b).  O. Reg. 224/00, s. 5 (3). (4) For 1999, there shall be a payment equal to $25,000,000 for each month commencing in April and ending in December on or before the 16th day of each month.  O. Reg. 224/00, s. 5 (4). (5) Upon filing its return for 1999 under section 4, the Generation Corporation shall remit the amount by which its liability under subsection 92 (1) of the Act for 1999 exceeds the payments made under subsection (4).  O. Reg. 224/00, s. 5 (5). (6) If the payments made by the Generation Corporation under subsection (4) exceed its liability under subsection 92 (1) of the Act, subsection (5) does not apply and the amount of the difference shall be credited to the first payment to be made by it under clause (3) (b), and to any subsequent payments under clause (3) (b), if necessary.  O. Reg. 224/00, s. 5 (6). (7) If the Generation Corporation acquires property after January 1 of 2000 or of a subsequent year, the total amount payable to the Financial Corporation for that year under subsection 92 (1) of the Act shall be paid in three equal instalments made on or before October 16, November 16 and December 16 of that year.  O. Reg. 224/00, s. 5 (7). (8) If a property referred to in subsection (7) is acquired after October 16 in a year, the amount payable to the Financial Corporation under subsection 92 (1) of the Act for that year shall be included in the first payment made under subsection (2) or (3), as the case may be, in the following year.  O. Reg. 224/00, s. 5 (8). (9) If subsection (7) or (8) applies, the monthly payment with respect to the property for the subsequent year shall be determined as if the property had been owned by the Generation Corporation for the entire year in which the property was acquired.  O. Reg. 224/00, s. 5 (9). (10) If the Generation Corporation disposes of a property after January 1 of 2000 or of a subsequent year, the payments made under clause (2) (a) or (3) (b) or (c), as the case may be, may be adjusted to eliminate any payment made in respect of the property commencing in the month following the disposition of the property.  O. Reg. 224/00, s. 5 (10). (11) If subsection (10) applies, the monthly payments for a subsequent year shall be determined as if the property had not been owned by the Generation Corporation for the entire year in which the property was disposed of.  O. Reg. 224/00, s. 5 (11). Payments by the Services Corporation and Municipal Electricity Utilities