Accepted Products Clause Samples
Accepted Products. Permit the aggregate amount of Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries directly or indirectly from Affiliates of RERH Holdings during any Computation Period to exceed 10% of the aggregate amount of all Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries during such Computation Period; provided, however, that for the purposes of this Section 7.17, the aggregate amount of Accepted Products (measured in Dollars expended) purchased by REPS under the Channelview PPA Confirmation shall be excluded from the calculation.
Accepted Products. Evidence that, upon the occurrence of the Effective Date (and the delivery of Effectiveness Notices, if applicable, and the consummation of the transactions under Section 2.01, contemplated to occur on the Effective Date), 90% of (i) purchases of financial gas and gas options (as measured by total net notional volume), (ii) sales of financial gas and gas options (as measured by total net notional volume), (iii) purchases of heat rate capacity (as measured by average peak MW’s) and (iv) sales of heat rate capacity (as measured by average peak MW’s) is coming directly from the Sleeve Provider or other third parties (and not from Affiliates of the Reliant Retail Obligors); provided, however, that (x) for heat rate transactions that involve purchasing fixed-priced power and selling financial gas to the same counterparty, the financial gas volume shall be included in clause (ii) above and the fixed-priced power volume shall be included in clause (iii) above and (y) volumes relating to the obligation of REPS to purchase output priced at the Market Clearing Price of Energy pursuant to the Channelview Services Agreement and related ISDA confirm shall be excluded in calculating the foregoing 90% threshold.
Accepted Products. Shall not permit the aggregate amount of Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries directly or indirectly from Affiliates of RERH Holdings during any Computation Period to exceed 10% of the aggregate amount of all Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries during such Computation Period.
Accepted Products. Permit the aggregate amount of Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries directly or indirectly from Affiliates of RERH Holdings (other than its Subsidiaries) during any Computation Period to exceed 30% (or during any period after January 1, 2010 and on or prior to July 1, 2010, 40%, and for any period after July 1, 2010, 50%) of the aggregate amount of all Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries during such Computation Period; provided that for purposes of this Section 7.17, the aggregate Dollars expended by the Reliant Retail Obligors shall not include payments made to PMI in respect of the REPS to PMI legs of the Offsetting Trades under the PMI/REPS RW ISDA. For purposes of this Section 7.17 (A) the month in which Accepted Products shall be deemed “purchased” will be the month in which the relevant initial cash flow or settlement payment occurs, and not the date of underlying contract, and (B) the determination of whether a Person is an Affiliate of RERH Holdings shall be made with reference to such same month.
Accepted Products. Permit the aggregate amount of Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries directly or indirectly from Affiliates of RERH Holdings (other than its Subsidiaries) during any Computation Period to exceed 20% (or during any period when the ML Guarantee Provider shall have an Additional Support Credit Rating, 30%) of the aggregate amount of all Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries during such Computation Period; provided, however, that for the purposes of this Section 7.17, (a) the aggregate amount of Accepted Products (measured in Dollars expended) purchased by REPS under the Channelview PPA Confirmation shall be excluded from the calculation and (b) as to any period when the ML Guarantee Provider shall have an Additional Support Credit Rating, the aggregate amount of Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries under contracts entered into during such period and causing the aggregate amount of Accepted Products (measured in Dollars expended) purchased by RERH Holdings and its Subsidiaries directly or indirectly from Affiliates of RERH Holdings (other than its Subsidiaries) during any Computation Period to exceed 20% (but not in excess of 30%) shall be excluded from the calculation, such exclusion to continue, after the end of any such period when the ML Guarantee Provider shall have an Additional Credit Support Rating, so long as no additional purchases by RERH Holdings and its Subsidiaries directly or indirectly from Affiliates of RERH Holdings (other than its Subsidiaries) have been made. (d) Exhibit B to the CSRA is amended to modify the limits for Reliant Energy Services, Inc. as set forth on Exhibit B to this Amendment.