Accounting Treatment of Assigned Enron Receivables Sample Clauses

Accounting Treatment of Assigned Enron Receivables. The PX and ISO shall reflect on their books and records all distributions from the PX Settlement Clearing Account to the Enron Refund Escrow that represent payments of amounts owed by the ISO to Enron for the Enron Receivables. The ISO shall recognize, as a reduction in the amounts payable by the PX to the ISO, all distributions from the PX Settlement Clearing Account to the Enron Refund Escrow that represent payments of amounts owed by the ISO to Enron for the Enron Receivables.
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