Common use of Adjustment to Final RESA Statements Clause in Contracts

Adjustment to Final RESA Statements. ‌ (a) Each final RESA Statement shall, except as set forth in Sections 6.6(c) and 6.7(b), be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of six (6) months following the end of the calendar year in which such RESA Statement was issued. If no complaints are raised within such time period, or if any complaints raised in such time period have been resolved, such RESA Statement shall be final and subject to no further adjustment after the expiration of such period. (b) Notwithstanding the foregoing, the determination of any information by XXXX acting pursuant to the ISO Rules shall be final and binding on the Parties in accordance with the ISO Rules, and without limiting the generality of the foregoing, if a final RESA Statement contains an error in the data or information issued by the AESO which the AESO has corrected pursuant to the ISO Rules, then the six (6) months limit set forth in Section 6.7(a) shall not apply to the correction of such error or the AESO's ability to readjust such RESA Statement. (c) Any adjustment to a RESA Statement made pursuant to this Section 6.7 shall be made in the next subsequent RESA Statement.

Appears in 3 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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Adjustment to Final RESA Statements. (a) Each final RESA Statement shall, except as set forth in Sections 6.6(c) and 6.7(b), be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of six (6) months following the end of the calendar year in which such RESA Statement was issued. If no complaints are raised within such time period, or if any complaints raised in such time period have been resolved, such RESA Statement shall be final and subject to no further adjustment after the expiration of such period. (b) Notwithstanding the foregoing, the determination of any information by XXXX acting pursuant to the ISO Rules shall be final and binding on the Parties in accordance with the ISO Rules, and without limiting the generality of the foregoing, if a final RESA Statement contains an error in the data or information issued by the AESO which the AESO has corrected pursuant to the ISO Rules, then the six (6) months limit set forth in Section 6.7(a) shall not apply to the correction of such error or the AESO's ability to readjust such RESA Statement. (c) Any adjustment to a RESA Statement made pursuant to this Section 6.7 shall be made in the next subsequent RESA Statement.

Appears in 2 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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