Common use of Adjustment to Statement Clause in Contracts

Adjustment to Statement. ‌ (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌ (b) Notwithstanding the foregoing, the determination by the System Operator of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator which the System Operator has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.

Appears in 7 contracts

Samples: Long Term Reliability Services Contract, E Lt 1 Contract, E Lt 1 Contract

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Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌ (b) Notwithstanding the foregoing, the determination by the System Operator of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator which the System Operator has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement.Statement.‌ (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.Statement.‌

Appears in 2 contracts

Samples: E Lt 1 Contract, E Lt 1 Contract

Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌period. (b) Notwithstanding the foregoing, the determination by the System Operator IMO of any information shall be final and binding on the Parties in accordance with the IESO IMO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator IMO which the System Operator IMO has requested be corrected, then the one (1) year limit set forth in Section 5.6(a4.8(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.

Appears in 1 contract

Samples: Demand Response Contract

Adjustment to Statement. Draft (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌period.‌‌ (b) Notwithstanding the foregoing, the determination by the System Operator of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator which the System Operator has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement.Statement.‌ (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.Statement.‌

Appears in 1 contract

Samples: Long Term Reliability Services Contract

Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌period. (b) Notwithstanding the foregoing, the determination by the System Operator IESO of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator IESO which the System Operator IESO has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.

Appears in 1 contract

Samples: Peking Generation Contract

Adjustment to Statement. ‌ (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌ (b) Notwithstanding the foregoing, the determination by the System Operator of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator which the System Operator has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement.Statement.‌ (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.Statement.‌

Appears in 1 contract

Samples: Long Term Reliability Services Contract

Adjustment to Statement. ‌ (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌ (b) Notwithstanding the foregoing, the determination by the System Operator IESO of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator IESO which the System Operator IESO has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.

Appears in 1 contract

Samples: Clean Energy Supply Contract

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Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌period. (b) Notwithstanding the foregoing, the determination by the System Operator IESO of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator IESO which the System Operator IESO has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.

Appears in 1 contract

Samples: Clean Energy Supply Contract

Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌period. (b) Notwithstanding the foregoing, the determination by the System Operator IMO of any information shall be final and binding on the Parties in accordance with the IESO IMO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator IMO which the System Operator IMO has requested be corrected, then the one (1) year limit set forth in Section 5.6(a4.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.74.7, any adjustment to a Statement made pursuant to this Section 5.6 4.6 shall be made in the next subsequent Statement.

Appears in 1 contract

Samples: Clean Energy Supply Contract

Adjustment to Statement. ‌ Draft (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, or other errors, raised by a Party during the period of one (1) year following the end of the calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such period.‌ (b) Notwithstanding the foregoing, the determination by the System Operator of any information shall be final and binding on the Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the System Operator which the System Operator has requested be corrected, then the one (1) year limit set forth in Section 5.6(a) shall not apply to the correction of such error or the Buyer’s ability to readjust the Statement. (c) Subject to Section 5.7, any adjustment to a Statement made pursuant to this Section 5.6 shall be made in the next subsequent Statement.

Appears in 1 contract

Samples: E Lt 1 Contract

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