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 4.6(a) shall not apply to the correction of such error or the Sponsor’s ability to readjust, or the Supplier’s ability to require a readjustment of, the Statement. (c) Subject to Section 4.7, any adjustment to a Statement made pursuant to this Section 4.6 shall be made in the next subsequent Statement.

Adjustment to Statement. ‌ (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation, computation or other errors, errors raised by a Party during the period of one two (12) year years following the end of the calendar year Contract 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.‌two (2) year period. (b) Notwithstanding the foregoing, absent manifest error, the determination by the System Operator IESO of any information pertaining to a Statement shall be final and binding on the relevant 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 two (12) year limit set forth in Section 4.6(a4.7(a) shall not apply to the correction of such error or the Sponsora Party’s ability to readjust, or the Supplier’s ability to require a readjustment of, readjust the Statement. (c) Subject to Section 4.74.8, any adjustment to a Statement made pursuant to this Section 4.6 4.7 shall be made in the next subsequent Statement.

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 acting pursuant to the IESO Market Rules 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, corrected pursuant to the IESO Market Rules then the one (1) 1 year limit set forth in Section 4.6(a5.6(a) shall not apply to the correction of such error or the Sponsor’s ability to readjust, or the Supplier’s ability to require a readjustment of, readjust the Statement. (c) Subject to Section 4.75.7, any adjustment to a Statement made pursuant to this Section 4.6 5.6 shall be made in the next subsequent Statement.

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 acting pursuant to the IESO Market Rules 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, corrected pursuant to the IESO Market Rules then the one (1) year limit set forth in Section 4.6(a5.6(a) shall not apply to the correction of such error or the Sponsor’s ability to readjustadjust, or the Supplier’s ability to require a readjustment ofthe Sponsor to adjust, the Statement. (c) Subject to Section 4.75.7, any adjustment to a Statement made pursuant to this Section 4.6 5.6 shall be made in the next subsequent Statement.