APPLYING FINANCIAL BILLING CREDITS Sample Clauses

APPLYING FINANCIAL BILLING CREDITS. The following methodology will be utilized by the Company in determining a Financial Interest Customer's Bill Credits or payment obligations for (i) transmission and distribution service provided by the Company and (ii) electric generation service provided by either the Standard Offer Provider or the Financial Interest Customer’s Competitive Electricity Provider. If the Financial Interest Customer’s Competitive Electricity Provider provides the Financial Interest Customer with a separate bill for generation service, the Company shall not in any way be responsible for computing the charges or providing any financial credits for this separate generation service bill. The initial application of Bill Credits for Financial Interest Customers under this Agreement may require two Billing Periods to implement. In order to facilitate billing under this Agreement, the utility reserves the right to place all Financial Interest Customers listed in Exhibit 1 or Exhibit 2 in the same billing cycle.
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APPLYING FINANCIAL BILLING CREDITS. The following methodology will be utilized by the Company in determining Customer's Xxxx Credits or payment obligations for (i) transmission and distribution service provided by the Company and (ii) electric generation service provided by either the Standard Offer Provider or the Customer’s Competitive Electricity Provider. If the Customer’s Competitive Electricity Provider provides the Customer with a separate xxxx for generation service, the Company shall not in any way be responsible for computing the charges or providing any financial credits for this separate generation service xxxx. The initial application of Xxxx Credits for customers under this Agreement may require two Billing Periods to implement. In order to facilitate billing under this Agreement, the utility reserves the right to place all customers listed in Exhibit 1 or Exhibit 2 in the same billing cycle.
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APPLYING FINANCIAL BILLING CREDITS. The following methodology will be utilized by the Company in determining a Financial Interest Customer's Bill Credits or payment obligations for (i) transmission and distribution service provided by the Company and (ii) electric generation service provided by either the Standard Offer Provider or the Financial Interest Customer’s Competitive Electricity Provider. If the Financial Interest Customer’s Competitive Electricity Provider provides the Financial Interest Customer with a separate bill for generation service, the Company shall not in any way be responsible for computing the charges or providing any financial credits for this separate generation service bill. The initial application of Bill Credits for Financial Interest Customers under this Agreement may require two Billing Periods to implement. In order to facilitate billing under this Agreement, the utility reserves the right to place all Financial Interest Customers listed in Exhibit 1 or Exhibit 2 in the same billing cycle. A. Bill Credit If during a Billing Period, Bill Credits are greater than zero (0), the Financial Interest Customer’s accounts with the Company as identified in Exhibit 1 or Exhibit 2 will be credited based upon the percentage or cascading allocation specified for each such account as identified in Exhibit 1 or Exhibit 2 of this Agreement. For the Fixed Allocation method, the total percent allocation must equal 100 percent. The applied Bill Credit in a Billing Period may not exceed the total monthly charges applicable to a Financial Interest Customer’s account(s) with the Company during the Billing Period. In applying monthly Bill Credits, the Company will follow the payment waterfall methodology specified in Chapter 322 of the Commission Rules. Unused Credits will be calculated for each designated account listed in Exhibit 1 or Exhibit 2. Unused Credits, once accrued on an account, cannot be reallocated to another account. Cumulative Unused Credits are increased by the value of excess Bill Credits determined for the current Billing Period, and the cumulative value will remain available for possible future application in accordance with paragraph (C) Unused Credits of this Article
Sample 1

Related to APPLYING FINANCIAL BILLING CREDITS

  • Monthly Billing 5.1 For information regarding billing, non-payment, disconnects, and dispute resolution, see the General Terms and Conditions of this Agreement.

  • Billing Rates The Contractor shall be reimbursed for the services performed by its employees under the terms of this Agreement at the lesser of employee’s billing rate set forth in the Budget or the employee’s billing rate applicable at the time the Work is performed. Such billing rates shall be inclusive of actual Cash-based Expenses in the form of wages paid the employee, fringe benefits, overhead, general and administrative (G&A), and other indirect costs. Contractor hereby warrants and guarantees that the billing rates charged herein are Contractor’s customary billing rates for performance of work of the type described in the Statement of Work attached hereto.

  • Supported wage rates Employees to whom this clause applies shall be paid the applicable percentage of the minimum rate of pay prescribed by this Agreement for the class of work which the person is performing according to the following schedule: Assessed Capacity (Clause 1.3) % of prescribed rate 10%* 10% 20% 20% 30% 30% 40% 40% 50% 50% 60% 60% 70% 70% 80% 80% 90% 90% * (Provided that the minimum amount payable shall be not less than $45 per week). Where a person’s assessed capacity is 10%, they shall receive a high degree of assistance and support.

  • Product Availability Under no circumstances shall Company be responsible to Representative or anyone else for its failure to fill accepted orders, or for its delay in filling accepted orders, when such failure or delay is due to strike, accident, labor trouble, acts of nature, freight embargo, war, civil disturbance, vendor problems or any cause beyond Company's reasonable control.

  • Balance Computation Method For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You deposit noncash items (e.g. checks) into Your Account.

  • Interconnection Customer Payments Not Taxable The Parties intend that all payments or property transfers made by the Interconnection Customer to the Participating TO for the installation of the Participating TO's Interconnection Facilities and the Network Upgrades shall be non-taxable, either as contributions to capital, or as a refundable advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

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