Auction Revenue Rights Sample Clauses

Auction Revenue Rights. When the DS Supplier is the Defaulting Party, the DS Supplier will make best efforts to facilitate the transfer or reassignment to the entity which is the replacement DS Supplier on the Early Termination Date, any and all of the replacement DS Supplier’s rights to ARRs to which the replacement DS Supplier is entitled as an LSE pursuant to the PJM Agreements, which were transferred or assigned to the DS Supplier under Section 2.3 (Congestion and Congestion Management).
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Auction Revenue Rights. ARR revenues result from the sale of congestion rights that belong to ARR holders. ARRs are the financial instruments through which the proceeds from FTR Auctions are allocated to load. ARR values are based on nodal price differences, established by cleared FTR bids in the Annual FTR Auction, between the ARR source and sink points in the FTR Auction.17 ARR revenues are a function of FTR auction participants’ expectations of congestion, risk, competition and available system capability. PJM has significant discretion over that level of system capability. The appropriate goals of that discretion need to be defined more clearly in the tariff.
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Auction Revenue Rights i) Marginal Loss Wholesale Credit; and j) the PSC Services fee. Any sales taxes, transactional taxes or other governmental or regulatory imposed taxes or surcharges to which Buyer may be subject and all applicable SECA or other similar FERC mandated transmission recovery charges are not included in the Price and shall be passed through to the Buyer in addition to the Price. The Price shall not include any transmission and Distribution charges for services provided by the Host Utility If Buyer's Host Utility is AEP Ohio (Ohio Power and Columbus Southern), Dayton Power & Light, Duke Energy, Ohio Edison, The Illuminating Company, or Toledo Edison, then NITS , including RTEP and certain transmission-related ancillary services, will not be included in the price, and will be recovered by the Host Utility. If, for whatever reason, the NITS charges are not recovered by the Host Utility, then Direct Energy may commence billing Buyer for NITS charges, including RTEP, which applicable costs will be passed through to be paid by Buyer above the Price. RMR is a cost component included in the Direct Energy Price for accounts within the AEP Ohio (Ohio Power and Columbus Southern), Duke Energy, and Dayton Power & Light Host Utilities. If Buyer's Host Utility is Ohio Edison, The Illuminating Company, or Toledo Edison, then RMR will not be included in the price, and will be recovered by the Host Utility. If, for whatever reason, the RMR charges are not recovered by the Host Utility, then Direct Energy may commence billing Buyer for RMR charges which applicable costs will be passed through to be paid by Buyer above the Price. Without limitation on any other rights or remedies, the Price does not include (i) transmission costs and charges beyond May 31st, 2015 which arise from, or relate to, The Public Utilities Commission of Ohio not accepting the transmission rider proposed in docket 13-2385-EL-SSO or (ii) any other change in Law(s). Any such costs and charges are in addition to the Price and will be passed through to Buyer by Direct Energy. The price per kWh during any Monthly Renewal will include the market-based cost for Energy as reasonably determined by Direct Energy, plus all other taxes, costs, charges or fees which are set forth in the Price section of this Agreement. Buyer acknowledges that any costs assessed by the Host Utility or any third party as a result of the provision of service hereunder, including but not limited to switching costs, are not included in the...
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Auction Revenue Rights. (a) Prior to the end of each PJM Planning Period an annual allocation of Auction Revenue Rights for the next PJM Planning Period shall be performed using a two stage allocation process. Stage 1 shall consist of stages 1A and 1B, which shall allocate ten year and annual Auction Revenue Rights, respectively, and stage 2 shall allocate annual Auction Revenue Rights. The Auction Revenue Rights allocation process shall be performed in accordance with Sections 7.4 and 7.5 hereof and the PJM Manuals. With respect to the allocation of Auction Revenue Rights, if the Office of the Interconnection discovers a potential error in the allocation, the Office of the Interconnection shall notify Market Participants as soon as possible after it is found, but in no event later than 5:00 p.m. of the Business Day following the initial publication of allocation results. After this initial notification, if the Office of the Interconnection determines that it is necessary to post modified allocation results, it shall provide notification of its intent to do so, along with a description detailing the cause and scope of the error, by no later than 5:00 p.m. of the second Business Day following the publication of the initial allocation. The provided description will not contain information that is market sensitive or confidential. Thereafter, the Office of the Interconnection must post any corrected allocation results by no later than 5:00 p.m. of the fourth calendar day following the initial publication. Should any of the above deadlines pass without the associated action on the part of the Office of the Interconnection, the originally posted results will be considered final. Notwithstanding the foregoing, the deadlines set forth above shall not apply if the referenced allocation is under publicly noticed review by the FERC.
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Auction Revenue Rights. Market Structure
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Auction Revenue Rights. The right to receive the revenue from the Financial Transmission Rights auction provided for in the FERC Electric Tariff, Sixth Revised Volume No. 1 of the PJM Interconnection, L.L.C, or any successor tariff.
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Related to Auction Revenue Rights

  • Sublicense Revenue In the event Licensee or an Affiliate of Licensee sublicenses under Section 2.2, Licensee shall pay CareFusion **THE CONFIDENTIAL PORTION HAS BEEN SO OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION.** of any Sublicense Revenues resulting from sublicense agreements executed by Licensee.

  • Collect Revenues, Apply Accounts Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • Accounts Receivable and Payable The accounts receivable reflected on the Financial Statements arose in the ordinary course of business and, except as reserved against on the Financial Statements, are collectible in the ordinary course of business and consistent with past practices, free of any claims, rights or defenses of any account debtor. No accounts payable of the Company are over forty-five (45) days old.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts receipts and not including rentals or other payments under Space Leases) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Control Accounts; Approved Deposit Accounts Each Loan Party shall (i) deposit in an Approved Deposit Account all Cash it receives, (ii) not establish or maintain any Securities Account or Commodities Account that is not a Control Account and (iii) not establish or maintain any Deposit Account other than an Approved Deposit Account, provided however that notwithstanding the foregoing, each Loan Party may (w) maintain zero-balance accounts for the purpose of managing local disbursements and collections and may maintain payroll, withholding tax and other fiduciary accounts, (x) maintain accounts into which amounts are paid by a governmental entity pursuant to one or more Health Care Laws so long as the amounts on deposit therein are transferred each Business Day to an Approved Deposit Account or any other account permitted to be so utilized under this Section 5.14, (y) maintain other accounts as long as the aggregate monthly average daily balance over the immediately preceding 12-month period for all such Loan Parties in all such other accounts does not exceed $3,000,000 at any time and (z) make pledges or cash deposits permitted by Section 6.02.

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