Calculation of Settling Supplier Refund and Interest Amounts For Individual Participants Sample Clauses

Calculation of Settling Supplier Refund and Interest Amounts For Individual Participants. Following the date of the FERC Refund Determination and/or the FERC Interest Determination, but prior to the date on which refunds and/or interest are to be paid pursuant to the FERC Refund Determination and/or the FERC Interest Determination, as applicable, the ISO and PX, working with the California Parties, shall determine the portion of the Unsettled Settling Supplier Refund Amount or the Unsettled Settling Supplier Interest Amount, as applicable that, absent this Agreement, would be deemed to be owed for Settling Supplier’s sales of energy and ancillary services into the California Markets to each Participant that is entitled to receive refunds (“Unsettled Participant Refund Amount” and/or “Unsettled Participant Interest Amount,” as applicable). The ISO and PX, working with the California Parties, shall determine the Unsettled Participant Refund Amount for each Participant by multiplying the Unsettled Settling Supplier Refund Amount for each respective time period by each Participant’s percentage share of refunds in the California Markets (combined) for that time period. The ISO and PX, working with the California Parties, shall determine the Unsettled Participant Interest Amount based upon the Unsettled Participant Refund Amount.
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Related to Calculation of Settling Supplier Refund and Interest Amounts For Individual Participants

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As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). 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