Compensation for curtailments of Daily Transmission Sample Clauses

Compensation for curtailments of Daily Transmission. Rights in the event of emergency situation before the Day Ahead Firmness deadline 1. In the event of emergency situation before the Day Ahead Firmness deadline, holders of curtailed Daily Transmission Rights shall be entitled to receive from the Allocation Platform a compensation equal to the price of the Daily Transmission Rights set during the Daily Transmission Rights allocation, which for each affected hour and Registered Participant shall be calculated as: (a) the Marginal Price of the respective Auction; multiplied by (b) the volume in MW per hour corresponding to the difference between the Daily Transmission Rights held by the Registered Participant before and after the curtailment. 2. The Allocation Platform shall perform compensation of Registered Participant as set forth in Article 53 paragraph 4.
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Compensation for curtailments of Daily Transmission. Rights in the event of emergency situation before the Day Ahead Firmness Deadline 35
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Compensation for curtailments of Daily Transmission. Rights in the event of emergency situation before the Day Ahead Firmness Deadline 1. Curtailment triggered due to emergency situation no later than at Day Ahead Firmness Deadline and published by the Allocation Platform on its website shall be performed in line with Articles 45 and 46 of the Allocation Rules. Holders of curtailed Daily Transmission Rights shall be entitled to receive from the Allocation Platform a reimbursement equal to the price of the Daily Transmission Rights set during the Daily Transmission Rights allocation, which for each affected hour and Registered Participant shall be calculated as: (a) the Marginal Price of the respective Auction; multiplied by (b) the volume in MW per hour corresponding to the difference between the Daily Transmission Rights held by the Registered Participant before and after the curtailment. Described calculation of reimbursement is valid unless paragraph 3 of this Article applies. 2. When paragraph 3. of this Article applies the reimbursement will be decreased to 50% of the amount calculated according to paragraph 1 of this Article. 3. Following exceptions are applied for compensation according to paragraph 1 of this Article for curtailment on Slovak<>Polish Bidding zone border on SEPS side where according to Slovak Act No. 251 of 31 July 2012 on Energy: “The transmission system operator shall be entitled to restrict or interrupt electricity transmission within the inevitable extent and for the inevitable period without entitlement to the damage compensation but for the cases if the damage was caused due to fault of the transmission system operator in case ofimmediate threat to life, health, or property of persons and liquidation of those conditions,  state of emergency or activities which immediately precede its origination,  failures on the system equipment facilities and during their elimination,  electricity consumption by equipment influencing quality and reliability of electricity supply and if the electricity consumer failed to ensure restriction of those impacts using available technical means,  electricity supply by equipment influencing quality and reliability of electricity supply and if the electricity producer failed to ensure restriction of those impacts using available technical means” where “state of emergency” is defined as sudden shortage or threat of shortage of energy, change of frequency in the system over or below the level determined for technical equipment ensuring automated dis...
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Compensation for curtailments of Daily Transmission. Rights in the event of emergency
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Compensation for curtailments of Daily Transmission. Rights in the event of emergency situation before the Day Ahead Firmness Deadline 35 Article 48 - Reimbursement for curtailments due to Force Majeure before the Day Ahead Firmness Deadline ......................................................................................................................................................................37 Article 49 - Reimbursement or compensation for curtailments due to Force Majeure or emergency situation after the Day Ahead Firmness Deadline 37 Article 50 - General principles 38 Article 51 - Calculation of due amounts 38 Article 52 - Tax Gross-up 38 Article 53 - Invoicing and payment conditions 39 Article 54 - Payment disputes 40 Article 55 - Late payment and payment incident 41 Article 56 - Duration and amendment of Allocation Rules 42 Article 57 - Liability 43 Article 58 - Dispute resolution 43 Article 59 - Suspension of the Participation Agreement 45 Article 60 - Termination of the Participation Agreement 46 Article 61 - Force Majeure 47 Article 62 - Notices 48 Article 63 - Confidentiality 49 Article 64 - Assignment and subcontracting 50 Article 65 - Governing law 50 Article 66 - Language 50 Article 67 - Intellectual property 50 Article 68 - Relationship of the Parties 51 Article 69 - No third party rights 51 Article 70 - Waiver 51 Article 71 - Entire agreement 51 Article 72 - Remedies exclusive 52 Article 73 - Severability 52 CHAPTER 1‌
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Related to Compensation for curtailments of Daily Transmission

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Description of Administration Services on a Continuous Basis (a) PNC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, various customary Portfolio and Fund statistical data on an ongoing basis; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

  • Performance of Daily Accounting Services In addition to the maintenance of the books and records specified above, Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: (i) Calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1(b)(ii) below; (ii) Obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Trustees”); (iii) Verify and reconcile with the Funds’ custodian all daily trade activity; (iv) Compute, as appropriate, each Fund’s net income and capital gains, dividend payables, dividend factors, yields, and weighted average portfolio maturity; (v) Review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and yields to NASDAQ and such other entities as directed by the Fund; (vi) Determine unrealized appreciation and depreciation on securities held by the Funds; (vii) Amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; (viii) Update fund accounting system to reflect rate changes, as received from a Fund’s investment adviser, on variable interest rate instruments; (ix) Post Fund transactions to appropriate categories; (x) Accrue expenses of each Fund; (xi) Determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; (xii) Provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; and (xiii) Provide such periodic reports as the parties shall reasonably agree upon.

  • Description of Accounting Services on a Continuous Basis The Administrator will perform the following accounting services with respect to the Portfolio: (i) Journalize investment, capital share and income and expense activities; (ii) Verify investment buy/sell trade tickets when received from the investment adviser for the Portfolio (the “Adviser”) and transmit trades to the Fund’s custodian (the “Custodian”) for proper settlement; (iii) Maintain individual ledgers for investment securities; (iv) Maintain historical tax lots for each security; (v) Reconcile cash and investment balances of the Fund with the Custodian, and provide the Adviser with the beginning cash balance available for investment purposes; (vi) Update the cash availability throughout the day as required by the Adviser; (vii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (viii) Calculate various contractual expenses (e.g., advisory and custody fees); (ix) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments; (x) Control all disbursements and authorize such disbursements upon Written Instructions; (xi) Calculate capital gains and losses; (xii) Determine net income; (xiii) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of the Portfolio’s Investments; (xiv) Transmit or mail a copy of the daily portfolio valuation to the Adviser; (xv) Compute net asset value; (xvi) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and (xvii) Prepare upon request a monthly financial statement which includes the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Cash Statement Schedule of Capital Gains and Losses.

  • Compensation for Basic Services 6.1.1 Compensation for Basic Services as described in Section 3.1 and 3.2 shall be as set forth in Article 11.

  • Interconnection Customer Compensation If the CAISO requests or directs the Interconnection Customer to provide a service pursuant to Articles 9.6.3 (Payment for Reactive Power) or 13.5.1 of this LGIA, the CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff.

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • Compensation for Additional Services Additional Services shall be compensated as set forth on Exhibit A for the stipulated payment amounts set forth therein. Other Additional Services not set forth on Exhibit A that are required or requested by the Owner shall be compensated as agreed, using the methodology set forth on Exhibit A, prior to the Design Professional undertaking such Additional Services; provided, however, that if such compensation cannot be agreed, the Additional Services shall be performed at the hourly rates set forth and listed in Exhibit B, plus reimbursable expenses pursuant to Article 4.1.3 below, with a limitation as to maximum amount specified.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Performance on Business Days In the event the date on which performance or payment of any obligation of a party required hereunder is other than a Business Day, the time for payment or performance shall automatically be extended to the first Business Day following such date.

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