Common use of Final Statements Clause in Contracts

Final Statements. (a) For the purposes of preparing Final Statements, the cut-off time for Trading Participants to provide the Operator with information relating to obligations performed under Transactions in a Billing Period is 9:00 am on the 14th Business Day after the end of that Billing Period. (b) By the 15th Business Day after the end of each Billing Period, the Operator must make available to each Market Participant a Final Statement stating the net amount payable by or to that participant on the payment date for that Final Statement, being the Settlement Amount for that Billing Period, adjusted by: (i) any adjustments payable under clause 18.6 in respect of a previous Billing Period; and (ii) the application of any security deposit balance under clause 9.3(d). (c) Each Final Statement must be accompanied by supporting data that is sufficient to enable each Market Participant to audit the calculation of the net amount payable. (d) If the net amount payable by or to a Market Participant for a Billing Period is less than $10, that amount is taken to be zero (that is, no payment is to be made by or to the Operator).

Final Statements. (a) For the purposes of preparing Final Statements, the cut-off time for Trading Participants to provide the Operator with information relating to obligations performed under Transactions in a Billing Period is 9:00 am 9:00am on the 14th Business Day after the end of that Billing Period. (b) By the 15th Business Day after the end of each Billing Period, the Operator must make available to each Market Participant a Final Statement stating the net amount payable by or to that participant on the payment date for that Final Statement, being the Settlement Amount for that Billing Period, adjusted by: (i) any adjustments payable under clause 18.6 in respect of a previous Billing Period; and (ii) the application of any security deposit balance under clause 9.3(d). (c) Each Final Statement must be accompanied by supporting data that is sufficient to enable each Market Participant to audit the calculation of the net amount payable. (d) If the net amount payable by or to a Market Participant for a Billing Period is less than $10, that amount is taken to be zero (that is, no payment is to be made by or to the Operator).