Internal Bilateral Transactions Sample Clauses

Internal Bilateral Transactions. The transfer of the Contract Quantity of Associated Energy from Seller to T&D shall be implemented through bilateral transactions in the market settlement system administered by ISO-NE. Seller shall submit market transactions to ISO-NE that transfer to T&D the Contract Quantity of Associated Energy, with hourly quantities, delivery point, and other transaction characteristics that replicate the transactions submitted by Seller to ISO-NE. T&D shall be obligated to accept and confirm submitted transactions in accordance with all applicable ISO-NE Market Rules and Manuals. In implementing internal bilateral transactions (“IBT”) the Parties shall comply with the IBT Protocols as specified in ISO-NE Market Rules and Manuals.
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Internal Bilateral Transactions. The transfer of the Contract Quantity of Energy from Seller to T&D shall be implemented through real-time bilateral transactions in the market settlement system administered by ISO-NE. Unless otherwise provided in internal bilateral transactions (“IBT”) procedures (if any) set forth in this Agreement, Seller shall submit market transactions to ISO-NE that transfer to T&D the Contract Quantity of Energy, with hourly quantities, delivery point, and other transaction characteristics that replicate the transactions submitted by Seller to ISO-NE, and T&D shall be obligated to accept and confirm submitted transactions, provided they are correct, in accordance with all applicable ISO-NE Market Rules and Manuals. In implementing IBT procedures, the Parties shall comply with the IBT Protocols as specified in ISO-NE Market Rules and Manuals. To the extent there are ISO-NE Schedule 2 charges arising from the IBT, Seller shall pay for any such charges related to the Seller-side of the transaction and T&D shall pay for any such charges related to the T&D-side of the transaction.
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Internal Bilateral Transactions. Seller, as Lead Market Participant, shall schedule the energy into ISO-NE under an Internal Bilateral Transaction (“IBT”). Under such arrangement, Seller shall transfer Buyer’s Metered Output into ISO-NE as generated, all energy revenues and charges for Buyer’s Metered Output shall be transferred directly from ISO-NE to Buyer, and Buyer shall settle with Seller for the fixed Aggregate Contract Price. Buyer is responsible only for Imbalance Energy Charges and Credits related to the Project, and any charges and credits resulting from the Forward Capacity Market (“FCM”) as described below in Section 4.7. Seller, as Lead Market Participant, will offer bids into ISO-NE at the Energy Offer Floor price, except as otherwise provided herein, and subject to any other reasonable modifications to scheduling and bidding strategies that Buyer communicates to Seller throughout the Term. The Parties agree to cooperate in a commercially reasonable manner and in accordance with Applicable Market Rules to develop such scheduling and bidding strategies.
Sample 1

Related to Internal Bilateral Transactions

  • Lateral Transfers Employees may request to be transferred to a vacant position within their classification in another department and may be transferred pursuant to such request with the written approval of their department head, the involved appointing authority and the Employer's Director of Labor Relations. Such transferred employees shall serve a three (3) month probationary period in the new position. If removed by the appointing authority during the probationary period, the involved employee shall be reassigned to a vacant position within the classification or, if none is available, to their previous position.

  • Internal Control Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

  • Mergers, Reorganizations and Equity Transfers Each of the Company and any Sponsor Affiliates acknowledges that any mergers, reorganizations or consolidations of the Company and such Sponsor Affiliates may cause the Project to become ineligible for negotiated fees in lieu of taxes under the FILOT Act absent compliance by the Company and such Sponsor Affiliates with the Transfer Provisions; provided that, to the extent provided by Section 12-44- 120 of the FILOT Act or any successor provision, any financing arrangements entered into by the Company or any Sponsor Affiliates with respect to the Project and any security interests granted by the Company or any Sponsor Affiliates in connection therewith shall not be construed as a transfer for purposes of the Transfer Provisions. Notwithstanding anything in this Fee Agreement to the contrary, it is not intended in this Fee Agreement that the County shall impose transfer restrictions with respect to the Company, any Sponsor Affiliates or the Project as are any more restrictive than the Transfer Provisions.

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