IOU Settlement Agreements Sample Clauses

IOU Settlement Agreements. After completion of the Administrator’s Supplemental ROD, BPA began the development of a prototype Residential Purchase and Sale Agreement (RPSA) and a prototype Settlement Agreement. On May 5, 2000, BPA sent a letter to all interested parties requesting comments on the proposed agreements. BPA’s letter included a background document describing the two agreements. BPA also enclosed copies of the draft RPSA and Settlement Agreement. BPA’s letter and attachment noted that BPA’s Power Subscription Strategy proposed comprehensive settlements of the REP with participating regional IOUs and that IOUs would also have the option of entering into contracts to participate in the REP. The Power Subscription Strategy also noted that public agency customers were eligible to enter RPSAs under the REP. BPA’s letter noted that BPA had prepared a prototype RPSA to implement the REP and that this prototype would be used as the basis for contracting with all eligible parties to apply for benefits under the REP. BPA requested public comment on the following issues: (1) which entities are eligible utilities to request benefits under section 5(c) of the Northwest Power Act; (2) BPA’s proposal to implement the in lieu provisions of section 5(c)(5) of the Northwest Power Act through wholesale market purchases; (3) any exceptions to the limitations of section 5(c)(6) that preclude the restriction of exchange sales under section 5(c) below the amounts of power acquired from, or on behalf of, the utility pursuant to section 5(c); and (4) any comments on the terms and conditions of the prototype RPSA agreement. BPA’s letter also described BPA’s proposal for comprehensive settlement of the rights of regional IOUs eligible for benefits under the REP. BPA noted that it had prepared a prototype Settlement Agreement for implementing the Subscription Strategy. The prototype provided power sales pursuant to a contract offered under section 5(b) of the Northwest Power Act. The prototype also provided for the payment of monetary benefits. BPA requested public comment on all relevant issues, including the following issues: (1) any comments on the terms and conditions of the prototype Settlement Agreement; and (2) whether the total amount of benefits and the proposed terms and conditions for settling the rights of regional IOUs to request benefits under the REP were reasonable. BPA’s letter noted that BPA’s Power Subscription Strategy proposed an allocation of benefits to the region’s IOUs that...
Sample 1
AutoNDA by SimpleDocs

Related to IOU Settlement Agreements

  • Authority to Enter Into Settlement Agreement 5.1 CAG represents that its signatory to this Settlement Agreement has full authority to enter into and legally bind CAG to this Settlement Agreement.

  • EXECUTION OF SETTLEMENT AGREEMENT 37. This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Enforcement of Settlement Agreement 11.1 Any party may file suit before the Superior Court of the County of Los Angeles, consistent with the terms and conditions set forth in paragraphs 11.2 and

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • FAILURE TO HONOUR SETTLEMENT AGREEMENT 32. If this Settlement Agreement is accepted by the Hearing Panel and, at any subsequent time, the Respondent fails to honour any of the Terms of Settlement set out herein, Staff reserves the right to bring proceedings under section 24.3 of the By-laws of the MFDA against the Respondent based on, but not limited to, the facts set out in Part IV of the Settlement Agreement, as well as the breach of the Settlement Agreement. If such additional enforcement action is taken, the Respondent agrees that the proceeding(s) may be heard and determined by a hearing panel comprised of all or some of the same members of the hearing panel that accepted the Settlement Agreement, if available.

  • Memorandum of Understanding/Settlements The Parties recognize that during the term of this Agreement situations may arise which require that terms and conditions not specifically and clearly set forth in the Agreement must be clarified or amended. Under such circumstances, the PBA is specifically authorized by employees to enter into the settlement of grievance disputes or memorandum of understanding which clarifies or amends this Agreement, without having to be ratified by employees.

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

  • Agreement Settlement Agreement Settlement will be used to confirm the offer and delivery of A&D 63 Services by County and determine satisfaction of the minimum performance requirements and quality measures, based on data properly reported in accordance with Section 3., “Special Reporting Requirements” above.

  • Settlement Agreement Respondent understands that Respondent has the right to a formal adjudicatory hearing concerning this matter and that at said hearing Respondent would possess the right to confront and cross-examine witnesses, to call witnesses, to present evidence, to testify on Respondent’s own behalf, to contest the allegations, to present oral argument, and to appeal to the courts. Further, Respondent fully understands the nature, quality, and dimensions of these rights. Respondent understands that by signing this Settlement Agreement,

Time is Money Join Law Insider Premium to draft better contracts faster.