Common use of PJM Member Default Cost Allocation Clause in Contracts

PJM Member Default Cost Allocation. In the event PJM imposes a Default Allocation Assessment upon Duke Energy Ohio relating to a default during the Term, Duke Energy Ohio may, in its sole discretion, invoice each SSO Supplier, based on its SSO Supplier Responsibility Share, for amounts determined, in Duke Energy Ohio’s sole discretion, to be properly payable by such SSO Supplier from the Default Allocation Assessment and each SSO Supplier shall pay such amounts within three (3) Business Days after receipt of such invoice, subject to the dispute resolution procedures set forth in Article 11.

PJM Member Default Cost Allocation. In the event PJM imposes a Default Allocation Assessment upon Duke Energy Ohio relating to a default during the Term, Duke Energy Ohio may, in its sole discretion, invoice each SSO the XXXX Supplier, based on its SSO XXXX Supplier Responsibility Share, for amounts determined, in Duke Energy Ohio’s sole discretion, to be properly payable by such SSO the XXXX Supplier from the Default Allocation Assessment and each SSO the XXXX Supplier shall pay such amounts within three (3) Business Days after receipt of such invoice, subject to the dispute resolution procedures set forth in Article 11.