Common use of Recomputation and Payment Adjustments Clause in Contracts

Recomputation and Payment Adjustments. (a) If Seller or Anaheim determines that a calculation of Metered Amounts, CAISO Charges, or Anaheim Penalties is incorrect as a result of inaccurate meters, the correction of data by the CAISO in OMAR, or a recalculation of CAISO Charges or other amounts owing between the Parties, Seller or Anaheim, as the case may be, shall promptly recompute the Metered Amounts, CAISO Charges, Anaheim Penalties or other amounts for the period of the inaccuracy based upon an adjustment of inaccurate meter readings, correction of data or recalculation of CAISO Charges in accordance with the CAISO Tariff and any payment affected by the adjustment or correction.

Appears in 3 contracts

Samples: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement

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Recomputation and Payment Adjustments. (a) If Seller or Anaheim determines that a calculation of Metered Amounts, CAISO Charges, or Anaheim Penalties is incorrect as a result of inaccurate meters, the correction of data by the CAISO in OMAR, or a recalculation of CAISO Charges or other amounts owing between the Parties, Seller or Anaheim, as the case may be, shall promptly recompute the Metered Amounts, CAISO Charges, Anaheim Penalties or other amounts for the period of the inaccuracy based upon an adjustment of inaccurate meter readings, correction of data or recalculation of CAISO Charges in accordance with the CAISO Tariff and any payment affected by the adjustment or correction.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

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