Settlement for monthly auctions Sample Clauses

Settlement for monthly auctions. After the results of monthly auctions have been published, the Auction Operator shall issue a pro forma invoice to the Auction Participant namely for the entire allocated period. Liabilities arising from allocated monthly capacities need to be settled by the Auction Participants within the set deadline and in the amount defined on the pro forma invoice, namely by remitting the outstanding amount onto the Auction Operator’s bank account. Payment deadline is set not later than two (2) Working Days before date of publication of Auc- tion Specification for Daily auction referred to the same month of the not settled Monthly PTRs. ELES shall issue the invoice for allocated monthly PTRs two (2) Working Days after the pro forma invoice is paid by the Auction Participant the latest. In the event an Auction Participant fails to settle their liabilities within the set deadline, the en- tire transfer capacity allocated at the auction on the basis of which the pro forma invoice is is- sued, is deemed as unallocated and the Auction Operator shall offer such transfer capacity at future auctions.
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Settlement for monthly auctions. After the results of monthly auctions have been published, the System Operator shall issue a pro forma invoice to the Auction Participant namely for the entire allocated period. Liabilities arising from allocated transfer capacities need to be settled by the Auction Participants within the set deadline and in the amount defined on the pro forma invoice, namely by remitting the outstanding amount onto the System Operator’s bank account. Payment deadline is set not later than two (2) working days before date of publication of Auction Specification for Daily PTRs referred to the same month of the not settled Monthly PTRs. In the event an Auction Participant fails to settle their liabilities within the set deadline, the entire transfer capacity allocated at the auction on the basis of which the pro forma invoice is issued, is deemed as unallocated and the Auction Operator shall offer such transfer capacity at future auctions.
Sample 1
Settlement for monthly auctions. After the results of monthly auctions have been published, ELES shall issue a pro forma invoice to the Auction Participant namely for the entire allocated period. Liabilities arising from assigned monthly capacities need to be settled by the Auction Participants within the set deadline and in the amount defined on the pro forma invoice, namely by remitting the outstanding amount onto the ELES‟s bank account. Payment deadline is set not later than two (2) working days before date of publication of Auction Specification for Daily auction referred to the same month of the not settled Monthly PTRs. ELES shall issue the invoice for allocated monthly PTRs two
Sample 1

Related to Settlement for monthly auctions

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Adjustment for Excess Volume If Sale Area Map indicates that there are incompletely Marked subdivisions and if Contracting Officer determines that the volume cut will be more than 120 percent of the total es- timated volume listed in A2, Forest Service, upon request by Purchaser, shall make an adjustment in Marking or cutting unit boundaries with the objective of designating for cutting the approximate estimated volumes by species listed in A2. Such adjustments in volumes shall be con- fined to (a) Marking adjustments on Sale Area and (b) re- duction in area to be cut over. Such adjustments or re- ductions shall not conflict with the silvicultural treatment being applied on Sale Area and shall not materially change the average value by species of the timber desig- nated for cutting. Such adjustments may be made not- withstanding the provisions of B1.1 and B2.3. If the timber designated for cutting is not reduced by such adjustments to less than 120 percent of the total es- timated quantity listed in A2, Purchaser, after cutting 120 percent of the total estimated volume listed in A2, may elect to have Sale Area reduced to eliminate the remain- ing Included Timber. However, where felling operations have been started, units of minimum practical size shall be retained in Sale Area.

  • CALCULATION OF LOSS FOR SHORT SALE LOANS No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)

  • Payment of Monthly Bills 10.3.1 SECI shall pay the amount payable under the Monthly Xxxx/Supplementary Xxxx by the Due Date to such account of the SPD, as shall have been previously notified by the SPD in accordance with Article10.3.2 (iii) below.

  • CONTRACT AMOUNT AND PAYMENT FOR SERVICES 5.1 Fiscal Year 2020 Contract Amount. The total amount of HHSC's share of this Contract for fiscal year 2020 shall not exceed $3,615,665.86. LIDDA's share of this Contract for fiscal year 2020, the local match, is $289,027.35. The total value of this Contract for fiscal year 2020 shall not exceed $3,904,693.21.

  • Monthly Billing The electric service charge shall be computed in accordance with the monthly billing in the applicable standard service tariff. Customers receiving electric service under residential and small nonresidential schedules 1, 2, 3, 15, 23 or 23B shall be financially credited for such net energy with a cumulative kilowatt-hour credit. The credit will be deducted from the customer’s kilowatt-hour usage on the customer’s next monthly bill thus offsetting the customer’s next monthly bill at the full retail rate of the customer’s rate schedule. Customers receiving electric service under large nonresidential schedules 6, 6A, 6B, 8 or 10 must elect a compensation method to receive cumulative credits for the upcoming annualized billing period from one of the following options (large nonresidential customers must initial desired credit election): an average energy price, a seasonally differentiated energy price, or an average retail rate.

  • AFTER AUCTION 6.1 Any successful E-bidders shall and undertake to sign the contract of sale and pay the additional 10% for the difference of the purchase price within two (2) working days to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

  • Shortfall of Annual Working Hours There shall be no pay back for shortfall of annual working hours in the shift systems determined in this Agreement.

  • BEFORE AUCTION 4.1 All intended bidder can access to the ESZAM AUCTIONEER SDN BHD website to download the Proclamation of Sale (POS) & Conditions of Sale (COS). By proceeding with E-bidding with ESZAM AUCTIONEER SDN BHD, the E-bidders’ have agreed and accepted the ESZAM AUCTIONEER SDN BHD terms and conditions. Any bid by registered E-bidder shall not be withdrawn once entered.

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