Settlement for yearly auctions Sample Clauses

Settlement for yearly auctions. After the results of yearly auctions have been published, ELES shall issue a pro forma invoice to all the PTR Holders of the assigned capacity. The pro forma invoices are then issued in equal monthly installments based on the actual number of MWh in the individual month. The first pro forma invoice is issued for the period of the first two (2) months (January and February) directly after the publication of the yearly auction results while the remaining pro forma invoices are issued once a month (February for March). Liabilities arising from assigned transfer capacities need to be settled by the PTR Holder within the set deadline and in the amount defined on 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 the date of publication of Auction Specification for PTRs referred to the same month of the not settled Yearly PTRs. ELES shall issue invoices for allocated yearly PTRs two (2) working days after the pro forma invoice is paid by the User the latest. In the event a PTR Holder fails to settle their liabilities within the set deadline, the entire transfer capacity assigned at the auction, on the basis of which the pro forma invoice is issued, is deemed as unallocated and ELES shall offer such transfer capacity at future auctions. ELES is entitled to make adjustments of the yearly, monthly and/or daily settlement due to increases or introduction of taxes, duties, etc.
Sample 1Sample 2
AutoNDA by SimpleDocs
Settlement for yearly auctions. After the results of yearly auctions have been published, the system operator shall issue a pro forma invoice to all the PTR Holders of the allocated capacity. The pro forma invoices are then issued in equal monthly installments based on the actual number of MWh in the individual month. The first pro forma invoice is issued for the period of the first two months (January and February) while the remaining pro forma invoices are issued once a month (February for March). Liabilities arising from allocated transfer capacities need to be settled by the PTR Holder within the set deadline and in the amount defined on 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 the date of publication of Auction Specification for PTRs referred to the same month of the not settled Monthly PTRs. In the event a PTR Holder 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. ELES is entitled to make adjustments of the yearly, monthly and/or daily settlement due to increases or introduction of taxes, duties, etc.
Sample 1

Related to Settlement for yearly 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.

  • Rental Rates and Wage Rates for Change Orders As soon as is practical, but prior to the completion of the Construction Preparation Period and in any event prior to the commencement of any Work on the Site, the Contractor shall submit in accordance with the style and format of a specimen to be furnished by the Owner for consideration of the Owner the following: (1) a proposal for rental rates on heavy construction equipment that shall apply in the event Change Order Work is performed, and (2) a proposal for wage rates for the types of project labor that shall apply in the event of the execution of any Change Order Work. Under penalty of false swearing, a principal of the contracting firm shall certify that the proposal for rental rates and proposal for wage rates do not exceed current costs for like services. The Owner will in no event consider a rental rate in excess of eighty percent of the rate set forth in the latest edition of the "Compilation of Nationally Averaged Rental Rates for Construction Equipment" of the Associated Equipment Distributors unless the rates proposed in excess of eighty percent are supported by proof satisfactory to the Owner that the excess rates are reasonable. If the equipment is owned by the Contractor the costs shall be charged at a maximum of eighty percent of market monthly rental rates for the amount of time used. If applicable, transportation costs may be included. The decision of the Owner shall be final, binding and conclusive on all parties. Rental rates shall be payable only for the actual time the equipment is required on the Site.

  • Payment for Working on a Holiday (The following clause is applicable to part-time employees only) The holidays listed in the part-time local Appendix for the purposes of Article 16.03(b) shall be the same holidays as are listed in the full-time Local Provisions Appendix. If an employee is required to work on any of the holidays set out in the local Appendix the employee shall be paid at the rate of time and one-half (1-1/2) her regular straight time hourly rate of pay for all hours worked on such holiday.

  • DATA FOR CALCULATIONS The initial calculations for any payments owing under this Agreement shall be based upon the valuations placed upon the Qualified Property by the Appraisal District in its annual certified appraisal roll submitted to the District pursuant to § 26.01 of the TEXAS TAX CODE in or about July of each year of this Agreement. The certified appraisal roll data shall form the basis from which any and all amounts due under this Agreement are calculated, and the data utilized by the Consultant will be adjusted as necessary to reflect any subsequent adjustments by the Appraisal District to the District’s appraisal roll. Any estimates used by the Consultant to make calculations as required by this Agreement shall be based on the best and most current information available. The Consultant shall from time to time adjust the data utilized to reflect actual amounts, subsequent adjustments by the Appraisal District to the District’s certified appraisal roll, or any other relevant changes to material items such as student counts or tax collections.

  • 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.

  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter.

  • DATA USED FOR CALCULATIONS The calculations for payments under this Agreement shall be initially based upon the valuations that are placed upon all taxable property in the District, including the Applicant’s Qualified Property, by the Appraisal District in its annual certified tax roll submitted to the District for each Tax Year pursuant to TEXAS TAX CODE § 26.01 on or about July 25 of each year of this Agreement. Immediately upon receipt of the valuation information by the District, the District shall submit the valuation information to the Third Party selected and appointed under Section 4.3. The certified tax roll data shall form the basis of the calculation of any and all amounts due under this Agreement. All other data utilized by the Third Party to make the calculations contemplated by this Agreement shall be based upon the best available current estimates. The data utilized by the Third Party shall be adjusted from time to time by the Third Party to reflect actual amounts, subsequent adjustments by the Appraisal District to the District’s certified tax roll or any other changes in student counts, tax collections, or other data.

  • 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.

  • 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.

  • Payment for Working Overtime on a Holiday Where an employee is required to work authorized overtime in excess of his regularly scheduled hours on a paid holiday, such employee shall receive twice (2x) his regular straight time hourly rate for such authorized overtime.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!