Common use of Transaction Procedures and Information Clause in Contracts

Transaction Procedures and Information. (a) MW Gen shall promptly deliver all material information related to the condition and output of the Facilities or as otherwise reasonably requested by EMMT from time to time and promptly deliver to EMMT security coordinator, reliability region, independent system operator, regional transmission organizations, governmental authorities (collectively, "Reliability Organizations"), and other third party notices or communications. MW Gen shall also designate EMMT to Reliability Organizations as having any and all authority necessary to effectuate the Transactions provided for in this Energy Schedule. (b) The transaction price ("Transaction Price"), quantity ("Transaction Quantity") and delivery point ("Delivery Point") of Energy purchased or sold by EMMT and MW Gen under this Agreement, and the terms and conditions of any financial transaction entered into under this Agreement, shall be established in a Back-to-Back Transaction between EMMT and an unrelated third party (except for Disclosed Agent Transactions). Each Energy Transaction hereunder shall be designated by EMMT as a "hedge transaction" in EMMT's Energy Trading System or other applicable software at or before the execution of its corresponding Back-to-Back Transaction (except for Disclosed Agent Transactions, which shall be designated at the time of such Transaction), and shall be subsequently evidenced by a written notice (a "Transaction Notice") from EMMT that includes reasonable detail of such Transaction, including the Transaction Price, Transaction Quantity, and Delivery Point. Such notice may be provided (i) in a monthly accounting journal entry; or (ii) in such other form as agreed by the Parties in writing.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

AutoNDA by SimpleDocs

Transaction Procedures and Information. (a) MW Gen shall promptly deliver all material information related to the condition its Emission Allowances and output of the Facilities or as otherwise reasonably requested by EMMT from time Emission Allowance requirements to time and promptly deliver to EMMT security coordinator, reliability region, independent system operator, regional transmission organizations, governmental authorities (collectively, "Reliability Organizations"), and other third party notices or communicationsEMMT. MW Gen shall also designate further notify EMMT to Reliability Organizations as having of any and all authority necessary to effectuate the Transactions provided for in this Energy Scheduleregulatory or third party actions that could reasonably affect such Emission Allowances or Emission Allowance requirements. (b) The transaction price ("Transaction Price"), quantity ("Transaction Quantity") and delivery point ), the date on which the seller of the Emission Allowance must submit the Allowance Transfer Form to the EPA ("Delivery PointDate") ), type of Energy Emission Allowance, Vintage Year, of Emission Allowances purchased or sold by EMMT and MW Gen under this Agreement, and the terms and conditions of any financial transaction entered into under this Agreement, shall be established in a Back-to-Back Transaction between EMMT and an unrelated third party (except for Disclosed Agent Transactions). Each Energy Emission Allowance Transaction hereunder shall be designated by EMMT as a "hedge transaction" in EMMT's Energy Trading System or other applicable software at or before the execution of its corresponding Back-to-Back Transaction (except for Disclosed Agent Transactions, which shall be designated at the time of such Transaction), and shall be subsequently evidenced by a written notice (a "Transaction Notice") from EMMT that includes reasonable detail of such Transaction, including the Transaction Price, Transaction Quantity, and Delivery PointDate. Such notice may be provided (i) in a monthly accounting journal entry; or (ii) in such other form as agreed by the Parties in writing.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

Transaction Procedures and Information. (a) MW Gen Xxxxx City shall promptly deliver all material information related to the condition and output of the Facilities Facility or as otherwise reasonably requested by EMMT from time to time time, and shall promptly deliver to EMMT copies of any and all notices or communications sent to and actually received by Xxxxx City from any security coordinator, reliability region, independent system operator, regional transmission organizations, governmental authorities (collectively, "Reliability Organizations"), and other third party notices or communicationscommunications actually received by Xxxxx City. MW Gen Xxxxx City shall also designate EMMT to Reliability Organizations as having any and all authority necessary to effectuate the Transactions provided for in this Energy Schedule. (b) The transaction price ("Transaction Price"), quantity ("Transaction Quantity") and delivery point ("Delivery Point") of Energy purchased or sold by EMMT and MW Gen Xxxxx City under this Agreement, and the terms and conditions of any financial transaction entered into under this Agreement, shall be established in a Back-to-Back Transaction between EMMT and an unrelated third party (except for Disclosed Agent Transactions). Each Energy Transaction hereunder shall be designated by EMMT as a "hedge transaction" in EMMT's Energy Trading System or other applicable software at or before the execution of its corresponding Back-to-Back Transaction (except for Disclosed Agent Transactions, which shall be designated at the time of such Transaction), and shall be subsequently evidenced by a written notice (a "Transaction Notice") from EMMT that includes reasonable detail of such Transaction, including the Transaction Price, Transaction Quantity, and Delivery Point. Such notice may be provided (i) in a monthly accounting journal entry; or (ii) in such other form as agreed by the Parties in writing.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Eme Homer City Generation Lp)

AutoNDA by SimpleDocs

Transaction Procedures and Information. (a) MW Gen MWGen shall promptly deliver all material information related to the condition and output of the Facilities or as otherwise reasonably requested by EMMT from time to time and promptly deliver to EMMT security coordinator, reliability region, independent system operator, regional transmission organizations, governmental authorities (collectively, "Reliability Organizations"), and other third party notices or communications. MW Gen MWGen shall also designate EMMT to Reliability Organizations as having any and all authority necessary to effectuate the Transactions provided for in this Energy Schedule. (b) The transaction price ("Transaction Price"), quantity ("Transaction Quantity") and delivery point ("Delivery Point") of Energy purchased or sold by EMMT and MW Gen MWGen under this Agreement, and the terms and conditions of any financial transaction entered into under this Agreement, shall be established in a Back-to-Back Transaction between EMMT and an unrelated third party (except for Disclosed Agent Transactions). Each Energy Transaction hereunder shall be designated by EMMT as a "hedge transaction" in EMMT's Energy Trading System or other applicable software at or before the execution of its corresponding Back-to-Back Transaction (except for Disclosed Agent Transactions, which shall be designated at the time of such Transaction), and shall be subsequently evidenced by a written notice (a "Transaction Notice") from EMMT that includes reasonable detail of such Transaction, including the Transaction Price, Transaction Quantity, and Delivery Point. Such notice may be provided (i) in a monthly accounting journal entry; or (ii) in such other form as agreed by the Parties in writing.

Appears in 1 contract

Samples: Master Purchase, Sale and Services Agreement (Midwest Generation LLC)

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