Common use of True Up Adjustment for Negative Imbalance Energy (Under Deliveries) Clause in Contracts

True Up Adjustment for Negative Imbalance Energy (Under Deliveries). For each CAISO Settlement time interval in which there is Negative Imbalance Energy and the Imbalance Price is lower than the product of Contract Price and the applicable XXX Factor, Buyer shall deduct from Monthly XXX Payment to Seller the amount equal to the absolute value of the product of (i) the quantity of the Negative Imbalance Energy and (ii) the difference between (A) the Imbalance Price and (B) the product of the Contract Price and the applicable XXX Factor.

Appears in 2 contracts

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

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True Up Adjustment for Negative Imbalance Energy (Under Deliveries). For each CAISO Settlement time interval in which there is Negative Imbalance Energy and the Imbalance Price is lower than the product of the Contract Price and the applicable XXX Factor, Buyer shall deduct from Monthly XXX Payment to Seller the an amount equal to the absolute value of the product of (i) the quantity of the Negative Imbalance Energy and (ii) the difference between (A) the Imbalance Price and (B) the product of the Contract Price and the applicable XXX Factor.

Appears in 2 contracts

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

True Up Adjustment for Negative Imbalance Energy (Under Deliveries). For each CAISO Settlement time interval in which there is Negative Imbalance Energy and the Imbalance Price is lower than the product of Contract Price and times the applicable XXX Factor, Buyer shall deduct from Monthly XXX Payment to Seller the amount equal to the absolute value of the product of (i) the quantity of the Negative Imbalance Energy and (ii) multiplied by the difference between (A) the Imbalance Price and (B) the product of the Contract Price and times the applicable XXX Factor.

Appears in 2 contracts

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

True Up Adjustment for Negative Imbalance Energy (Under Deliveries). For each CAISO Settlement time interval in which there is Negative Imbalance Energy and the Imbalance Price is lower than the product of Contract Price and the applicable XXX FactorPrice, Buyer shall deduct from the Monthly XXX Payment to Seller the an amount equal to the absolute value of the product of (i) the quantity of the Negative Imbalance Energy and (ii) the difference between (A) the Imbalance Price and (B) the product of the Contract Price and the applicable XXX FactorPrice.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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True Up Adjustment for Negative Imbalance Energy (Under Deliveries). For each CAISO Settlement time interval in which there is Negative Imbalance Energy and the Imbalance Price is lower than the product of the Contract Price [and the applicable XXX Factor], Buyer shall deduct from [monthly payment] [Monthly XXX Payment Payment] to Seller the an amount equal to the absolute value of the product of (i) the quantity of the Negative Imbalance Energy and (ii) the difference between (A) the Imbalance Price and (B) the product of the Contract Price [and the applicable XXX Factor].

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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