Voluntary Curtailment Credits Sample Clauses

Voluntary Curtailment Credits. EESI may from time to time request that thea Sysco PartiesParty voluntarily curtail theirits energy consumption at a certain FacilitiesFacility(ies) in exchange for a portion of the savings attributable to any such curtailment by the applicable Sysco CorporationParty (the "Sysco CorporationParty Curtailment Payment"). At the time of such request, EESI will indicate to the applicable Sysco PartiesParty the quantity of energy that EESI is requesting that such Sysco PartiesParty curtail and the amount of the Sysco CorporationParty Curtailment Payment. If the applicable Sysco PartiesParty in theirits sole discretion agreeagrees to so curtail theirits consumption at such Facilities in accordance with such request, and provided that the applicable Sysco Parties do in fact curtail such consumption in accordanceParty complies with suchthat requestagreement, (i) EESI will credit the applicable Sysco CorporationParty for the Sysco CorporationParty Curtailment Payment on the next EESI Invoice; and (ii) the applicable Sysco CorporationParty will receive a credit toward the Minimum Usage requirement hereunder (and against any Deficiency Usage) for each kWh of energy actually curtailed by the applicable Sysco PartiesParty pursuant to this Section 2.2.4. The applicable Sysco CorporationParty and EESI will cooperate to verify the quantity of energy curtailed by the applicable Sysco PartiesParty under this provision using fifteen (15) minute interval meter data from before and during any such curtailment. EESI will pay the cost of purchasing, installing and connecting any additional metering equipment necessary to compile the data contemplated by this Section.
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Voluntary Curtailment Credits. EESI may from time to time request that the Sysco Parties voluntarily curtail their energy consumption at certain Facilities in exchange for a portion of the savings attributable to any such curtailment by Sysco Corporation (the "Sysco Corporation Curtailment Payment"). At the time of such request, EESI will indicate to the applicable Sysco Parties the quantity of energy that EESI is requesting that such Sysco Parties curtail and the amount of the Sysco Corporation Curtailment Payment. If the Sysco Parties in their sole discretion agree to so curtail their consumption at such Facilities in accordance with such request, and the Sysco Parties do in fact curtail such consumption in accordance with such request, (i) EESI will credit Sysco Corporation for the Sysco Corporation Curtailment Payment on the next EESI Invoice; and (ii) Sysco Corporation will receive a credit toward the Minimum Usage requirement hereunder (and against any Deficiency Usage) for each kWh of energy actually curtailed by the Sysco Parties pursuant to this Section 2.2.4. Sysco Corporation and EESI will cooperate to verify the quantity of energy curtailed by the Sysco Parties under this provision using fifteen (15) minute interval meter data from before and during any such curtailment. EESI will pay the cost of purchasing, installing and connecting any additional metering equipment necessary to compile the data contemplated by this Section.
Voluntary Curtailment Credits. Where EESI is delivering energy directly to Customer in accordance with Schedule 1.0, EESI may from time to time request that Customer voluntarily curtail its energy consumption at certain Accounts in exchange for a portion of the savings attributable to any such curtailment by Customer (the "Customer Curtailment Payment"). At the time of such request, EESI shall indicate to Customer the quantity of energy that EESI is requesting that Customer curtail and the amount of the Customer Curtailment Payment. If Customer in its sole discretion agrees to so curtail its consumption at such Accounts in accordance with such request, EESI will confirm the quantity of energy to be curtailed and the Customer Curtailment Payment to Customer in writing. If Customer does in fact curtail such consumption in accordance with such request, (i) EESI shall credit Customer for the Customer Curtailment Payment on the next Billing Cycle; and (ii) Customer shall receive a credit toward the Minimum Usage requirement hereunder (and against any Deficiency Usage) for each kWh of energy actually curtailed by Customer pursuant to this Section 2.2.3. Customer and EESI shall cooperate to verify the quantity of energy curtailed by Customer under this provision using fifteen (15) minute interval meter data from before and during any such curtailment.
Voluntary Curtailment Credits. EESI may from time to time request that SBC voluntarily curtail its energy consumption at certain Facilities in exchange for a portion of the savings attributable to any such curtailment by SBC (the “SBC Curtailment Payment”). At the time of such request, EESI will indicate to SBC the quantity of energy that EESI is requesting that SBC curtail and the amount of the SBC Curtailment Payment. If SBC in its sole discretion agrees to so curtail its consumption at such Facilities in accordance with such request, and SBC does in fact curtail such consumption in accordance with such request, then (a) EESI will credit SBC for the SBC Curtailment Payment on the next EESI Invoice; and (b) SBC will receive a credit toward the Minimum Usage requirement hereunder (and against any Deficiency Usage) for each kWh of energy actually curtailed by SBC pursuant to this Section 2.2.4. SBC and EESI will cooperate to verify the quantity of energy curtailed by SBC under this provision using the best available (typically 15, 30, or 60 minute) interval meter data from before and during any such curtailment.
Voluntary Curtailment Credits. Where EESI has exercised an EESI Energy Sales Option, EESI may from time to time request that Customer voluntarily curtail its Energy consumption at certain Facilities in exchange for a portion of the savings attributable to any such curtailment by Customer (the "Customer Curtailment Payment"). At the time of such request, EESI shall indicate to Customer the quantity of Energy (the "Customer Curtailment Quantity") that EESI is requesting that Customer curtail and the amount of the Customer Curtailment Payment. If Customer in its sole discretion agrees to so curtail its consumption at such Facilities in accordance with such request, and Customer does in fact so curtail such consumption, (i) EESI shall credit Customer for the Customer Curtailment Payment on the next EESI Invoice; and (ii) Customer shall receive a credit toward the Minimum Usage requirement hereunder (and against any Deficiency Usage) for each kWh of Energy actually curtailed by Customer pursuant to this Section 2.2.3. Customer and EESI shall cooperate to verify the quantity of Energy curtailed by Customer under this provision using fifteen (15) minute interval meter data from an agreed upon corresponding period during which there was no curtailment. To the extent that Customer curtails less than the agreed upon consumption (a "Curtailment Imbalance"), the Customer will receive an amount equal to (i) the full Customer Curtailment Payment minus (ii) an amount equal to (a) the Customer Curtailment Quantity minus Customer's actual consumption curtailment quantity multiplied by (b) the Spot Energy Price plus (c) any reasonable costs and imbalance penalties incurred by EESI as a result of the Curtailment Imbalance.

Related to Voluntary Curtailment Credits

  • Voluntary Contributions Subrecipient must assure that voluntary contributions shall be allowed and may be solicited in accordance with the following requirements [OAA § 315(b)]: 1. The Subrecipient or any subcontractors for any Title III or Title VII-A services shall not use means tests. 2. Any Title III or Title VII-A client that does not contribute toward the cost of the services received shall not be denied services. 3. Methods used to solicit voluntary contributions for Title III and Title VII-A services shall be non-coercive. 4. Each service provider will: a) Provide each recipient with an opportunity to voluntarily contribute to the cost of the service. b) Clearly inform each recipient that there is no obligation to contribute and that the contribution is purely voluntary. c) Protect the privacy and confidentiality of each recipient with respect to the recipient’s contribution or lack of contribution; and d) Establish appropriate procedures to safeguard and account for all contributions. e) Use all collected contributions to expand the services for which the contributions were given and to supplement (not supplant) funds received under this program.

  • Voluntary Deductions A. The Employer agrees to deduct from the wages of any employee who is a member of the Union a PEOPLE deduction as provided for in a written authorization. Such authorization must be executed by the employee and may be revoked by the employee at any time by giving written notice to both the Employer and the Union. The Employer agrees to electronically remit any deductions made pursuant to this provision to the Union together with an electronic report showing: 1. Employee name;

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b). (ii) An employee may adjust the amount the employee has authorised their employer to pay from the wages of the employee from the first of the month following the giving of three months’ written notice to their employer. (iii) The employer must pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) no later than 28 days after the end of the month in which the deduction authorised under Clauses 24(d)(i) or 24(d)(ii) was made.

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

  • Collection Allocation Mechanism On the CAM Exchange Date, (a) the Commitments shall automatically and without further act be terminated as provided in Article VII, (b) each Lender shall become obligated to fund, within one Business Day, all participations in outstanding Swingline Loans held by it (it being agreed that the CAM Exchange shall not result in a reallocation of such funding obligations, but only of the funded participations resulting therefrom) and (c) the Lenders shall automatically and without further act be deemed to have made reciprocal purchases of interests in the Designated Obligations such that, in lieu of the interests of each Lender in the particular Designated Obligations that it shall own as of such date and immediately prior to the CAM Exchange, such Lender shall own an interest equal to such Lender’s CAM Percentage in each Designated Obligation. Each Lender, each person acquiring a participation from any Lender as contemplated by Section 11.04 and each Borrower hereby consents and agrees to the CAM Exchange. Each Borrower and each Lender agrees from time to time to execute and deliver to the Administrative Agent all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it hereunder to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure of any Borrower to execute or deliver or of any Lender to accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange. As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan Document in respect of the Designated Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be redetermined as of each such date of payment or distribution to the extent required by the next paragraph), but giving effect to assignments after the CAM Exchange Date, it being understood that nothing herein shall be construed to prohibit the assignment of a proportionate part of all an assigning Lender’s rights and obligations in respect of a single Class of Commitments or Loans. In the event that, after the CAM Exchange, the aggregate amount of the Designated Obligations shall change as a result of the making of an LC Disbursement of either Tranche by an Issuing Bank that is not reimbursed by the applicable Borrower, then (a) each Lender of such Tranche shall, in accordance with Section 2.05(d), promptly purchase from the applicable Issuing Bank a participation in such LC Disbursement in the amount of such Lender’s Tranche One Percentage or Tranche Two Percentage, as the case may be, of such LC Disbursement (without giving effect to the CAM Exchange), (b) the Administrative Agent shall redetermine the CAM Percentages after giving effect to such LC Disbursement and the purchase of participations therein by the applicable Lenders, and the Lenders shall automatically and without further act be deemed to have made reciprocal purchases of interests in the Designated Obligations such that each Lender shall own an interest equal to such Lender’s CAM Percentage in each of the Designated Obligations and (c) in the event distributions shall have been made in accordance with the preceding paragraph, the Lenders shall make such payments to one another as shall be necessary in order that the amounts received by them shall be equal to the amounts they would have received had each LC Disbursement been outstanding immediately prior to the CAM Exchange. Each such redetermination shall be binding on each of the Lenders and their successors and assigns and shall be conclusive absent manifest error.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

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