Common use of Wash Up Clause in Contracts

Wash Up. If Transpower is required to repay to the Clearing Manager or the Load Following Generator under the Electricity Governance Rules any part of any losses and constraint excess payment previously received by it (the "Wash-Up Amount") it will calculate the proportion of the Wash-Up Amount which was credited to the Customer (in dollars) (the "Customer Wash-Up Amount"), and it may either:

Appears in 2 contracts

Samples: Benchmark Agreement, www.ea.govt.nz

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Wash Up. If Transpower is required to repay to the Clearing Manager or the Load Following Generator clearing manager under the Electricity Governance Rules [Code] any part of any losses and constraint excess payment previously received by it (the "Wash-Up Amount") it will calculate the proportion of the Wash-Up Amount which was credited to the Customer (in dollars) (the "Customer Wash-Up Amount"), and it may either:

Appears in 2 contracts

Samples: Benchmark Agreement, Benchmark Agreement

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Wash Up. If Transpower is required to repay to the Clearing Manager or the Load Following Generator clearing manager under the Electricity Governance Rules any part of any losses and constraint excess payment previously received by it (the "Wash-Up Amount") it will calculate the proportion of the Wash-Up Amount which was credited to the Customer (in dollars) (the "Customer Wash-Up Amount"), and it may either:

Appears in 2 contracts

Samples: static.transpower.co.nz, www.ea.govt.nz

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