Examples of Annual Refund in a sentence
Monthly Discount Percentage: For each Month of the Initial Reset Period, [ ]%, and for each Month of any other Reset Period, the percentage determined by the Calculation Agent pursuant to the Re- Pricing Agreement, exclusive of any Annual Refund; provided that the Monthly Discount Percentage shall be 0% following the end of the Delivery Period.
In addition to any Monthly Discount Percentage applied to Energy Scheduled hereunder, Issuer shall credit such Annual Refund to Purchaser as may be available for distribution by Issuer pursuant to Section 5.12(b) of the Bond Indenture during the Delivery Period, subject to the provisions of this Section 3.3. Such Annual Refund, if any, shall be credited to the next amount due from Purchaser following the release of funds for such purpose to Issuer under the terms of the Bond Indenture.