Annual True-Up definition

Annual True-Up has the meaning assigned to that term in Annex 1.

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Annual True-Up has the meaning set forth in Exhibit 2 Product Price and Quantity.

Annual True-Up means a dollar amount used to reconcile actual and projected costs and usage for all Customer Renewable Resources for a True-Up Period, as determined by Company within thirty (30) days of each True-Up Date and calculated in accordance with the following formula:

Examples of Annual True-Up in a sentence

The Servicer shall implement the revised Fixed Recovery Charges, if any, resulting from such Routine Annual True-Up Adjustment as of the Annual Adjustment Date.
The Servicer shall implement the revised Securitization Charges, if any, resulting from such Annual True-Up Adjustment as of the Annual True-Up Adjustment Date.
The Servicer shall implement the revised Transition Charges, if any, resulting from such Annual True-Up Adjustment as of the Annual True-Up Adjustment Date.
For the avoidance of doubt, no Annual True-Up Adjustment or Interim True-Up Adjustment shall be considered a Non-Standard True-Up Adjustment solely because Transition Charges are allocated under such Annual True-Up Adjustment or Interim True-Up Adjustment in the same manner as in a preceding Non-Standard True-Up Adjustment.
The RR component shall equal the (a) Historical Transmission Revenue Requirement, plus (b) the Forecasted Transmission Revenue Requirement which shall exclude the impact of any Transmission Support Payments, plus (c) the Annual True-Up, determined in accordance with the Formula Rate.

More Definitions of Annual True-Up

Annual True-Up has the meaning set forth in Section 2.5(b)(i).

Annual True-Up means County’s annual determination (typically to occur in April or May of each year after the annual financial audit of the Transportation Surtax funds received in the prior Fiscal Year) of whether the County satisfied its Minimum Annual Guarantee commitment in the prior Fiscal Year. For example purposes, in April/May 2026, the results from the Fiscal Year 2025 annual financial audit will be completed and a determination will be made as to whether County met the Minimum Annual Guarantee commitment for Fiscal Year 2025.

Annual True-Up has the meaning assigned to that term in Annex 1. “Authority” means the Long Island Power Authority and any successor thereto.

Annual True-Up has the meaning set forth in Section 2.7.1.

Annual True-Up has the meaning set forth in Section 6.11.1.

Annual True-Up means a dollar amount used to rec-0ncile actual and projected costs and usage for all Customer Renewable Resources for a True-Up Period, as determined by Company