Examples of Calculation Notice in a sentence
The IPA shall endeavor on a commercially reasonable basis to issue to Buyer and Seller a revised Price Calculation Notice for such Vintage Month within thirty (30) days of receipt of Seller’s corrected data.
In instances in which a Party disputes the REC Monthly Price calculated by the IPA, the Party has from the time the IPA issues the Price Calculation Notice to Buyer and Seller until the end of that month to request review of the pricing calculations.
Notwithstanding the foregoing, if the Price Calculation Notice is issued by the IPA later than the twentieth (20th) day of the month following the Vintage month, then the Invoice Due Date pursuant to Section 5.1 and the payment due date pursuant to Section 5.2 shall also be extended on a day-by-day basis for each day that the Price Calculation Notice is late.
In the event that the proceeds of the transaction giving rise to the obligation to pay Net Proceeds Share are comprised, in whole or in part, of assets other than cash, then the cash payment of the Net Proceeds Share shall reflect the fair market value of such non-cash assets as of the date of the Change of Ownership, which shall be set forth in the Calculation Notice.
Payment is as follows: The REC Monthly Price shall be the price indicated as such in the Price Calculation Notice issued by the IPA to Buyer and Seller for the applicable Vintage month.