Examples of California Litigation Escrow in a sentence
Said amount shall be paid into the California Litigation Escrow and allocated among the California Utilities on a pro rata basis determined with reference to the total principal amount of the refund (including Deemed Distributions) allocated to each of the California Utilities in the Allocation Matrix for that period.
Said amount shall be paid into the California Litigation Escrow and allocated among the California Utilities pursuant to an allocation set forth in the Allocation Agreement.
Each Party shall reasonably and in good faith cooperate with each other and the ISO and PX and take all reasonable steps to secure (i) the release and transfer of funds to the Settling Supplier Refund Escrow and California Litigation Escrow as contemplated by this Agreement, (ii) the accounting treatment contemplated under this Article VI, and (iii) any other acts of the PX or the ISO necessary to effectuate the terms of this Agreement.
All funds in the California Litigation Escrow shall be distributed in accordance with the terms of a separate agreement among the California Parties (the “Allocation Agreement”).
The costs and maintenance of the Settling Supplier Refund Escrow and the California Litigation Escrow (including related accounting costs) shall be borne by the California Parties.
In addition, the Parties state that the Settlement provides for the release of$30,000, identified as the Settling Supplier’s interest shortfall amount, to the California Litigation Escrow established by the California Parties.
Said amount shall be paid into the California Litigation Escrow and allocated among the California Utilities on a pro rata basis determined with reference to the total principal amount of the refund (including Deemed Distributions) allocated to each of the California Utilities in the FERC Refund Allocation Matrix for that period.
Distributions from the California Litigation Escrow will accrue interest only from the date that the California Litigation Escrow is funded and at the rate of interest earned on the funds held in the California Litigation Escrow.
Distribution of funds in the California Litigation Escrow is addressed in Settlement section 5.4.
Said amount shall be paid into the California Litigation Escrow and allocated among the California Utilities on a pro rata basis determined with reference to the total principal amount of the refund allocated to each of the California Utilities in the Allocation Matrix for that period.