Examples of Clearing Account in a sentence
NYISO shall make payments, from the NYISO’s Clearing Account, to PJM consistent with Section 7.1A(a) (Payments: Monthly Bills), 7.1A(b) (Payments: Weekly Bills), 7.1A(c) (Payments: Form of Payments), and 7.1A(e) (Payments: Payment Calendar) of the PJM OATT or any successor PJM OATT provision(s).
The Liquidity Provider delivers ether to the Trust’s Clearing Account in exchange for the cash purchase price, a delivery facilitated by the Ether Custodian under the Clearing Agreement.
On the Redemption Settlement Date, the Liquidity Provider delivers cash to the Trust’s Clearing Account in exchange for the cash purchase price, as facilitated by the Ether Custodian under the Clearing Agreement.
PJM shall make payments to the NYISO’s Clearing Account consistent with Sections 7.2.3.3 (Payment by the Customer) and 7.2.5 (Method of Payment) of the NYISO Services Tariff or any successor NYISO Services Tariff provision(s).
Upon settlement of the ether sale by the Trust to the Liquidity Provider and the receipt of the Liquidity Provider’s cash in the Trust’s Clearing Account, the Trust instructs the Ether Custodian to transfer the cash to the Trust’s Cash Custodian account.