Examples of Estimated Liability in a sentence
Notwithstanding anything else herein, the State's total liability under this Contract (including without limitation any exhibits, schedules, amendments or other attachments to the Contract) or otherwise shall under no circumstances exceed the Estimated Liability.
For a Counter-Party that has QSEs representing both LSE and Resources, ERCOT shall calculate the Counter-Party’s IEL using the following formula: IEL = DEL * Max [0.1, RTEFL] * RTAEP * (M1 + M2) + DEG * Max [0.1, RTEFG] * RTAEP * (M1 + M2)The above variables are defined as follows: Variable Unit Description IEL $ Initial Estimated LiabilityThe Counter-Party’s Initial Estimated Liability.
No additional funding shall be allocated for these certifications, authorizations, or audits as these are included in the Estimated Liability of this Contract.
For a Counter-Party that has all its QSEs representing only Resources, ERCOT shall calculate the IEL using the following formula: IEL = DEG * Max [0.2, RTEFG] * RTAEP * (M1 + M2)The above variables are defined as follows:Variable IEL $ Initial Estimated LiabilityThe Counter-Party’s Initial Estimated Liability.
For a Counter-Party that has all its QSEs representing only LSEs, ERCOT shall calculate the IEL using the following formula: IEL = DEL * Max [0.2, RTEFL] * RTAEP * (M1 + M2)The above variables are defined as follows: Variable IEL $ Initial Estimated LiabilityThe Counter-Party’s Initial Estimated Liability.