Financial Interest definition
Examples of Financial Interest in a sentence
To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing.
The Company shall issue this Agreement within 10 Business Days of either (i) the execution of the Interconnection Agreement for the Facility, or (ii) for a Facility that does not have an interconnection agreement but has an interconnection queue position, and the Customer has provided to the Company documentation that it has attained Financial Interest for at least ninety percent (90%) of the Facility capacity, output, or other form of participation or subscription.
Company and Shared Financial Interest Customer (or Project Sponsor or Project Sponsor’s designated agent, as applicable) shall work together in good faith to make the billing adjustment as soon as practicable and shall make every attempt to correct the billing within one (1) Billing Period from identification of the need for the billing adjustment.
If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account.
The Credits will expire 12 months from the date they were allocated to the Shared Financial Interest Customer(s).