Monthly Cash Settlement Amount definition

Monthly Cash Settlement Amount has the meaning set forth in Section 6.2. “Monthly Amount” has the meaning set forth in Section 2.1.

Monthly Cash Settlement Amount. The Monthly Cash Settlement Amount:: Purchaser shall pay Seller the Monthly Cash Settlement Amount, in arrears, for each Calculation Period in the amount equal to the sum of the following: (a) the sum, over all hours of the Calculation Period, of the product for each such hour of the applicable Index price for each hour, multiplied by the quantity of CAISO Energy scheduled, delivered and received by Purchaser pursuant to Section 3.1 during that hour; plus (b) the product of $[XX.XX] multiplied by the quantity of Green Attributes (in MWhs) delivered or credited to Purchaser’s WREGIS account pursuant to Section 3.3 during the applicable Calculation Period. Payment Date: Notwithstanding any provision to the contrary in Section 9.2 of the Master Agreement, payments of each Monthly Cash Settlement Amount by Purchaser to Seller under this Confirmation shall be due and payable on or before the later of the twentieth (20th) day of the month in which the Purchaser receives from Seller an invoice for the Calculation Period to which the Monthly Cash Settlement Amount pertains, or within ten (10) Business Days, or, if such day is not a Business Day, then on the next Business Day, following receipt of an invoice issued by Seller for the applicable Calculation Period. The invoice shall include a statement detailing the portion of Product transferred to Purchaser during the applicable Calculation Period. Invoices to Buyer will be sent by Excel/PDF format via email to: [TO BE INSERTED] Attn: Email: Phone: Facsimile: For purposes of this Confirmation, Buyer shall be deemed to have received an invoice upon the receipt of the Excel/PDF format of the invoice. Payment to Seller shall be made by electronic funds transfer pursuant to the following: BNK: Union Bank of California For: San Diego Gas & Electric Company ABA: Routing # 000000000 ACCT: #0000000000 Confirmation: SDG&E, Major Markets FAX :( 000) 000-0000 With a copy to: San Diego Gas & Electric Company 8315 Century Park Ct. San Diego, California 92123-1593 Attn: Energy Accounting Manager Phone: (000) 000-0000 Facsimile: (000) 000-0000 Seller’s Representation, Warranties, and Covenants Related to Green Attributes

Monthly Cash Settlement Amount has the meaning set forth in Exhibit E.

Examples of Monthly Cash Settlement Amount in a sentence

• Buyer shall pay Seller the Monthly Cash Settlement Amount, in arrears, for each Calculation Period.

• If Anaheim is required by Applicable Laws to remit or pay Governmental Charges which are Seller’s responsibility hereunder, Anaheim may deduct or offset such amounts from Monthly Cash Settlement Amount to Seller made pursuant to EXHIBIT E.

• If Anaheim elects not to deduct or offset such amounts from Seller’s Monthly Cash Settlement Amount, Seller shall promptly reimburse Anaheim for such amounts upon Anaheim’s Payment Invoice request.

• Seller shall convey to Buyer the Green Attributes associated with Product no later than twenty-five (25) Business Days once the following have occurred: (a) Seller has obtained the WREGIS Certificates for the Green Attributes for the applicable Calculation Period or calendar year and (b) Seller has received Buyer’s payment of the Monthly Cash Settlement Amount in accordance with Article 6 herein.

• Buyer shall pay Seller the Monthly Cash Settlement Amount, in arrears, for each Monthly Calculation Period.

• Such Monthly Cash Settlement Amount constitutes payment for the Product, including the Green Attributes, for such applicable Calculation Period.

• Product refused by Buyer pursuant to this Paragraph 3 of EXHIBIT D shall not be considered Product for the purpose of calculating the Monthly Cash Settlement Amount as contemplated in Appendix E.

• Seller shall convey to Buyer the Green Attributes associated with Product no later than twenty-five (25) Business Days once the following have occurred: (a) Seller has obtained the WREGIS Certificates for the Green Attributes for the applicable Calculation Period or calendar year and (b) Seller has received Buyer’s payment of the Monthly Cash Settlement Amount in accordance with Article 5 herein.

• Seller shall convey to Buyer the Green Attributes associated with the Products no later than twenty-five (25) Business Days once the following have occurred: (a) Seller has obtained the WREGIS Certificates for the Green Attributes for the applicable Calculation Period or calendar year and (b) Seller has received Buyer’s payment of the Monthly Cash Settlement Amount in accordance with Article 5 herein.

• By March 31 of each calendar year, Seller will perform a true-up process for every Monthly Cash Settlement Amount from the previous year (“Annual Cash Settlement Amount”), where Seller will recalculate every Monthly Cash Settlement Amount from the prior calendar year that used the forecasted RPS MPB to instead use the final RPS MPB in congruence with Section 5.2.