Monthly Settlement definition

Monthly Settlement shall have the meaning specified in Section 4.4(a).
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Monthly Settlement means the monthly settlement process set forth in the ISO New England Manuals.
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Monthly Settlement means the making of all payments and adjustments specified in Section 7.03, including, without limitation, Account Adjustments and Reinsurer Top-Up Payments.
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Examples of Monthly Settlement in a sentence

  • All disbursements shall be made by “Electronic Funds Transfer” (EFT) via “Automated Clearing House” (ACH), to a bank designated in writing by the Company or QFCP Generator to which disbursement is owed, by 11:59:59 pm EPT on the Monthly Settlement Date.

  • Subject to the Subordination Provisions set forth below, the Buyer shall pay accrued interest on this Subordinated Note on each Monthly Settlement Date, and shall pay accrued interest on the amount of each principal payment made in cash on a date other than a Monthly Settlement Date at the time of such principal payment.

  • On the Monthly Settlement Date, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice, subject to Section 7.5 (Netting of Payments).

  • In connection with any amounts to be reimbursed to any Lender on a Settlement Date pursuant to this Section, the Borrower hereby agrees that it shall cause the Servicer to reflect such amounts to be reimbursed to each Lender on the Servicer’s Monthly Settlement Certificate.

  • Buyer shall be responsible for procuring from the PJM spot market the full-requirements service for Residential and Type I SOS that is in excess of the Residential Monthly Settlement Base Load and the Type I Monthly Settlement Base Load, respectively.

  • Buyer and Seller shall discharge mutual debts and payment obligations due and owing to each other under this Agreement, as of the Monthly Settlement Date, such that all amounts owed by each Party to the other Party shall be reflected in a single amount due to be paid by the Party who owes it and received by the other Party, provided that the calculation of the net amount shall not include any disputed amounts being withheld pursuant to Section 7.6 (Billing Disputes and Adjustments of Invoices).

  • Buyer and Seller shall discharge mutual debts and payment obligations due and owing to each other under this Agreement, as of the Monthly Settlement Date, such that all amounts owed by each Party to the other Party shall be reflected in a single amount due to be paid by the Party who owes it and received by the other Party, provided that the calculation of the net amount shall not include any disputed amounts being withheld pursuant to Section 7.5 (Billing Disputes and Adjustment of Invoices).

  • For twice monthly payments, the Monthly Settlement Date will apply to the payment for the second twice-monthly billing period.

  • The amount of Monthly Settlement Load with respect to any calendar month during the Delivery Period shall be determined in terms of megawatt-hours (MWh) of Energy and, where applicable, megawatts (MW) of demand.

  • Seller’s verification of accuracy shall be limited to confirming the applicable load weighted Residential, Type I and Type II Monthly Settlement Base Prices.


More Definitions of Monthly Settlement

Monthly Settlement means the net amount due and payable to either party with respect to any Accounting Period. "Non-Assumed Policies" means Reinsured Policies that shall not have been novated to the Reinsurer under the terms of the Assumption Reinsurance Agreement, and under which the Company retains primary liability. "Other Amounts" shall have the meaning set forth in Section 4.02.
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Monthly Settlement or “Monthly Settlement Data” means the settlement data received for a settlement month approximately 3 weeks after the last day of the settlement month as described in AUC Rule 021: Settlement System Code Rules;
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Monthly Settlement means the net amount due and payable to either party, as defined in Schedule C, with respect to any Accounting Period.
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Monthly Settlement shall have the meaning specified in Section 6.3. “Monthly Settlement Date” shall have the meaning specified in Section 6.3.
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Monthly Settlement as used in this Agreement is defined in Section 9.1(a).
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Related to Monthly Settlement

  • Monthly Settlement Date means the 20th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the relevant Observation Period, shall consist of:

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Early Settlement Rate has the meaning specified in Section 5.9(b).

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Gross Settlement Amount means $2,300,000 which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and Administration Expenses Payment.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Mandatory Settlement Date means the earliest of:

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Individual Settlement Payment means the amount payable from the Net

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

Most Referenced Clauses

Most Referenced Definitions