PX Settlement Clearing Account definition

PX Settlement Clearing Account means any and all accounts of the PX or the reorganized PX holding funds in trust pursuant to the terms of the PX tariff, the ISO tariff, or a court order. The PX Settlement Clearing Account does not include collateral and funds held for payment of Chargeback Amounts, which are maintained in segregated accounts, as those terms are defined in the PX’s First Amended Chapter 11 Plan.
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PX Settlement Clearing Account means any and all accounts of the PX or the reorganized PX holding funds in trust pursuant to the terms of the PX Tariff, ISO Tariff, or a court order. The PX Settlement Clearing Account does not include collateral and funds held for payment of chargeback entitlements, which are maintained in segregated accounts, as those terms are defined in the PX’s First Amended Chapter 11 Plan.
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PX Settlement Clearing Account means any and all accounts of the PX or the reorganized PX holding funds in trust pursuant to the terms of the PX tariff, the ISO
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Examples of PX Settlement Clearing Account in a sentence

  • Each Party shall reasonably and in good faith cooperate and take all reasonable steps to secure (i) the release of funds from the PX Settlement Clearing Account to the Reliant Refund Escrow as contemplated by this Agreement; (ii) the accounting treatment contemplated under this Article 7; and (iii) any other acts of the PX or the ISO necessary to effectuate the terms of this Agreement.

  • The ISO shall recognize, as a reduction in the amounts payable by the PX to the ISO, all distributions from the PX Settlement Clearing Account to the Reliant Refund Escrow that represent payments of amounts owed by the ISO to Reliant for the Reliant Receivables.

  • The PX and ISO shall reflect on their books and records all distributions from the PX Settlement Clearing Account to the Settling Supplier Refund Escrow that represent payments of amounts owed by the ISO to Settling Supplier for the Settling Supplier Receivables.

  • The PX and ISO shall reflect on their books and records all distributions from the PX Settlement Clearing Account to the Reliant Refund Escrow that represent payments of amounts owed by the ISO to Reliant for the Reliant Receivables.

  • The ISO shall recognize, as a reduction in the amounts payable by the PX to the ISO, all distributions from the PX Settlement Clearing Account to the Settling Supplier Refund Escrow that represent payments of amounts owed by the ISO to Settling Supplier for the Settling Supplier Receivables.

  • No interest on refunds under this Settlement or on Reliant’s Receivables shall be released from the PX Settlement Clearing Account or paid to any Party or Opt-In Participant until the FERC Interest Determination has been issued and taken effect without being stayed.

  • As of the date of the Memorandum of Understanding, the Parties estimated that, after the ISO Amendment 51 preparatory rerun, but before interest and any adjustment for refunds in the FERC Refund Proceedings, Enron has unpaid receivables in the PX Settlement Clearing Account exceeding $40,000,000 for transactions in or through the PX and ISO during the period January 1, 2000 through June 20, 2001 (“Enron Receivables”).

  • The ISO shall recognize, as a reduction in the amounts payable by the PX to the ISO, all distributions from the PX Settlement Clearing Account to the Settling Suppliers’ Refund Escrow that represent payments of amounts owed by the ISO to Settling Suppliers for the Settling Suppliers’ Receivables.

  • The PX and ISO shall reflect on their books and records all distributions from the PX Settlement Clearing Account to the Settling Supplier Refund Escrow (PNM) that represent payments of amounts owed by the ISO to Settling Supplier for the Settling Supplier Receivables.

  • The Amendment 51 Adjustment and interest thereon shall be paid exclusively from unpaid amounts held by the CAISO and by the PX in the PX Settlement Clearing Account as Williams Receivables that are associated with Williams’ claims to payment by or from the CAISO and/or PX, including interest, for Williams’ sales of energy and ancillary services into the California Markets during the Refund Period.


More Definitions of PX Settlement Clearing Account

PX Settlement Clearing Account means any and all accounts of the PX or the reorganized PX holding funds in trust pursuant to the terms of the PX tariff, the CAISO tariff, or a FERC or court order.
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Related to PX Settlement Clearing Account

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Net Settlement Fund means the Settlement Fund, plus accrued interest, less any award of attorneys’ fees or reimbursement of expenses and less applicable taxes, tax preparation expenses, and costs of notice and administration, that may be awarded or approved by the Court.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Collection Accounts As defined in Section 3.10(a).

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Joint Trading Account shall have the meaning set forth in the preamble of this Agreement.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);