Quarterly Adjustment definition

Quarterly Adjustment means either a credit to MEMBER for the over-collection of funds, or a charge to MEMBER for under-collection of funds, related to (i) ERCOT zonal congestion charges and (ii) ancillary services charges and other charges imposed by governmental agencies or ERCOT upon wholesale suppliers or REPs under statutes, regulations or courts for services within ERCOT zones. Said charges or refunds will be proportional to MEMBER’s relative contribution to TCAP load within specific ERCOT zones.
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Quarterly Adjustment has the meaning set forth in Section 4(c).
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Quarterly Adjustment means each determination of the Net Receivables Balance as set forth in the published financial statements of Parent as audited by Ernst & Young or any auditor of comparable national standing. |US-DOCS\130674191.18||
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Examples of Quarterly Adjustment in a sentence

  • Also, MEMBER will pay or receive refunds equal to the Quarterly Adjustment and the Annual Adjustment mutually agreed upon by TCAP and the Energy Manager to address certain variable costs and charges, including costs imposed by ERCOT, such payment or receipt of funds subject to the reserve account as further described herein.

  • The Quarterly Adjustment and Annual Adjustment may be either a charge or a credit, and shall be collected from or remitted to Customer, as appropriate, in the manner specified in the PSA.

  • Charges that are fixed by TCAP and Energy Manager for a given Calendar Year shall not be included in the calculation of either the Quarterly Adjustment or the Annual Adjustment for such Calendar Year, in accordance with the PSA.

  • The Contract Charges shall only be varied: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Contract Charges in accordance with Clause 13.1 to 13.2 of this Contract (Legislative Change); or and/ or in accordance with DMP Schedule 3 (DMP Prices and Charging structure), Part A Pricing Matrix Quarterly Adjustment Schedule.

  • Also, MEMBER will pay or receive refunds equal to the Quarterly Adjustment and the Annual Adjustment mutually agreed upon by TCAP and the Energy Manager to address certain variable costs and charges, including costs imposed by XXXXX, such payment or receipt of funds subject to the reserve account as further described herein.

  • Quarterly Adjustment Factor (QAF) The QAF will be .24 for the first calendar quarter, .25 for the second calendar quarter, .25 for the third calendar quarter, and .26 for the fourth calendar quarter.

  • Quarterly Adjustment of Allowances‌‌(3) Le montant de l’allocation d’un ancien combattant décédé retenu par son survivant ou l’orphelin et versé après le dernier jour du mois du décès peut être déduit de l’allocation qui leur est accordée.L.R. (1985), ch.

  • In the event the Quarterly Adjustment reflects an overpayment to Royal Gold, the Operator shall provide written notice to Royal Gold of the amount of such overpayment and shall be entitled to deduct such amount of the Quarterly Adjustment from any Royalties owing to Royal Gold.

  • In the event the Quarterly Adjustment reflects a balance owing to Royal Gold, the Operator shall provide written notice to Royal Gold of the amount of such underpayment and will pay such Quarterly Adjustment in accordance with Section 4(a) of this Agreement.

  • Please note: You will have the opportunity to be update the ‘Percentage Discount of Levy Funding’ in your pricing matrix(s) on a quarterly basis, as per the dates specified in the ‘Pricing Matrix Quarterly Adjustment Schedule’ below.


More Definitions of Quarterly Adjustment

Quarterly Adjustment. This arithmetic mean portfolio of the "overnight inter-bank weighted average call loan rate" in three months and "the Bank's cost pricing factors", and is calculated every quarter, i.e. on the 15th day of March, June, September and December (the 15th being the effective date). If the calculation date falls on a public holiday, the calculation date shall be next available business day shall be the effective date. With respect to the portfolio consisting of "the Bank's cost pricing factors", if there are changes to such pricing factors, the Bank shall have the discretion to make adjustments at any time in accordance with the market changes.
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Quarterly Adjustment has the meaning set forth in Section
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Quarterly Adjustment shall have the meaning set forth in Section 2.05.
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Quarterly Adjustment shall have the meaning set forth in Section 5.11.2.
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Related to Quarterly Adjustment

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • SOFR Adjustment means 0.10% (10 basis points).