RMR Refund definition
Examples of RMR Refund in a sentence
The Owner may participate in the ADR proceedings relating to a Responsible Utility Invoice, “Final Estimated RMR Invoice, Final Adjusted RMR Invoice” as defined in the CAISO Tariff or RMR Charge or RMR Refund as defined in Section 11.13, in which case, CAISO or the Owner, but not both, shall be the disputing party.
In the event that the Final Adjusted RMR Invoice has been issued for the relevant month, the RMR Owner shall reflect the resulting RMR Payment or RMR Refund in the next month's RMR Invoices.
Subject to paragraph 6.4.5 or 6.4.6 of this Annex 1, if the RMR Owner agrees with the proposed change, the adjustment shall be shown in the next RMR Invoice from the RMR Owner to the ISO where the relevant RMR Payment or RMR Refund is due to appear, unless the Final Adjusted RMR Invoice has been issued for the relevant month.
If RMR Owner does not agree to make the change pursuant to Section 6.4.4, then such repayment shall be made by ISO's deduction of such amount from the next ISO Invoices until extinguished, or if the RMR Contract has terminated, by paying a RMR Refund in such amount to the Responsible Utility Facility Trust Account, subject to the limitation of Section 5.2.7.1.1 of the ISO Tariff.
In the event that the Final Adjusted RMR Invoice has been issued for the relevant month, the RMR Owner shall reflect the resulting RMR Payment or RMR Refund in the next month’s RMR Invoices.
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If RMR Owner does not agree to make the change pursuant to Section 6.4.4, then such repayment shall be made by ISO’s deduction of such amount from the next ISO Invoices until extinguished Estimated or Adjusted RMR Invoice, or if the RMR Contract has terminated, by paying a RMR Refund in such amount to the Responsible Utility Facility Trust Account, subject to the limitation of Section 5.2.7.1.1 of the ISO Tariff.