Settlement Entity definition

Settlement Entity means the entity through which the Participant settles transactions at the Settlement Institution or clears transactions at the Clearing Institution;
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Settlement Entity means a Market Support Services Licensee, the Market Company, or the Retail Electricity Licensee that is responsible for settlement of monies owed by or to the metered entity or consumer associated with a meter installation;
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Examples of Settlement Entity in a sentence

  • It is anticipated that the Michigan Strategic Fund will provide those loan proceeds to the Special Purpose FWC Settlement Entity on or before the latter of (a) March 1, 2021 or (b) one hundred-eighty (180) calendar days after the Federal Court enters the Preliminary Approval Orders relating to this Settlement Agreement.

  • The Special Purpose FWC Settlement Entity will repay the Michigan Strategic Fund in accordance with the precise schedule to be provided to Plaintiffs’ Counsel after the bonds mentioned above are issued.

  • To facilitate the bond issuance by the Michigan Strategic Fund, the Special Purpose FWC Settlement Entity shall be authorized to pledge and assign amounts paid and payable by State Defendants to obtain a loan funded from bonds issued by the Michigan Strategic Fund established pursuant to Act 270 of 1984 (as amended).

  • The Michigan Strategic Fund is expected to issue bonds to obtain such funds to loan to the Special Purpose FWC Settlement Entity.

  • State Defendants are aware that the Special Purpose FWC Settlement Entity intends to make an application to the Michigan Strategic Fund to obtain a loan against these future years’ payments.

  • The Special Purpose FWC Settlement Entity shall not be authorized to otherwise pledge or assign the amounts paid and payable by State Defendants.

  • The Special Purpose FWC Settlement Entity will pay or cause to be paid the FWC Qualified Settlement Fund from such proceeds the remaining amount to be paid by the State Defendants under Paragraph 2.1.1. within five (5) days of receipt of the loan proceeds.

  • After finalizing the Quarterly Report as provided for under Section 1.1.4., the Central Settlement Entity will present the Quarterly Report to the BMTF, and the BMTF will review the content and the quality of the Quarterly Report before it is sent to the JSC.

  • Default interest on any amounts not paid by the Due Date, shall accrue at the legal interest rate as specified in Directive 2011/7/EU and as detailed in a Service Level Agreement with the Central Settlement Entity.

  • A breach of payment obligation towards the Central Settlement Entity is regarded as breach of this Agreement.