Settlement Hour definition
Examples of Settlement Hour in a sentence
The amount determined pursuant to Section 6(a) or (b) for any Settlement Hour will become a debt owing as at the end of the Settlement Hour or at the time the Pool Price for that Settlement Hour is published, whichever is later and will be payable in accordance with Section 10.
Notwithstanding any specific provisions of a Transaction to the contrary, all amounts owing by each Party under all Transactions for each Settlement Hour in a Month will be aggregated and netted against each other and such aggregated amount will be aggregated with the net amount owing in respect of previous Settlement Hours in that Month.
Once the new Pool Price is established by the arbitrator, it will apply to each Settlement Hour from the date the method of determining the Pool Price changed or the Pool Price ceased to be published or such other date as the arbitrator determines.
If the Parties are unable to agree, either Party may submit the matter for dispute resolution in accordance with Section 17 and the arbitrator is authorized and directed to establish a new price as the Pool Price or a methodology for establishing the Pool Price each Settlement Hour.