Settlement Hour definition

Settlement Hour has the meaning given to it in Chapter 11 of the Market Rules.
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Settlement Hour means a period of one hour that corresponds to a particular dispatch hour for which metering data determined in accordance with Chapter 6 of the Market Rules and physical market prices for services calculated pursuant to Chapter 7 of the Market Rules are to be used to calculate the settlement debits and credits of Market Participants;
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Settlement Hour means an hour of the EFA Day where such EFA Day is divided into 24 hour-long periods commencing at the start of the EFA Day;]26
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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.

  • Committee membership is dictated, in large part, by the federal regulations which require at least five total members.

  • 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.


More Definitions of Settlement Hour

Settlement Hour means a period of one hour which corresponds to a particular dispatch hour for which metering data determined in accordance with Market Rules and physical market prices for services calculates pursuant to Market Rules that are to be used to calculate the settlement debits and credits of Market Participants;
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Settlement Hour means any particular hour during which a Difference, if any, is agreed to be paid under a particular Transaction.
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Related to Settlement Hour

  • Settlement means the settlement provided for in this Agreement.

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

  • Settlement Dates As determined pursuant to Section 9.4 of the Equity Definitions, subject to Section 9(k)(i) hereof.

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Settlement Time means any time within two Business Days immediately following the Creation Order Date or the Redemption Order Date, as applicable.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • Settlement Claim means a claim for settlement benefits made under the terms of this Settlement Agreement.

  • Settlement Day means the Business Day which is 2 Business Days after the relevant Dealing Day (or such Business Day as is permitted in relation to such Dealing Day pursuant to the Operating Guidelines) or such other number of Business Days after the relevant Dealing Day as determined by the Manager in consultation with the Trustee from time to time and notified to the relevant Participating Dealers or as otherwise described in the relevant Appendix.

  • Resettlement Framework or “RF” means the resettlement framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;

  • Settlement Interval has the meaning set forth in the CAISO Tariff.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) 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.

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Averaging Period means the time over which a limit is measured or a monitoring result is obtained;

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • Settlement Website means the website created and maintained by the Settlement Administrator which will contain, among other things, the Notice and Claim Forms, and documents related to the settlement.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.