Settlement Unit definition

Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.
Sample 1Sample 2Sample 3
Settlement Unit has the meaning given to that term in the CfD Agreement;
Sample 1Sample 2Sample 3
Settlement Unit means an AP Settlement Unit or a VP Settlement Unit (as applicable);
Sample 1Sample 2Sample 3

Examples of Settlement Unit in a sentence

  • The Renewable Qualifying Multiplier shall, in respect of each Settlement Unit within an RQM Calculation Month, be the amount so calculated by the CfD Counterparty in accordance with the RQM Calculation Methodology.

  • The CHP Qualifying Multiplier shall, in respect of each Settlement Unit, be the amount so calculated by the CfD Counterparty in accordance with the CHPQM Calculation Methodology.

  • The ACT Efficiency Multiplier shall, in respect of each Settlement Unit within an ACT Efficiency Period, be the amount so determined by the CfD Counterparty in accordance with the ACT Efficiency Calculation Methodology.

  • At Fingrid’s assignment, Imbalance Settlement Unit ascertains and invoices the volume of imbalance power used by Balance Responsible Party’s production balance and consumption balance, power transactions made during the delivery hour and reserve energies on the basis of information reported by Fingrid, distribution system operators and other electricity market participants.

  • The application of this Agreement will begin when eSett Oy (hereinafter Imbalance Settlement Unit) will start the implementation of imbalance settlement on behalf of Fingrid; however, not earlier than 1 May 2017.

  • Balance Responsible Party shall deliver to Fingrid and to Imbalance Settlement Unit information in accordance with Appendix 1.

  • In order to implement imbalance settlement, Balance Responsible Party shall conclude a separate imbalance settlement agreement with Imbalance Settlement Unit.

  • At Fingrid’s assignment, Imbalance Settlement Unit maintains the Nordic Imbalance Settlement (NBS) Handbook conforming to these terms and containing procedures that specify the terms of Appendix 1 and a more detailed description of the implementation of imbalance settlement.

  • Fingrid also has the same right, if Balance Responsible Party does not have a valid imbalance settlement agreement with Imbalance Settlement Unit.

  • Imbalance Settlement Unit implements a centralised imbalance settlement in Finland, Sweden and Norway on behalf of the respective transmission system operators.


More Definitions of Settlement Unit

Settlement Unit means each day occurring during the Term after the Start Date, starting at 00:00 and ending at 23:59 on the same day;
Sample 1Sample 2Sample 3
Settlement Unit means each half hour period in a day divided into half hour-long periods starting at 00:00 on such day. 2 The following Parts and Annexes of the Conditions shall apply to this Contract for Difference:
Sample 1Sample 2
Settlement Unit means the AP Settlement Unit or the VP Settlement Unit (as applicable);
Sample 1Sample 2
Settlement Unit means each [day occurring during the Term after the Start Date, starting at 00:00 and ending at 23:59 on the same day];39
Sample 1
Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day. 1 Drafting note: Clause to be retained only if specific amendments to any given Contract for Difference are agreed to be made pursuant to Part 3 of The Contract for Difference (Standard Terms) Regulations 2014.
Sample 1

Related to Settlement Unit

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

  • 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 Fund means the Settlement Amount plus any and all interest earned thereon.

  • 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.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.