Examples of Settling Supplier in a sentence
Any amount shown on the Allocation Matrix as owed by a Party other than Settling Supplier, or by an Additional Settling Participant, will be reflected on the books of the ISO and PX as an additional amount owed by that Party or Additional Settling Participant.
For purposes of the allocation of the Settlement Proceeds only, Settling Supplier shall be deemed to have provided a total principal refund in the amount specified in Item 5.1(e) of the Cover Sheet (the “Settling Supplier Refunds”), which amount shall be allocated as shown in Items 5.1(a), 5.1(b), and 5.1(d) of the Cover Sheet to the Pre-January 18, 2001 Period, the Post-January 17, 2001 Period, and the Pre-October Period, respectively.
Each Additional Settling Participant shall be deemed to have provided all of the releases of claims against Settling Supplier set forth in Article VII.
The releases Settling Supplier provides in Article VII to the California Parties shall apply to SRP, provided that SRP becomes an Additional Settling Participant, and to the California Electricity Oversight Board.
The Allocation Matrix sets forth the allocation of the Settling Supplier Refunds as established by the California Parties.
Settling Supplier does not endorse or take any position on the foregoing allocation of Settlement Proceeds, but the Agreement establishes such allocation to ensure the distribution of funds as contemplated by the California Parties.
Nothing in this Section 8.2 shall be construed to provide a release of claims by Settling Supplier relating to the Additional Settling Participants’ (excluding the California Electricity Oversight Board and SRP) transactions and actions in the Western Energy Markets during the Settlement Period.
All notices of termination delivered pursuant to this Section 4.3 shall be in writing and addressed to Settling Supplier in accordance with the notice provisions set forth herein, and shall clearly state the grounds for termination and the date on and after which such termination shall be effective.
Interest shall be calculated on the Settling Supplier Refunds specified in Item 5.1(e) of the Cover Sheet at the FERC Interest Rate.
Notwithstanding the waiver of California Civil Code Section 1542, the Parties acknowledge and agree that the releases provided for in this Agreement are specific to the matters set forth in this Article VII and are not intended to create general releases as to all claims, or potential claims, between the California Parties, or any of them, and Settling Supplier.