Unused Credits definition
Unused Credits are Credits that, in accordance with this Agreement, remained when Excess Usage was determined for any Billing Period. Unused Credits do not include any Credits that have been eliminated in accordance with the provisions of paragraph (C) of Article IV.
Unused Credits are Credits that, in accordance with this Agreement, remained when Excess Usage was determined for any Billing Period. Unused Credits do not include any Credits that have been eliminated in accordance with the provisions of paragraph (C) of Article IV. This Agreement may include certain capitalized terms that are not explicitly defined in this Section or anywhere else in this Agreement. Such capitalized terms shall have the meanings specified in the NMISA Tariff and the NMISA Market Rules and Manuals, which meanings are incorporated herein by reference and made part hereof. In the event of any inconsistency between a definition contained in this Agreement and a definition contained in either the NMISA Tariff or the NMISA Market Rules and Manuals, the definition in this Agreement will control for purposes of this Agreement.
Unused Credits are Bill Credits that, in accordance with this Agreement under the fixed allocation methodology are created when the value of Generation exceeds charges for billed usage and are credited to each Financial Interest Customer account as determined for any Billing Period. Unused Credit for Agreements using the cascading allocation methodology, the Generation which exceeds the charges for billed usage will be banked as kWh, not financial credits, and stored on the first account listed on Exhibit 2. As kWh are drawn from the bank, the Bill Credit will be based on the Financial Interest Customer’s account’s applicable Tariff Rate times the banked kWh Credit applied to that Financial Interest Customer’s invoice. Financial Interest Customers may accumulate Unused Credits and apply them against future bills over a rolling 12 month period. Unused Credits do not include any Credits that have been eliminated in accordance with the provisions of paragraph (C) of Article IV. This Agreement includes certain capitalized terms that are not explicitly defined in this Section or anywhere else in this Agreement. Such capitalized terms shall have the meanings specified in the ISO-NE Tariff and the ISO-NE Market Rules and Manuals, which meanings are incorporated herein by reference and made part hereof. In the event of any inconsistency between a definition contained in this Agreement and a definition contained in either the ISO-NE Tariff or the ISO-NE Market Rules and Manuals, the definition in this Agreement will control for purposes of this Agreement.
Examples of Unused Credits in a sentence
If Excess Usage is equal to zero (0), then for the Facility at the conclusion of that Billing Period: (i) kilowatt-hour usage is equal to zero and (ii) Unused Credits are reduced by the value of Net In Energy, determined for that Billing Period, and that reduced value, in accordance with paragraph (C) Unused Credits of this Article IV, will remain for possible future application.
If Excess Usage is greater than zero (0), then for the Facility at the conclusion of that Billing Period: (i) kilowatt-hour usage will equal the value of Excess Usage and (ii) Unused Credits are equal to zero (0).
In applying banked Unused Credits to a Customer account, the oldest Unused Credits will always be drawn from the account bank first.
As customers are invoiced each month, current month Credits are first applied and then, if applicable, Unused Credits are drawn from the customer’s bank.
Accordingly, any Unused Credits that remain in the Customer account bank will be eliminated after the twelfth month and will not be applied against customer invoices.
The Customer will receive no compensation for these eliminated Unused Credits.
More Definitions of Unused Credits
Unused Credits are Xxxx Credits that, in accordance with this Agreement under the fixed allocation methodology are created when the value of Generation exceeds charges for billed usage and are credited to each Customer account as determined for any Billing Period. Unused Credit for Agreements using the cascading allocation methodology, the Generation which exceeds the charges for billed usage will be banked as kWh, not financial credits, and stored on the first account listed on Exhibit 2. As kWh are drawn from the bank, the Xxxx Credit will be based on the individual customer account’s applicable Tariff Rate times the banked kWh Credit applied to that customer’s invoice. Customers may accumulate Unused Credits and apply them against future bills over a rolling 12 month period. Unused Credits do not include any Credits that have been eliminated in accordance with the provisions of paragraph (C) of Article IV. This Agreement includes certain capitalized terms that are not explicitly defined in this Section or anywhere else in this Agreement. Such capitalized terms shall have the meanings specified in the ISO-NE Tariff and the ISO-NE Market Rules and Manuals, which meanings are incorporated herein by reference and made part hereof. In the event of any inconsistency between a definition contained in this Agreement and a definition contained in either the ISO-NE Tariff or the ISO-NE Market Rules and Manuals, the definition in this Agreement will control for purposes of this Agreement.
Unused Credits means the aggregate amount, if any, that on the first and any subsequent anniversary of the Effective Date for the Initial Term that Bon-Ton's net retail sales for the immediately preceding twelve (12) months exceeds 110% of the Effective Date Sales, less any amounts used pursuant to this Section 2.5(ii).
Unused Credits means Xxxx Credits that, in accordance with this Agreement, are created when the value of generation exceeds charges for billed usage and are credited to each Subscriber’s account as determined for any billing period. Subscribers may accumulate Unused Credits and apply them against future bills over a rolling 24-month period. Unused Credits do not include any Credits that have expired in accordance with section 5.3(c). This Agreement includes certain capitalized terms that are not explicitly defined in this Section or anywhere else in this Agreement. Such capitalized terms shall have the meanings specified in the ISO-NE Tariff and the ISO-NE Market Rules and Manuals, which meanings are incorporated herein by reference and made part hereof. In the event of any inconsistency between a definition contained in this Agreement and a definition contained in either the ISO-NE Tariff or the ISO-NE Market Rules and Manuals, the definition in this Agreement will control for purposes of this Agreement. Further, all references to Articles, Sections and Subsections are references to those parts of this Agreement, unless the context clearly indicates otherwise.
Unused Credits has the meaning given to such term in Section 6(c). In this Agreement, unless the context requires otherwise, the singular includes the plural and the plural the singular, words importing any gender include the other gender; references to statutes, sections or regulations are to be construed as including all statutory or regulatory provisions consolidating, amending, replacing, succeeding or supplementing the statute, section or regulation referred to; the words “including,” “includes” and “include” shall be deemed to be followed by the words “without limitation” or “but not limited to” or words of similar import; references to articles, sections (or subdivisions of sections), exhibits, annexes or schedules are to those of this Agreement unless otherwise indicated; references to agreements and other contractual instruments shall be deemed to include all exhibits and appendices attached thereto and all subsequent amendments and other modifications to such instruments, and references to Persons include their respective successors and permitted assigns.
Unused Credits means prepaid credits which may be applied by customers of the Business towards the use of certain paid features provided by the Company and the Subsidiaries in connection with the Business;
Unused Credits means Transaction Credits with a total value of $30 million minus the value of the Transaction Credits used up to the Expiration Date; and