.3 Cost of Intra-Zonal Congestion Management Sample Clauses

.3 Cost of Intra-Zonal Congestion Management. The ISO will pay Scheduling Coordinators for Reliability Must-Run Generation which the ISO requests under Reliability Must-Run Contracts at the Energy weighted average of the decremental Adjustment Bids which the ISO accepts to accommodate the Reliability Must-Run Generation and to carry out Intra-Zonal Congestion Management. After deduction of the amount paid for Reliability Must-Run Generation under Section 7.2.6.2 , the net of the amounts paid by the ISO to the Scheduling Coordinator s and the amounts charged to the Scheduling Coordinators will be calculated on a Zone-by- Zone basis and charged to all Scheduling Coordinators through a Grid Operations Charge, as described in Section 7.3.2 .

Related to .3 Cost of Intra-Zonal Congestion Management

Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage at least equal to the aggregate Subscription Amount. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.
Miscellaneous a. A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable Securities.
Termination This Agreement may be terminated at any time prior to the Closing:
WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and
NOW, THEREFORE the parties hereto agree as follows:
IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.
Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:
Entire Agreement The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.
Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.