Asset Book. MAEM will establish and maintain an asset management book for the Mid-Atlantic region (the "Asset Book") to track and measure the financial performance of all hedges and other transactions entered into with respect to the Generxxxxx Station and the Other Generators' generating Station, which Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for power resources managed by MAEM.
Asset Book. MAEM will maintain an asset management book for the New York region (the “Asset Book”) to track and measure the financial performance of all transactions with respect to the Generating Stations including, but not limited to, (i) the sale of Products generated by, or available from, the Generating Stations pursuant to any Offers, Third Party Contracts and/or Direct Contracts, (ii) Purchased Power, (iii) the purchase of Fuel and any related Fuel xxxxxx and trading activities, (iv) the purchase of Emissions Allowances and any related emissions xxxxxx and trading activities and (v) the purchase of transmission and/or transportation capacity. The Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for other Asset Companies. Transactions in the Asset Book shall be allocated to individual books that are established for each Project Company. Unless otherwise designated in writing by Project Companies, transactions in the Asset Book will be allocated proportionately to each Project Company based on the actual dispatch of the Generating Stations, as provided by Project Companies to MAEM (with the exception of sales of capacity, which shall be allocated proportionately based on the actual capacity of the generating units).
Asset Book. MAEM will maintain an asset management book for Project Company and Mirant Mid-Atlantic, LLC (the “MIRMA Asset Book”) to track and measure the financial performance of all xxxxxx and other transactions entered into with respect to the Generating Station and the generating stations owed by Mirant Mid-Atlantic, LLC. The MIRMA Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for other Asset Companies. Unless otherwise designated in writing by Project Company and Mirant Mid-Atlantic, LLC, all transactions in the MIRMA Asset Book will be allocated solely to Mirant Mid-Atlantic, LLC.
Asset Book. MAEM will maintain an asset management book for Project Company and Mirant Peaker, LLC (the “Non-MIRMA Asset Book”) to track and measure the financial performance of all xxxxxx and other transactions entered into with respect to the Generating Station, the generating station owned by Mirant Peaker, LLC, and, unless otherwise agreed by the Parties, transactions entered into related to the Makewhole Reimbursement Agreement dated September 1, 2001 between Mirant Americas, Inc. and MAEM. The Non-MIRMA Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for power resources managed by MAEM. Unless otherwise designated in writing by Project Company and Mirant Peaker, LLC, transactions in the Non-MIRMA Asset Book will be allocated solely to Mirant Americas, Inc.
Asset Book. MAEM will maintain an asset management book for Project Company and Mirant Potomac River, LLC (the “Non-MIRMA Asset Book”) to track and measure the financial performance of all xxxxxx and other transactions entered into with respect to the Generating Station, the generating station owned by Mirant Potomac River, LLC, and, unless otherwise agreed by the Parties, transactions entered into related to the Makewhole Reimbursement Agreement dated September 1, 2001 between Mirant Americas, Inc. and MAEM. The Non-MIRMA Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for power resources managed by MAEM. Unless otherwise designated in writing by Project Company and Mirant Potomac River, LLC, transactions in the Non-MIRMA Asset Book will be allocated solely to Mirant Americas, Inc. The Parties may agree to establish one or more separate asset management books to track and measure the financial performance of xxxxxx and other transactions for each of Project Company and Mirant Potomac River, LLC.
Asset Book. MAEM will maintain an asset management book for the Texas region (the “Asset Book”) to track and measure the financial performance of all transactions with respect to the Generating Station including, but not limited to, (i) the sale of Products generated by, or available from, the Generating Station pursuant to any Offers, Third Party Contracts and/or Direct Contracts, (ii) Purchased Power, (iii) the purchase of Fuel and any related Fuel xxxxxx and trading activities, (iv) the purchase of Emissions Allowances and any related emissions xxxxxx and trading activities and (v) the purchase of transmission and/or transportation capacity. The Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for other Asset Companies. Unless otherwise designated in writing by the Project Company, transactions in the Asset Book will be allocated proportionately based on the actual dispatch of the Generating Station, as provided by the Project Company to MAEM (with the exception of sales of capacity, which will be allocated proportionately based on the actual capacity of the generating units).
Asset Book. MAEM will maintain an asset management book for Project Company and Mirant Chalk Point, LLC (the “MIRMA Asset Book”) to track and measure the financial performance of all hxxxxx and other transactions entered into with respect to the Generating Stations and the generating station owned by Mirant Chalk Point, LLC. The MIRMA Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for power resources managed by MAEM. . Unless otherwise designated in writing by Project Company and Mirant Chalk Point, LLC, all transactions in the MIRMA Asset Book will be allocated solely to Project Company.
Asset Book. The Power Marketer shall maintain a separate book for the Facility ("Asset Book") identifying all open positions, hedging instruments and other commercial and financial instruments resulting from the Power Marketing Services, all in accordance with the Asset Management Policy Manual. The Power Marketer will settle all positions with the Company monthly, and, on or before the tenth (10th) day of each Month,
Asset Book. MAEM will maintain an asset management book (the “Asset Book”) to track and measure the financial performance of all transactions with respect to the Generating Station including, but not limited to, (i) the sale of Products generated by, or available from, the Generating Station pursuant to any Offers, Third Party Contracts and/or Direct Contracts, (ii) Purchased Power, (iii) the purchase of Fuel and any related Fuel xxxxxx and trading activities, (iv) the purchase of Emissions Allowances and any related emissions xxxxxx and trading activities and (v) the purchase of transmission and/or transportation capacity. The Asset Book shall be separate from any MAEM trading book or any other asset book maintained by MAEM for other Asset Companies.
Asset Book. The Power Marketer shall maintain a separate book for the Facility ("Asset Book") identifying all open positions, hedging instruments and other commercial and financial instruments resulting from the Power Marketing Services, all in accordance with the Asset Management Policy Manual. The Power Marketer will settle all positions with the Company monthly, and, on or before the tenth (10th) day of each Month, (a) the Power Marketer shall render to the Company by wire transfer to the Project Account, payment of all net revenues received by the Power Marketer during the preceding Month, together with a statement setting forth the calculation of the net revenues for the immediately preceding Month or (b) the Power Marketer shall furnish to the Company a statement setting forth the calculation of the net losses for the immediately preceding Month, and the Company shall render to the Power Marketer by wire transfer payment of all net losses incurred on behalf of the Company; provided, however, that if the Management Committee has reasonable cause to believe that the Power Marketer has engaged in Self-Dealing Practices or exceeded the limits on its authority hereunder and such actions resulted in such net losses, the Management Committee may suspend payment pending resolution of its concerns. As will be more specifically set forth in the Asset Management Policy Manual, and as an exception to the prohibition in Section 7.1.2 on fees and the reimbursement of expenses incurred in trading activities, the Power Marketer may incur Operating Expenses on behalf of the Company that are directly related to the sale of Energy, Capacity and ancillary services from the Facility, such as broker's fees or commissions incurred in trading Energy, Capacity or ancillary services from the Facility.
