Payment by the ISO Sample Clauses

The 'Payment by the ISO' clause defines the obligations and procedures for the Independent System Operator (ISO) to make payments to relevant parties under the agreement. Typically, this clause outlines the timing, method, and conditions under which the ISO will remit funds, such as payments for energy delivered or services rendered. For example, it may specify monthly payment cycles, required documentation, or adjustments for disputes. The core function of this clause is to ensure a clear and predictable process for financial transactions, reducing uncertainty and potential disputes over payment timing and amounts.