Payment Netting. If this § 22.3 is specified as applying in Section B of Part I (Individual Terms), if on any day the Parties are each required to pay one or more amounts in the same currency (for which purpose all EURO currencies shall be considered a single currency) then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their respective payment obligations through netting, in which case the Party, if any, owing the greater aggregate amount shall pay the other Party the difference between the amounts owed.
Appears in 12 contracts
Sources: Individual Power Purchase Agreement, Individual Power Purchase Agreement, Power Purchase Agreement
Payment Netting. If this § 22.3 13.3 (Payment Netting) is specified as applying in Section B of Part I (Individual Terms)the Election Sheet, if on any day the Parties are each required to pay one or more amounts in the same currency (for which purpose all EURO currencies shall be considered a single currency) under one or more Individual Contracts then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their respective payment obligations through netting, in which case the Party, if any, owing the greater aggregate amount shall pay the other Party the difference between the aggregate amounts owed.
Appears in 5 contracts
Sources: General Agreement, General Agreement, General Agreement
Payment Netting. If this § 22.3 13.3 is specified as applying in Section B of Part I (Individual Terms)the Election Sheet, if on any day the Parties are each required to pay one or more amounts in the same currency (for which purpose all EURO currencies shall be considered a single currency) under one or more Individual Contracts then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their respective payment obligations through netting, in which case the Party, if any, owing the greater aggregate amount shall pay the other Party the difference between the amounts owed.
Appears in 2 contracts
Sources: General Agreement, General Agreement
Payment Netting. If this § 22.3 is specified as applying in Section B of Part I (Individual Terms), if on any day the Parties are each required to pay one or more amounts in the same currency (for which purpose all EURO currencies shall be considered a single currency) then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their respective payment obligations through netting, in which case the Party, if any, owing the greater aggregate amount shall pay the other Party the difference between the amounts owed. 4.
Appears in 2 contracts
Sources: Individual Power Purchase Agreement, Individual Power Purchase Agreement
Payment Netting. If this § 22.3 §12.3 is specified as applying in Section B of Part I (Individual Terms)the Election Sheet, if on any day the Parties are each required to pay one or more amounts in the same currency (for which purpose all EURO currencies shall be considered a single currency) under one or more Individual Contracts, then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their respective payment obligations through netting, in which case the Party, Party (if any, ) owing the greater aggregate amount shall pay the other Party the difference between the amounts owed.
Appears in 1 contract
Sources: Certificate Master Agreement