Payment Settlement. Settlement of all payments shall occur by the 25th day of the month following the month in which performance was rendered and if such 25th day is not a business day then on the next business day occurring after such 25th day; provided, however, that all such settlements shall be subject to adjustment when the true costs are received from the CAISO, generally 90 days from the end of a month, but in no event shall an adjustment be made more than one year after the end of the applicable month.
Appears in 3 contracts
Sources: Scheduling and Asset Optimization Services Agreement (MMC Energy, Inc.), Scheduling and Asset Optimization Services Agreement (MMC Energy, Inc.), Scheduling and Asset Optimization Services Agreement (MMC Energy, Inc.)