Statement by LMM Sample Clauses
The 'Statement by LMM' clause requires the Loan Market Maker (LMM) to provide a formal declaration or confirmation regarding specific facts or conditions relevant to the agreement. Typically, this may involve the LMM attesting to its authority to enter into the contract, its compliance with applicable laws, or the accuracy of information it has provided. By including this clause, the agreement ensures that the LMM is held accountable for the truthfulness and reliability of its statements, thereby reducing the risk of misrepresentation and fostering trust between the parties.
Statement by LMM. On or before the *** Day of each Month, LMM shall send Shipper electronically and/or via mail a statement setting forth the following:
(a) The number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s) during the preceding Month;
(b) The number of Dth delivered by LMM for Shipper’s account to the Delivery Point(s) during the preceding Month;
(c) The number of Dth of Shipper’s Gas retained by LMM as Gathering Fuel during the preceding Month;
(d) The Imbalance for the preceding Month and cumulative Imbalance for all preceding Months;
(e) The fees and any other amounts due and payable by Shipper for services rendered during the preceding Month(s); and (f) Any interest due and payable.
Statement by LMM. Not later than *** Business Days following the Initial Report Deadline with respect to each Month, LMM shall make available to Shipper electronically and/or via mail a statement setting forth the following:
(a) The number of Dth of Shipper’s Gas allocated to Shipper at the Receipt Point(s) during the relevant Month, based upon the volume of Gas delivered at the Delivery Point(s);
(b) The number of Dth delivered by LMM for Shipper’s account to the Delivery Point(s) during the relevant Month;
(c) The number of Dth of Shipper’s Gas retained by LMM as Gathering Fuel during the relevant Month;
(d) Gains/losses of Shipper’s Dth;
(e) The fees and any other amounts due and payable by Shipper for services rendered during the relevant Month(s); and
(f) Any interest due and payable.
Statement by LMM. Not later than *** Business Days following the Initial Report Deadline with respect to each Month, LMM shall make available to Shipper electronically and/or via mail a statement setting forth the following:
(a) The number of Dth of Shipper’s Gas allocated to Shipper at the Receipt Point(s) during the relevant Month, based upon the volume of Gas delivered at the Delivery Point(s);
(b) The number of Dth delivered by LMM for Shipper’s account to the Delivery Point(s) during the relevant Month; (c) The number of Dth of Shipper’s Gas retained by LMM as Gathering Fuel during the relevant Month;