Common use of Substitution for Final Billed Accounts Clause in Contracts

Substitution for Final Billed Accounts. To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing. If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account. Such Credits will be subsequently reallocated to the designated replacement account, or reallocated to existing Shared Financial Interest Customers accounts as directed by the Customer/Project Sponsor. If the Customer/Project Sponsor fails to provide notification of a replacement account or other reallocation instructions within 30 days of notification of an account’s final billing, then at the conclusion of such thirty (30) days, excess Credits allocated to the Facility Account will remain on that account and will not be manually transferred to different account(s). If the terminating account is final billed on the scheduled meter read date of the Facility Account, the terminating account will receive Credits on its final xxxx. If the terminating account is final billed on any other date, the account will not receive Credits but would be eligible to receive any Unused Credits from prior Billing Periods.

Appears in 4 contracts

Samples: Agreement, www.versantpower.com, Agreement

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Substitution for Final Billed Accounts. To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing. If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account. Such Credits will be subsequently reallocated to the designated replacement account, or reallocated to existing Shared Financial Interest Customers accounts as directed by the Customer/Project Sponsor. If the Customer/Project Sponsor fails to provide notification of a replacement account or other reallocation instructions within 30 days of notification of an account’s final billing, then at the conclusion of such thirty (30) days, excess Credits allocated to the Facility Account will remain on that account and will not be manually transferred to different account(s). If the terminating account is final billed on the scheduled meter read date of the Facility Account, the terminating account will receive Credits on its final xxxx. If the terminating account is final billed on any other date, the account will not receive Credits but would be eligible to receive any Unused Credits from prior Billing Periods.

Appears in 2 contracts

Samples: Agreement, www.maine.gov

Substitution for Final Billed Accounts. To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing. If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account. Such Credits will be subsequently reallocated to the designated replacement account, or reallocated to existing Shared Financial Interest Customers accounts as directed by the Customer/Project Sponsor. If the Customer/Project Sponsor fails to provide notification of a replacement account or other reallocation instructions within 30 days of notification of an account’s final billing, then at the conclusion of such thirty (30) days, excess Credits allocated to the Facility Account will remain on that account and will not be manually transferred to different account(s). If the terminating account is final billed on the scheduled meter read date of the Facility Account, the terminating account will receive Credits on its final xxxxbill. If the terminating account is final billed on any other date, the account will not receive Credits but would be eligible to receive any Unused Credits from prior Billing Periods.

Appears in 1 contract

Samples: Agreement

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Substitution for Final Billed Accounts. To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing. If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account. Such Credits will be subsequently reallocated to the designated replacement account, or reallocated to existing Shared Financial Interest Customers accounts as directed by the Customer/Project Sponsor. If the Customer/Project Sponsor fails to provide notification of a replacement account or other reallocation instructions within 30 days of notification of an account’s final billing, then at the conclusion of such thirty (30) days, excess Credits allocated to the Facility Account will remain on that account and will not be manually transferred to different account(s). If the terminating account is final billed on the scheduled meter read date of the Facility Account, the terminating account will receive Credits on its final xxxxbill. If the terminating account is final billed on any other date, the account will not receive Credits but would be eligible to receive any Unused Credits from prior Billing Periods.

Appears in 1 contract

Samples: Agreement

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