Common use of True-Ups Clause in Contracts

True-Ups. J.5.1. The Transmitter shall carry out true-up calculations in accordance with section 6.5 of the Code. J.5.2. For the purposes of enabling the Transmitter to carry out a true-up calculation referred to in section J.5.1, the Customer shall provide the Transmitter with an updated load forecast. The Parties shall amend Attachment J1 to reflect that updated load forecast. J.5.3. Where the Customer voluntarily and permanently disconnects any facilities from the Transmitter’s facilities prior to the last applicable true-up point determined in accordance with section 6.5.3 of the Code, the transmitter shall at the time of disconnection carry out a final true-up calculation as required by section 6.5.11 of the Code. J.5.4. Where the Transmitter has carried out a true-up calculation under section J.5.1 or J.5.3: (a) the Customer shall make a payment to the Transmitter where the results of the true-up calculation so require as set out in section 6.5.6 or 6.5.11 of the Code; or (b) the Transmitter shall credit or rebate an amount to the Customer where the results of the true-up calculation so require as set out in section 6.5.7 or 6.5.11 of the Code. 1.1. The Parties shall record the Customer’s assigned capacity from time to time as required using the following table or using such other table as the Parties may agree.

True-Ups. J.5.1. The Transmitter shall carry out true-up calculations in accordance with section 6.5 of the Code. J.5.2. For the purposes of enabling the Transmitter to carry out a true-up calculation referred to in section J.5.1, the Customer shall provide the Transmitter with an updated load forecast. The Parties shall amend Attachment J1 to reflect that updated load forecast. J.5.3. Where the Customer voluntarily and permanently disconnects any facilities from the Transmitter’s =s facilities prior to the last applicable true-up point determined in accordance with section 6.5.3 of the Code, the transmitter shall at the time of disconnection carry out a final true-up calculation as required by section 6.5.11 of the Code. J.5.4. Where the Transmitter has carried out a true-up calculation under section J.5.1 or J.5.3: (a) the Customer shall make a payment to the Transmitter where the results of the true-up calculation so require as set out in section 6.5.6 or 6.5.11 of the Code; or (b) the Transmitter shall credit or rebate an amount to the Customer where the results of the true-up calculation so require as set out in section 6.5.7 or 6.5.11 of the Code. 1.1. The Parties shall record the Customer’s assigned capacity from time to time =s Load Forecast and Load Shape (as required using the following table or using such other table as the Parties may agree.by section J.3.1 of Schedule J) Customer=s Assigned Capacity