Common use of Weighted Votes Clause in Contracts

Weighted Votes. Subject as provided in Clauses 11.3 and 11.4, in respect of any Quarter: - 11.2.1 each Pool Member which is a Generator shall be entitled in that capacity to one vote for each GWh of Genset Metered Generation of all its Allocated Generating Units for all Settlement Periods falling in the Votes Calculation Period relative to such Quarter, as determined from the final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) for each such Settlement Period; and 11.2.2 each Pool Member which is a Supplier shall be entitled in that capacity to such number of votes as is equal to the total GWh of Consumer Metered Demand taken by that Pool Member in all Settlement Periods falling in the Votes Calculation Period relative to such Quarter, as determined from the final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) for each such Settlement Period, each such vote a "Weighted Voter. For the purposes of this Clause 11.2: (A) a Generating Unit shall be an Allocated Generating Unit of a Pool Member (in this Clause, the "Identified Pool Member") if it belongs to the Identified Pool Member as of the date on which the Executive Committee calculates the Weighted Votes of Pool Members for the relevant Quarter pursuant to Clause 11.3.

Appears in 1 contract

Sources: Pooling and Settlement Agreement (Entergy London Capital Lp)

Weighted Votes. Subject as provided in Clauses 11.3 and 11.4, in respect of any Quarter: -: 11.2.1 each Pool Member which is a Generator shall be entitled in that capacity to one vote for each GWh of Genset Metered Generation of all its Allocated Generating Units for all Settlement Periods falling in the Votes Calculation Period relative to such Quarter, as determined from the final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) for each such Settlement Period; and, 11.2.2 each Pool Member which is a Supplier shall be entitled in that capacity to such number of votes as is equal to the total GWh of Consumer Metered Demand taken by that Pool Member in all Settlement Periods falling in the Votes Calculation Period relative to such Quarter, as determined from the final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) for each such Settlement Period, each such vote a "Weighted VoterVote". For the purposes of this Clause 11.2: (A) a Generating Unit shall be an Allocated Generating Unit of a Pool Member (in this Clause, the "Identified Pool Member") if it belongs to the Identified Pool Member as of the date on which the Executive Committee calculates the Weighted Votes of Pool Members for the relevant Quarter pursuant to Clause 11.3.

Appears in 1 contract

Sources: Pooling and Settlement Agreement (Calenergy Co Inc)