Auto Bin Deemed Hedge Roll definition
Auto Bin Deemed Hedge Roll has the meaning set forth in Schedule 5(c).
Examples of Auto Bin Deemed Hedge Roll in a sentence
All amounts due and owing in respect of such Auto Bin Deemed Hedge Roll Settlement Amount shall be settled and shall be paid by the owing Party to the other Party on the second (2nd) Business Day following PESRM’s receipt of such invoice.
On the second (2nd) Business Day after each expiry date of any deemed hedge roll in the Auto Bin, MLC shall determine the Auto Bin Deemed Hedge Roll Settlement Amount as of such expiry date and the identity of the Party owing such payment, and shall be invoiced by MLC on such Day of determination.