IBT Container definition

IBT Container means the form of electronic contract submittal, as implemented in the ISO Settlement Market System effective March 1, 2003 as amended from time to time, that requires BECO to confirm the general parameters of the IBT. IBTs shall be submitted and confirmed for the longest term permitted by the ISO. NEA shall be responsible for any inaccuracies in any schedules and shall correct such schedules upon notification by BECO; provided, however, BECO shall cooperate with NEA in connection with any such Scheduling and bidding and in complying with all NEPOOL Practices and shall promptly provide information reasonably requested by NEA for the purpose of assisting NEA with its Scheduling obligations hereunder. Notwithstanding the agreement to Schedule all Contract Energy in the DAM, the Energy Payment made by BECO to NEA shall be as calculated pursuant to Section 4.1(a) hereof.
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IBT Container means the form of electronic contract submittal, as implemented in the ISO Settlement Market System effective March 1, 2003 as amended from time to time, that requires BECO to confirm the general parameters of the IBT. IBTs shall be submitted and confirmed for the longest term permitted by the ISO. NEA shall be responsible for any inaccuracies in any schedules and shall correct such schedules upon notification by BECO; provided, however, BECO shall cooperate with NEA in connection with any such Scheduling and bidding and in complying with all NEPOOL Practices and shall promptly provide information reasonably requested by NEA for the purpose of assisting NEA with its Scheduling obligations hereunder. Notwithstanding the agreement to Schedule all Contract Energy in the DAM, the Energy Payment made by BECO to NEA shall be as calculated pursuant to Section 4.1(a) hereof. (b) The Parties agree to use commercially reasonable efforts to comply with all applicable ISO Policies in connection with the Scheduling and delivery of Contract Energy hereunder. For administrative convenience, the Parties agree that all Contract Energy deliveries and receipts made pursuant to this Agreement and any other power purchase agreement between the Parties may be provided for in a single Schedule. Penalties or similar charges assessed by a Transmission Provider and caused by a Party's noncompliance with the Scheduling obligations set forth in this Section 3.3 shall be the responsibility of the Party whose action or inaction caused the penalty.
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Examples of IBT Container in a sentence

  • Subject to the satisfaction of NEA’s obligations in this Section 3.3, CECO will confirm the IBT Container in the ISO Settlement Market System.

  • For purposes of this Agreement, "IBT Container" shall mean the form of electronic contract submittal, as implemented in the ISO Settlement Market System effective March 1, 2003 as amended from time to time, that requires BECO to confirm the general parameters of the IBT.

  • Subject to the satisfaction of NEA's obligations in this Section 3.3, BECO will confirm the IBT Container in the ISO Settlement Market System.

  • Subject to the satisfaction of NEA's obligations in this Section 3.3, CECO will confirm the IBT Container in the ISO Settlement Market System.

  • For purposes of this Agreement, "IBT Container" shall mean the form of electronic contract submittal, as implemented in the ISO Settlement Market System effective March 1, 2003 as amended from time to time, that requires CECO to confirm the general parameters of the IBT.

Related to IBT Container

  • Cremation container means a leak and spill resistant, rigid,

  • Plastic container means an individual, separate, rigid plastic bottle, can, jar or carton, except for a blister pack, that is originally used to contain a product that is the subject of a retail sale.

  • Outer burial container means any container which is designed for placement in the ground around a casket or an urn including but not limited to containers commonly known as burial vaults, urn vaults, grave boxes, grave liners, and lawn crypts.

  • Storage container means a device in which sealed sources or radiation machines are secured and stored.

  • Original container means the container in which a health item was sold, distributed, or dispensed.