Examples of Net Long Position in a sentence
In such event, such Unforced Capacity of such resource shall be subject to the MOPR Floor Offer Price for the period specified in subsection (h)(4) hereof; provided however, that any such Unforced Capacity that did not qualify for such exemption for such Delivery Year may qualify for such exemption in any RPM Auction for a future Delivery Year to the extent the Self-Supply LSE’s future load growth accommodates the resource under the Net Long Position criteria.
If the Corporation has, in accordance with this Rule, delivered Eligible Securities to a Clearing Member with a Pool Net Long Position, such Clearing Member shall be obligated to accept delivery of all such securities at the Settlement Value for the Pool Receive Obligation or Pool Receive Obligations that comprise such Position.
The Corporation will do so only upon obtaining the consent of a Clearing Member or Members with a Pool Net Long Position or Positions comprised of Eligible Securities with the same CUSIP number to a receipt by the Clearing Member or Members from the Corporation of a like amount of such securities.
If the Corporation accepts an Exception Delivery of Exception Securities, the Exception Delivering Member shall be deemed to have loaned such Exception Securities to the Corporation, and such Exception Securities shall constitute a Pool Net Long Position of such Member.
Notwithstanding anything to the contrary contained herein, the parties agree that even if Xxxxxxx Capital’s Net Long Position is less than the Minimum Ownership Level, neither the Initial New Director, the Subsequent New Director or any Replacement shall be required to resign from the Board.