Definition of Power Transaction


Power Transaction means a specifically agreed to purchase or sale of Power between MMC and Energy Manager pursuant to CAISO tariff or Third Party agreement.

Examples of Power Transaction in a sentence

Additional Trading Transaction has the meaning provided such term in Section 7.1. Additional Trading Transaction Closing Date has the meaning provided such term in Section 7.1. Additional Transaction means each Additional Trading Transaction and each Additional Physical Power Transaction.
Option B: Uuless otherwise agreed by the parties, all invoices for payment pursuant to a Power Transaction sball be due and payable in accordance with each party's invoice instructions on or before the later of the twenty fifth (25th) day of each month, or th&l tenth (lOth) day after receipt of the invoice or, if such day is not a Local Business Day, then on the next Local Business Day.
If Buyer fails to Schedule andlor receive all or pan of the Product pursuant to a Power Transaction and such failure is not excused under the tenos of the Product or by Seller's failure to perfonn, then Buyer shall pay Scller on the date payment would otherwise be due in respect of the month in which the failure occurred or, ifuAccelerated Pa.J'ment of Damages" is specified in clause (j), within five (5) Local Business Days of invoice reccipr.
Additional Transaction Addendum means an Additional Transaction Addendum in the form of Exhibit F executed and delivered pursuant to Section 7.1. Additional Transaction Closing Date means (i) in the case of an Additional Trading Transaction, the Additional Trading Transaction Closing Date for such Transaction, and (ii) in the case of an Additional Physical Power Transaction, the Additional PP Transaction Closing Date for such Transaction.
Each Additional Physical Power Transaction for which a confirmation has been entered into pursuant to Section 7.2(a) shall become an Additional Transaction (and a Transaction) for all purposes hereunder (including Article V) effective as of the trade date (the Additional PP Transaction Closing Date) specified in such confirmation.