Quarterly Netting Statement definition

Quarterly Netting Statement means a statement, with respect to a Quarterly Payment Cycle, prepared by the IPA that includes the Maximum Allowable Payment that can be made as of the issuance date of the Quarterly Netting Statement by Buyer to Seller under this Agreement associated with such Quarterly Payment Cycle.

Quarterly Netting Statement means a statement, with respect to a Quarterly Payment Cycle, prepared by the IPA that includes the Maximum Allowable Payment that can be made as of the 3 For avoidance of doubt, the Price Adder related to the Community Solar Subscription Mix is applied only to the Non- Anchor Tenant Contract Price component of the Contract Price calculation, and the Price Adder related to a 100% Low-Income Subscriber Owned Project is applied to the overall Contract Price. issuance date of the Quarterly Netting Statement by Buyer to Seller under this Agreement associated with such Quarterly Payment Cycle.

Quarterly Netting Statement means a statement, with respect to a Quarterly Payment Cycle, prepared by the IPA that includes the Maximum Allowable Payment that can be made as of the 3 For avoidance of doubt, the Price Adder related to the Community Solar Subscription Mix is applied only to the Non- Anchor Tenant Contract Price component of the Contract Price calculation, and the Price Adder related to a 100% Low-Income Subscriber Owned Project is applied to the overall Contract Price. issuance date of the Quarterly Netting Statement by Buyer to Seller under this Agreement associated with such Quarterly Payment Cycle.

Examples of Quarterly Netting Statement in a sentence

• For avoidance of doubt, the payment of such Advance of Capital amount may occur prior to the Energization of the Designated System; and in such case, the Advance of Capital amount is not included in the Maximum Allowable Payment in any Quarterly Netting Statement and no Quarterly Payment Cycle is assigned to such Designated System until such Designated System is Energized.

• If the Quarterly Netting Statement includes a Designated System that is a Community Renewable Energy Generation Project, then the Quarterly Netting Statement shall also include information related to any payment adjustments pursuant to Section 2.6. Further, with respect to a Designated System that is in the EEC Category, the foregoing shall be subject to Section 5.6 below.

• Notwithstanding the foregoing in Section 5.1 and Section 5.2, any invoice for the Advance of Capital shall be invoiced separately, and there is no requirement for such invoice to be accompanied by a Quarterly Netting Statement.

• Each invoice, with respect to a Quarterly Payment Cycle, shall include: (a) the invoice amount, (b) the cumulative amount previously invoiced by Seller under such Quarterly Payment Cycle, (c) the Maximum Allowable Payment indicated in the most recent Quarterly Netting Statement for such Quarterly Payment Cycle, (d) the applicable PJM-EIS GATS and/or M-RETS Unit IDs of Designated Systems that have been Energized and (e) any unpaid amounts owed to Buyer by Seller as of the date of the invoice.

• All payment calculations shall be subject to adjustments in accordance with the terms of this Agreement, including (without limitation) Section 2.6. An example of the Quarterly Netting Statement calculations is provided in Exhibit F-4-A.