Residual Unit definition
Examples of Residual Unit in a sentence
Buyer shall be entitled to receive and retain all revenues associated with the Contract Quantity during the Delivery Period including any capacity or availability revenues from RMR Contracts for any Unit, Capacity Procurement Mechanism (CPM) or its successor, and Residual Unit Commitment (RUC) Availability Payments, or its successor, but excluding payments described in Section 4.3(a)(i)-(iv).
CPE shall be entitled to receive and retain all revenues associated with the Showing Quantity during the Shown Term (“CPE Revenues”), including any capacity or availability revenues from CPM, including through a competitive solicitation process, and Residual Unit Commitment (RUC) Availability Payments.
The beneficial interest in the Series Trust is represented by a single unit to be known as the Residual Unit.
Buyer shall be entitled to receive and retain all revenues associated with the Product during the Delivery Term (“Buyer Revenues”), including any capacity or availability revenues from CPM, including through a competitive solicitation process, and Residual Unit Commitment (RUC) Availability Payments.
The form of the Unit Transfer for the Residual Unit may be agreed from time to time between the then Residual Unitholder, the Manager and the Trustee (acting reasonably).
The initial form of the Unit Certificate for the Residual Unit is as set out in Schedule 9.
The Residual Unitholder may, on or prior to the Closing Date, invest amounts by way of an increase in the capital of the Series Trust represented by the Residual Unit by paying such amounts to the Trustee or as the Trustee, upon the written instruction of the Manager, directs.
Unit The initial holder of the Residual Unit in the Series Trust is CBA.
Cost-based Ancillary Services and Residual Unit Commitment bids should equal $0/MW.
However, Buyer shall be entitled to receive and retain all revenues associated with the Designated RA Capacity of any Unit during the Delivery Period (including any capacity or availability revenues from RMR Agreements for any Unit, Reliability Compensation Services Tariff, and Residual Unit Commitment capacity payments, but excluding payments described in clauses (a) through (e) above).