Shared Financial Interest definition
Examples of Shared Financial Interest in a sentence
To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing.
Company and Shared Financial Interest Customer (or Project Sponsor or Project Sponsor’s designated agent, as applicable) shall work together in good faith to make the billing adjustment as soon as practicable and shall make every attempt to correct the billing within one (1) Billing Period from identification of the need for the billing adjustment.
If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account.
If the Company and Shared Financial Interest Customer (or Project Sponsor or Project Sponsor’s designated agent, as applicable) cannot resolve the billing adjustment to their mutual satisfaction, they may commence the dispute resolution process in Article XVII below.
The Credits will expire 12 months from the date they were allocated to the Shared Financial Interest Customer(s).
Such Credits will be subsequently reallocated to the designated replacement account, or reallocated to existing Shared Financial Interest Customers accounts as directed by the Customer/Project Sponsor.
The timing for performing such adjustments to subscriber accounts is described below: In the event that billing adjustments are required as the result of meter inaccuracies or any other error, the Company and the Shared Financial Interest Customer (or Project Sponsor or Project Sponsor’s designated agent, as applicable) will work together to correct the billing.
If there is Out Energy during any Facility Billing Period, then such Out Energy shall be applied to Shared Financial Interest Customers’ accounts as described in Paragraph (C) below.
The data will also include total Facility production, total Credits generated, and total Credits allocated to Shared Financial Interest Customers’ accounts.
As Shared Financial Interest Customers are invoiced each month, current month Credits are first applied and then, if applicable, banked Unused Credits are drawn from the customer’s bank.