Examples of Slice in a sentence
This provision does not apply to the calculation of the Slice Termination Payment, if any.
If the District does not elect to obtain or does not receive any bids or indicative quotations pursuant to the procedures set forth in clause (b) above, or if Purchaser is the Calculation Agent pursuant to subsection (a) above, the Slice Termination Payment shall be determined by the District or the Purchaser, using commercially reasonable procedures in order to produce a commercially reasonable result utilizing the base methodology outlined in Appendix A to the Collateral Annex.
A Slice Termination Payment as referenced in this Contract shall be calculated in accordance with the protocol set forth in this section.
Except for the amount of the net termination payment, the determination of the net amounts due under this Contract, other Slice Contracts and WSPP Transactions shall not be offset by, or take into account or include any Performance Assurance that may then be posted and in effect pursuant to the Collateral Annex between the Parties.
It is expressly agreed that the District shall not be required to enter into a Replacement Slice Contract or any replacement transactions in order to determine the value of Purchaser’s Output for the purposes of calculating the Slice Termination Payment under this section.
The Purchaser’s residual reserves equals the Purchaser’s maximum generation limit minus the Purchaser’s aggregated schedules minus the Purchaser’s Canadian Entitlement obligation and any additional reserve obligations required by standards, District Business Practices, and District Slice Operating Instructions.
The Purchaser, as calculation agent, shall use the Alternative Determination Methodology in Section 16(c) to calculate the Slice Termination Payment and calculate and include any gain or loss incurred for the period between the Event of Default and the calculation date in the net termination payment.
The determination of the Slice Termination Payment pursuant to the criteria set forth below shall be binding on the Parties and conclusive, absent manifest error.
The Slice Termination Payment calculated pursuant to clause (b) or (c) above shall be discounted to present value using the Present Value Rate as of the time of termination.
The scheduling limits shall be as described in the District Slice Operating Instructions and the District Business Practices, as may be amended by the District from time to time.