Examples of Subscription Percentage in a sentence
With exception of a situation in which a Subscriber’s share is above the maximum allowable consumption as discussed below, a Subscriber’s CNM Credit for a Subscription is calculated by multiplying the metered generation of the CREF for the Billing Month in kilowatt hours times the Subscription Percentage and by the CREF Credit Rate less the CREF Administrative Charge (if applicable).
Upon the mutual agreement of two or more Participants, the Withdrawing Participant may assign all, or a portion of, its Subscription Percentage share of its Contract Transactions to an Adjusting Participant, if such withdrawal and assignment does not violate any applicable credit support conditions contained in any of the relevant agreements to which the Withdrawing Participant and/or Adjusting Participant is a party.
Except as provided by Section 11 no Participant may assign or otherwise transfer their interest in their Subscription Percentage, or any other rights and obligations under this Agreement, without the express written consent of NCPA.
Approved Products shall be delivered to or collected from Participants in accordance with each Participant’s Subscription Percentage of a Contract Transaction.
The Lead Managers: [ ] [ ] [ ] By Power of Attorney The Other Managers: [ ] [ ] By Power of Attorney ANNEX I SUBSCRIPTION PERCENTAGES Lead Manager Subscription Percentage Other Managers Subscription Percentage Part II [Illustrative form of Subscription Agreement where an issue of Covered Bonds is syndicated among a group of institutions for a Rule 144A offering.
Upon consummation of a Contract Transaction, NCPA shall notify and report the transaction results to each Participant that has a Subscription Percentage in said Contract Transaction.
Any Approved Products delivered to NCPA from a Contract Transaction shall be delivered to each Participant in proportion to such Participant’s Subscription Percentage, and each Participant shall accept and pay for its Subscription Percentage share of such Contract Transaction.
If a Participant fails to provide NCPA with Approved Products in accordance with its Subscription Percentage, and NCPA is unable to purchase an equivalent alternative supply of Approved Products to deliver Participant’s relevant supply obligations in full under the Contract Transaction, or otherwise terminates the Contract Transaction, all damages assessed to NCPA that are attributed to Participant’s failure to deliver the Approved Product will be charged to and paid by that Participant.
A new Participant shall not be entitled to receive any Approved Products or be obligated to provide any Approved Products in connection with a Contract Transaction entered into prior to the date it becomes a Participant unless one or more Allocating Participants formally elect to allocate a portion of its Subscription Percentage share of an existing Contract Transaction to such new Participant.
A Participant that fails to deliver Approved Products to NCPA in accordance with its Subscription Percentage shall be responsible for all costs incurred by NCPA in connection with Approved Products replacement, or Contract Transaction termination, including any associated Replacement Commodity Costs.