Surplus Party definition

Surplus Party means a Party that has an Estimated Adjusted Energy Load in excess of the sum of its Estimated Firm Energy Load plus its commitments to deliver firm energy to other Parties from its Firm Resources and minus its firm rights to receive energy from other Parties’ Firm Resources.

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Surplus Party shall have the meaning set forth in Section 7.4(b)(ii)(A). I.66

Surplus Party has the meaning given to it in Section 6.04(d).

Examples of Surplus Party in a sentence

• While Surplus and Deficit Parties may reallocate their EAELs between Periods in the Critical Period pursuant to paragraph 6(a)(1), Load Data, a Surplus Party may not submit EAELs that would show a deficit in any Period in the Critical Period and a Deficit Party cannot submit EAELs that would show a surplus in any Period in the Critical Period.

• Notwithstanding the foregoing, in the calculation of amounts due the Parties under Section 7.5(a) of the Company Agreement, an amount equal to the Implied Tax Amount (as subsequently defined) borne by the Surplus Party with respect to distributions received with respect to Common Units held of record as of the Closing but distributed to the True-up Party shall be deemed distributed to the True-up Party for the purposes of making the calculations required by Section 7.5(a) of the Company Agreement.