Initial Value of Retained Block Sample Clauses

Initial Value of Retained Block. The Retained Nova Scotia Block shall be expressed in MWh and shall be equal to the Cross Default Amount divided by the sum of: (i) the average Reference Day-Ahead Price (expressed in dollars per MWh), and (ii) any average value for Capacity and GHG Credits (expressed in dollars per MWh) (if prices for such Capacity and GHG Credits are published and publicly available for a product which Nalcor is able to sell, in a market which Nalcor is able to access) attributable to the Retained Nova Scotia Block, each of such prices to be averaged over the 365 days prior to the date on which the Cross Default Amount is finally determined by Nalcor, through agreement of Nalcor and Emera or by resolution as a Specified Dispute.
Sample 1
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Related to Initial Value of Retained Block

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