Internal Bilateral Transactions Sample Clauses

Internal Bilateral Transactions. The transfer of the Contract Quantity of Associated Energy from Seller to T&D shall be implemented through bilateral transactions in the market settlement system administered by ISO-NE. Seller shall submit market transactions to ISO-NE that transfer to T&D the Contract Quantity of Associated Energy, with hourly quantities, delivery point, and other transaction characteristics that replicate the transactions submitted by Seller to ISO-NE. T&D shall be obligated to accept and confirm submitted transactions in accordance with all applicable ISO-NE Market Rules and Manuals. In implementing internal bilateral transactions (“IBT”) the Parties shall comply with the IBT Protocols as specified in ISO-NE Market Rules and Manuals.
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Internal Bilateral Transactions. Seller, as Lead Market Participant, shall schedule the energy into ISO-NE under an Internal Bilateral Transaction (“IBT”). Under such arrangement, Seller shall transfer Buyer’s Metered Output into ISO-NE as generated, all energy revenues and charges for Buyer’s Metered Output shall be transferred directly from ISO-NE to Buyer, and Buyer shall settle with Seller for the fixed Aggregate Contract Price. Buyer is responsible only for Imbalance Energy Charges and Credits related to the Project, and any charges and credits resulting from the Forward Capacity Market (“FCM”) as described below in Section 4.7. Seller, as Lead Market Participant, will offer bids into ISO-NE at the Energy Offer Floor price, except as otherwise provided herein, and subject to any other reasonable modifications to scheduling and bidding strategies that Buyer communicates to Seller throughout the Term. The Parties agree to cooperate in a commercially reasonable manner and in accordance with Applicable Market Rules to develop such scheduling and bidding strategies.
Internal Bilateral Transactions. The transfer of the Contract Quantity of Energy from Seller to T&D shall be implemented through real-time bilateral transactions in the market settlement system administered by ISO-NE. Unless otherwise provided in internal bilateral transactions (“IBT”) procedures (if any) set forth in this Agreement, Seller shall submit market transactions to ISO-NE that transfer to T&D the Contract Quantity of Energy, with hourly quantities, delivery point, and other transaction characteristics that replicate the transactions submitted by Seller to ISO-NE, and T&D shall be obligated to accept and confirm submitted transactions, provided they are correct, in accordance with all applicable ISO-NE Market Rules and Manuals. In implementing IBT procedures, the Parties shall comply with the IBT Protocols as specified in ISO-NE Market Rules and Manuals. To the extent there are ISO-NE Schedule 2 charges arising from the IBT, Seller shall pay for any such charges related to the Seller-side of the transaction and T&D shall pay for any such charges related to the T&D-side of the transaction.

Related to Internal Bilateral Transactions

  • Internal Transfers Transfers from one customer identification number to a different customer identification number will be One Dollar and Fifty Cents ($1.50) per account transferred.

  • Internal Use You will use the Services for Your own internal business, non-residential and non-personal use. You acknowledge and agree that You will not allow any third party, including Your vendors and service providers, to access or use the Services unless such third party is allowed access for the purpose of providing authorized customer support services or in connection with Your appropriate use of the Services for Your own business purposes.

  • External Transfers Bank will not be obligated to make any transfer you may request unless there are sufficient available funds in your Transfer From account to cover the transfer on the Transfer On date. If there are insufficient available funds to cover a transfer, Bank will not retry the transaction and the transfer will be immediately rejected. As well, you are responsible for providing Bank accurate and complete information and for verifying that all money has been properly transferred to the appropriate accounts. The Cutoff Time for the External Transfer Service is 6pm CST on any Business Day. All Cutoff Times referenced in this Agreement reflect the times displayed on Bank’s internal system clocks and may not necessarily be synchronized with the internal clock displayed on your computer. For this reason, Xxxx suggests that you transmit any instructions to Bank sufficiently in advance of such Cutoff Times to eliminate the possibility of missing the Cutoff Time. All outgoing transfers are assumed to be Next Day. Money being transferred is taken out of the Bank Transfer From account on the Business Day that the transfer is requested, assuming all funds are available. Transfers between deposit accounts held by Bank and an External Account that Bank receives by the Cutoff Time on any Business Day will begin processing on the same day. Transfers to an External Account will be deducted from your Transfer From account held by Bank on the Transfer On date and will usually be reflected in your External Account on the next Business Day. However, the receiving bank’s processing policies and guidelines still apply and may not allow for same day availability. Transfers from External Accounts are subject to the processing times of the financial institution holding your External Account. Instructions for transfers from External Accounts that Bank receives by the Cutoff Time on any Business Day will be sent to the holder of your External Account on the same day for processing. Transfer instructions relating to External Accounts and the transmission and issuance of data related to such instructions shall be received pursuant to the terms of this Agreement and the rules of the National Automated Clearing House Association ("NACHA") and the applicable automated clearing house ("Regional ACH") (collectively, the "Rules") and you and Bank agree to be bound by such Rules as in effect from time to time. In accordance with such Rules, any credit to your deposit account held by Bank or your External Account shall be provisional until such credit has been finally settled by Bank or the third party institution which holds your External Account, as the case may be. You acknowledge that you have received notice of this requirement and of the fact that if Bank does not receive final settlement for a transfer for any reason, Bank shall charge back the amount of such transfer to the Transfer To or Transfer From account (as applicable) or any other of your accounts or claim a refund from you.

  • Lateral Transfers Employees may request to be transferred to a vacant position within their classification in another department and may be transferred pursuant to such request with the written approval of their department head, the involved appointing authority and the Employer's Director of Labor Relations. Such transferred employees shall serve a three (3) month probationary period in the new position. If removed by the appointing authority during the probationary period, the involved employee shall be reassigned to a vacant position within the classification or, if none is available, to their previous position.

  • Internal Control Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

  • External monitoring The external monitoring and audit referred to in Articles 11.1, 11.2, 11.3 and 11.4 of the Regulation shall not in any way relieve the National Focal Point or the Programme Operator of their obligations under the legal framework regarding monitoring of the Programme and/or its projects, financial control and audit.

  • Internal Investigations (A) The parties recognize that Florida Highway Patrol personnel occupy a special place in American society. Therefore, it is understood that the state has the right to expect that a professional standard of conduct be adhered to by all Florida Highway Patrol personnel regardless of rank or assignment. Since internal investigations may be undertaken to inquire into complaints of Florida Highway Patrol misconduct, the state reserves the right to conduct such investigations to uncover the facts in each case, but expressly agrees to carefully guard and protect the rights and dignity of accused personnel. In the course of an internal investigation, the investigative methods employed will be consistent with the law (including but not limited to section 112.532, Florida Statutes) and this agreement; nothing in this agreement, however, shall be deemed to diminish the rights of employees under applicable law.

  • Lateral Transfer Employees may request to be transferred to a vacant position in another job classification at the same MCSC Grade level provided they meet the minimum qualifications for the position.

  • External Appeals For appeals of a decision that a prescription drug is not covered because it is not on our formulary, please see the Formulary Exception Process in the Prescription Drug and Diabetic Equipment and Supplies section. When filing a reconsideration or an appeal, please provide the same information listed in the Complaints section above.

  • Mergers, Reorganizations and Equity Transfers Each of the Company and any Sponsor Affiliates acknowledges that any mergers, reorganizations or consolidations of the Company and such Sponsor Affiliates may cause the Project to become ineligible for negotiated fees in lieu of taxes under the FILOT Act absent compliance by the Company and such Sponsor Affiliates with the Transfer Provisions; provided that, to the extent provided by Section 12-44- 120 of the FILOT Act or any successor provision, any financing arrangements entered into by the Company or any Sponsor Affiliates with respect to the Project and any security interests granted by the Company or any Sponsor Affiliates in connection therewith shall not be construed as a transfer for purposes of the Transfer Provisions. Notwithstanding anything in this Fee Agreement to the contrary, it is not intended in this Fee Agreement that the County shall impose transfer restrictions with respect to the Company, any Sponsor Affiliates or the Project as are any more restrictive than the Transfer Provisions.

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