Independent Amount definition

Independent Amount means zero with respect to Party A and Party B.
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Independent Amount means with respect to Party B: Zero
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Independent Amount means with respect to Party A: Not applicable.
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Examples of Independent Amount in a sentence

  • Additionally, Suppliers that are rated at or below BBB-/Baa3 will be required to post an Independent Amount equal to 10% of the notional value of each Load Block awarded.

  • ERCOT will require Financial Security for the Independent Amount in the same way as it does for other TPES elements.

  • ERCOT may use any of the remedies provided in Section 16.11.6 to collect the Independent Amount for each Counter-Party.

  • Regardless of whether the Counter-Party or an acceptable guarantor meets the capitalization criteria above, ERCOT may nevertheless require the Counter-Party to meet the capitalization criteria by posting an Independent Amount in the event that the Counter-Party or a guarantor has a material change that may adversely affect the Counter-Party’s or an acceptable guarantor’s financial condition in conjunction with or subsequent to the most recent audited annual or unaudited quarterly financial statements.

  • Any non-payment of the Independent Amount is considered a Payment Breach pursuant to Section 16.11.6, Payment Breach and Late Payments by Market Participants.


More Definitions of Independent Amount

Independent Amount means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.
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Independent Amount means with respect to Party A and Party B, zero.
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Independent Amount means with respect to Party B: Not Applicable.
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Independent Amount means, with respect to a party, the Base Currency Equivalent of the amount specified as such for that party in Paragraph 11(b)(iii)(A); if not amount is specified, zero.
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Independent Amount means zero.
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Independent Amount means, with respect to a Party, the amount, if any, set forth in the Cover Sheet for such Party, or if no amount is specified, zero, unless specified otherwise in a Product Order for a Transaction.
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Independent Amount means, with respect to a party, the Base Currency Equivalent of the amount specified as such for that party in Paragraph 11(b)(iii)(A); if no amount is specified, zero.
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