Monthly Settlement definition

Monthly Settlement shall have the meaning specified in Section 4.4(a).
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Monthly Settlement means the monthly settlement process set forth in the ISO New England Manuals.
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Monthly Settlement means the making of all payments and adjustments specified in Section 7.03, including, without limitation, Account Adjustments and Reinsurer Top-Up Payments.
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Examples of Monthly Settlement in a sentence

  • On the Monthly Settlement Date, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice, subject to Section 7.5 (Netting of Payments).

  • Buyer and Seller shall discharge mutual debts and payment obligations due and owing to each other under this Agreement, as of the Monthly Settlement Date, such that all amounts owed by each Party to the other Party shall be reflected in a single amount due to be paid by the Party who owes it and received by the other Party, provided that the calculation of the net amount shall not include any disputed amounts being withheld pursuant to Section 7.6 (Billing Disputes and Adjustments of Invoices).

  • For twice monthly payments, the Monthly Settlement Date will apply to the payment for the second twice-monthly billing period.

  • Buyer shall be responsible for procuring from the PJM spot market the full-requirements service for Residential and Type I SOS that is in excess of the Residential Monthly Settlement Base Load and the Type I Monthly Settlement Base Load, respectively.

  • All payments shall be made by “Electronic Funds Transfer” (EFT) via “Automated Clearing House” (ACH), unless otherwise agreed to by the Parties, to a bank designated in writing by such Party, by 12:00 p.m. EPT on the Weekly Settlement Date or Monthly Settlement Date, as applicable.

  • The amount of Monthly Settlement Load with respect to any calendar month during the Delivery Period shall be determined in terms of megawatt-hours (MWh) of Energy and, where applicable, megawatts (MW) of demand.

  • On the Weekly Settlement Date or Monthly Settlement Date, as applicable, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice.

  • Buyer and Seller shall discharge mutual debts and payment obligations due and owing to each other under this Agreement, as of the Monthly Settlement Date, such that all amounts owed by each Party to the other Party shall be reflected in a single amount due to be paid by the Party who owes it and received by the other Party, provided that the calculation of the net amount shall not include any disputed amounts being withheld pursuant to Section 7.5 (Billing Disputes and Adjustment of Invoices).

  • If at any time and from time to time during the term of this Agreement, a Buyer Downgrade Event occurs, notwithstanding the provisions of Article 7 (Billing and Settlement), Seller shall have the right to require Buyer to divide the Monthly Settlement Amount into twice-monthly amounts and pay such amounts on a twice- monthly basis for so long as the Buyer Downgrade Event continues.

  • All payments shall be made by “Electronic Funds Transfer” (EFT) via “Automated Clearing House” (ACH), to a bank designated in writing by such Party, by 12:00 p.m. EPT on the Monthly Settlement Date, unless otherwise agreed to by the Parties.


More Definitions of Monthly Settlement

Monthly Settlement means the net amount due and payable to either party with respect to any Accounting Period. "Non-Assumed Policies" means Reinsured Policies that shall not have been novated to the Reinsurer under the terms of the Assumption Reinsurance Agreement, and under which the Company retains primary liability. "Other Amounts" shall have the meaning set forth in Section 4.02.
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Monthly Settlement or “Monthly Settlement Data” means the settlement data received for a settlement month approximately 3 weeks after the last day of the settlement month as described in AUC Rule 021: Settlement System Code Rules;
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Monthly Settlement means the net amount due and payable to either party, as defined in Schedule C, with respect to any Accounting Period.
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Monthly Settlement shall have the meaning specified in Section 6.3. “Monthly Settlement Date” shall have the meaning specified in Section 6.3.
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Monthly Settlement as used in this Agreement is defined in Section 9.1(a).
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Related to Monthly Settlement

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Individual Settlement Payment means the amount payable from the Net

  • Final Settlement Date has the meaning set forth in Section 3.1(e).