Shared Financial Interest definition

Shared Financial Interest means a Financial Interest in the Facility that is shared among a group of customers.
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Examples of Shared Financial Interest in a sentence

  • To ensure the uninterrupted allocation of credits following the final billing and deactivation of a Shared Financial Interest account, the Project Sponsor is required to provide the Company with notification of any replacement accounts or reallocation of Credits to existing Shared Financial Interest Customers accounts within thirty (30) days of receiving notice of an account’s final billing.

  • If the Shared Financial Interest Facility Account invoice is generated prior to that date, Credits allocated to the final billed account will be credited to the Facility Account.

  • The data will also include total Facility production, total Credits generated, and total Credits allocated to Shared Financial Interest Customers’ accounts.

  • Until such time as the Company automates its billing system to provide such information directly on the Facility Account invoice, by the twentieth (20th) day of each month following the month in which the Credits are applied, the Company shall provide Project Sponsor with a report describing the allocation of Credits to Shared Financial Interest Customers in the corresponding Billing Period.

  • Such Credits will be subsequently reallocated to the designated replacement account, or reallocated to existing Shared Financial Interest Customers accounts as directed by the Customer/Project Sponsor.

  • Company and Shared Financial Interest Customer (or Project Sponsor or Project Sponsor’s designated agent, as applicable) shall work together in good faith to make the billing adjustment as soon as practicable and shall make every attempt to correct the billing within one (1) Billing Period from identification of the need for the billing adjustment.

  • The Credits will expire 12 months from the date they were allocated to the Shared Financial Interest Customer(s).

  • As Shared Financial Interest Customers are invoiced each month, current month Credits are first applied and then, if applicable, banked Unused Credits are drawn from the customer’s bank.

  • If there is Out Energy during any Facility Billing Period, then such Out Energy shall be applied to Shared Financial Interest Customers’ accounts as described in Paragraph (C) below.

  • Furthermore, each Financial Interest Customer identified in Exhibit 1 or Exhibit 2 is a Shared Financial Interest Customer with a legally enforceable Financial Interest in the Facility and has the rights to the benefits of the output of the Facility (for Commercial or Institutional Shared Financial arrangements under Chapter 313).

Related to Shared Financial Interest

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Financial Interest means either:

  • Material financial interest means a personal and pecuniary interest, direct or indirect, accruing to a public servant or spouse, either individually or in combination with each other. Notwithstanding the foregoing, the following shall not be deemed to be a material financial interest with respect to a business with which a public servant may be associated:

  • Structured Finance Obligation means any obligation issued by a special purpose entity secured directly by, referenced to, or representing ownership of, a pool of receivables or other financial assets of any Obligor (excluding any loan made to an operating business that buys, sells and/or liquidates such assets in the ordinary course of business), including (but not limited to) collateralized debt obligations, collateralized loan obligations, asset backed securities and mortgage backed securities or any re-securitization thereof.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • immaterial financial interest means any financial interest with a determinable monetary value, the aggregate of which does not exceed R1 000 in any calendar year from the same third party in that calendar year received by –

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Class C Additional Interest is defined in Section 4.1(c).

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Required Financial Information means, with respect to the applicable Calculation Date, (i) the financial statements of the Consolidated Parties required to be delivered pursuant to Section 7.1(a) or (b) for the fiscal period or quarter ending as of such Calculation Date, and (ii) the certificate of an Executive Officer of the Borrower required by Section 7.1(c) to be delivered with the financial statements described in clause (i) above.

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.