Common use of Adjustment to Statement Clause in Contracts

Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation or other errors raised by a Party during the period of two (2) years following the end of the Contract Year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such two (2) year period. (b) Notwithstanding the foregoing, absent manifest error, the determination by the IESO of any information pertaining to a Statement shall be final and binding on the relevant Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the IESO which the IESO has requested be corrected, then the two (2) year limit set forth in Section 4.7(a) shall not apply to the correction of such error or a Party’s ability to readjust the Statement. (c) Subject to Section 4.8, any adjustment to a Statement made pursuant to this Section 4.7 shall be made in the next subsequent Statement.

Adjustment to Statement. ‌ (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation computation, or other errors errors, raised by a Party during the period of two one (21) years year following the end of the Contract Year calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such two (2) year period.period.‌ (b) Notwithstanding the foregoing, absent manifest error, the determination by the System Operator acting pursuant to the IESO Market Rules of any information pertaining to a Statement shall be final and binding on the relevant Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the IESO System Operator which the IESO System Operator has requested be corrected, then the two one (21) year limit set forth in Section 4.7(aSubsection 4.4(a) shall not apply to the correction of such error or a Partythe Sponsor’s ability to readjust the Statement. (c) Subject to Section 4.8Subsection 4.2(b)(iii) and 4.2(c)(iii), any adjustment to a Statement made pursuant to this Section 4.7 4.4 shall be made in the next subsequent Statement.

Adjustment to Statement. ‌‌ (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation computation, or other errors errors, raised by a Party during the period of two one (21) years year following the end of the Contract Year calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such two (2) year period.period.‌ (b) Notwithstanding the foregoing, absent manifest error, the determination by the System Operator acting pursuant to the IESO Market Rules of any information pertaining to a Statement shall be final and binding on the relevant Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the IESO System Operator which the System Operator has corrected pursuant to the IESO has requested be corrected, Market Rules then the two one (21) year limit set forth in Section 4.7(a5.6(a) shall not apply to the correction of such error or a Partythe Sponsor’s ability to readjust adjust, or the Supplier’s ability to require the Sponsor to adjust, the Statement. (c) Subject to Section 4.85.7, any adjustment to a Statement made pursuant to this Section 4.7 5.6 shall be made in the next subsequent Statement.

Adjustment to Statement. (a) Each Statement shall be subject to adjustment for errors in arithmetic, computation computation, or other errors errors, raised by a Party during the period of two one (21) years year following the end of the Contract Year calendar year in which such Statement was issued. If there are no complaints raised, or if any complaints raised in the time period have been resolved, such Statement shall be final and subject to no further adjustment after the expiration of such two (2) year period. (b) Notwithstanding the foregoing, absent manifest error, the determination by the System Operator acting pursuant to the IESO Market Rules of any information pertaining to a Statement shall be final and binding on the relevant Parties in accordance with the IESO Market Rules, and without limiting the generality of the foregoing, if a Statement contains an error in the data or information issued by the IESO System Operator which the System Operator has corrected pursuant to the IESO has requested be corrected, Market Rules then the two (2) 1 year limit set forth in Section 4.7(a5.6(a) shall not apply to the correction of such error or a Partythe Sponsor’s ability to readjust the Statement. (c) Subject to Section 4.85.7, any adjustment to a Statement made pursuant to this Section 4.7 5.6 shall be made in the next subsequent Statement.