Distribution Of Emergency Procedure Charges Sample Clauses

The 'Distribution of Emergency Procedure Charges' clause defines how costs associated with emergency procedures are allocated among the parties involved. Typically, this clause outlines which party is responsible for paying charges incurred during urgent or unforeseen situations, such as medical emergencies or critical repairs, and may specify reimbursement processes or cost-sharing arrangements. Its core function is to ensure clarity and fairness in handling unexpected expenses, thereby preventing disputes over financial responsibility during emergencies.
Distribution Of Emergency Procedure Charges. 1. Each Party and each party to the RAA that has complied with the emergency procedures imposed by this Agreement or the RAA during an Emergency, without incurring an emergency procedure charge, shall share in any emergency procedure charges paid by any other Party or by any party to the RAA that has failed to satisfy said obligation during an Emergency. Such shares shall be in proportion to the sum of the Accounted For Obligations (calculated without any reduction for ALM load credit) of of the Parties and each of the parties to the RAA entitled to share in the charges, for the most recent month. 2. In the event all of the Parties and all of the parties to the RAA have incurred charges with respect to an Emergency, the charges related to that Emergency shall be distributed as approved by the PJM Board. Issued By: ▇▇▇▇▇ ▇▇▇▇▇▇ Effective: June 1, 2003 Vice President, Governmental Policy Issued On: July 29, 2003 Filed to comply with order of the Federal Energy Regulatory Commission, Docket No. ER03-703-000, issued May 30, 2003, 103 FERC ¶ 61,250. PJM Interconnection, L.L.C. Original Sheet No. 43 First Revised Rate Schedule FERC No. 32 The following responsibilities shall be delegated by the Parties to the Office of the Interconnection. The Office of Interconnection is obligated under the Amended Operating Agreement and this Agreement to meet these responsibilities:
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Distribution Of Emergency Procedure Charges 
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Related to Distribution Of Emergency Procedure Charges

  • Hardship Distribution Upon the Board of Director's determination (following petition by the Executive) that the Executive has suffered an unforeseeable financial emergency as described in Section 2.2.2, the Company shall distribute to the Executive all or a portion of the Deferral Account balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Death During Distribution of a Benefit If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

  • When Must Distributions from a ▇▇▇▇ ▇▇▇ Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • What Forms of Distribution Are Available from a ▇▇▇▇▇▇▇▇▇ Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.