Contract Allocation definition
Examples of Contract Allocation in a sentence
Consistent with the Contract Allocation Order, Utility shall not, in acting as limited agent of DWR hereunder be required to perform any obligations of any Supplier under any Allocated Contract or to make any payments on behalf of such Supplier or as the result of the failure of such Supplier to perform under any Allocated Contract.
As noted in the Contract Allocation Order, the details of the amount and recovery of administrative costs to Utility associated with the Contracts are expected to be considered in another Commission proceeding.
Under the Contract Allocation Order DWR remains financially obligated for the Contracts.
In addition to any other termination rights herein, and notwithstanding any other provision of this Agreement to the contrary, this Agreement shall automatically terminate without recourse by one Party for any damages or other costs against the other Party, and without any further obligation or liability of either Party, excepting payment by the Department of $40 per MWh pursuant to Appendix A, subpart (a), in the event the Contract Allocation Date does not occur by January 31, 2003.
The principles herein, together with the applicable methods and calculations contained in the Servicing Arrangement, form a substantive component of the accounting protocols required to implement the Contract Allocation Order.
Utility shall use good faith efforts to dispatch Allocated Contracts and, prior to novation, Interim Contracts, based on the principle of “least cost dispatch” to retail customers, consistent with the Contract Allocation Order and other Applicable Commission Orders.
In accordance with the Contract Allocation Order1, this Exhibit C provides that: • Revenues will be allocated for both surplus sales and retail customer deliveries • Revenues will be allocated pro rata, based on dispatched quantities of energy • The principle of balancing least cost economic dispatch while maintaining reliability is reinforced through these revenue allocation protocols.
Utility agrees to use good faith efforts to dispatch Allocated Contracts, and, prior to novation, Interim Contracts, based on the principle of "least cost dispatch" to retail customers, consistent with the Contract Allocation Order and other Applicable Commission Orders.
No Contracts or its related security shall be released from Agent’s security interest to become a Securitized Contract unless and until (i) such Contracts are transferred on a daily or weekly basis after origination pursuant to a Contract Allocation Agreement (as may be provided in the Contract Allocation Agreement) or (ii) Agent executes a release releasing such Contract from Agent’s security interest.
Consistent with the Contract Allocation Order, the Power Charges and DWR Surplus Energy Sales Revenues are based on dispatched quantities of Power and metered loads.