Balance Group Nomination Sample Clauses

Balance Group Nomination. 4.1 The Contracted Capacity may only be nominated after allocation to a Balance Group and/or a Sub-Balance Account by the Balance Responsible Party (“Bilanzgruppenverantwortlicher BGV”) in accordance with the provisions of the Other Market Rules as last amended. The System User shall perform the allocation to a Balance Group in due time. The respective lead times and further details are published in the dedicated procedure on the TAG GmbH’s website. 4.2 The System User has to ensure that an authorization by the Balance Responsible Party exists, in order to enable the allocation of Contracted Capacity to the appropriate Balance Group(s) or to a Sub-Balance Account and communicate this information to the TSO according to the rules of the Other Market Rules as last amended and further details published in the dedicated procedure on the TAG GmbH’s website. 4.3 Should the Balance Responsible Party violate provisions of the market rules and therefore limitations to nominations are ordered or the authorization to nominate has been suspended, this shall not affect the validity of this Frame Capacity Contract and the payment obligation of the System User. If these capacity rights are assigned to another Balance Group or Sub-Balance Account of another Balance Responsible Party with a valid nomination authorization or the contractual conditions between Balance Responsible Party and Market Area Manager are restored, these capacity rights are fully entitled to be nominated. 4.4 The allocation of capacity to a Balance Group or a Sub-Balance Account shall remain valid as long as the contractual obligations are met by the System User. The allocation of capacities is otherwise deemed void. 4.5 Balance Responsible Party on behalf of System User is obliged to notify TSO of any change of third-party delivering/off-taking with 3 (three) working days in advance. In the event that Balance Responsible Party fails to provide such information in a timely manner TSO cannot be held responsible for any damages occurring due to a mismatch with the interconnected transmission system operator. 4.6 The allocation shall take place in accordance with the confirmed nominations.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Balance Group Nomination. 4.1 The Booked Flow Rate resulting from this Capacity Contract may only be nominated following allocation of such capacity to a Balance Group and/or a Sub-Balance Account by the Balance Group Responsible (“Bilanzgruppenverantwortlicher BGV”) in accordance with the Other Market Rules in force as well as in accordance with and subject to the provisions of Annex 5 the “Terms and Conditions for Balance Group Management”. The System User shall perform the allocation to a Balance Group in due time. The respective lead times are also published on xxx.xxxxxxx.xx. 4.2 The System User has to ensure that an authorization by the Balance Group Responsible exists, in order to enable the capacity allocation to the appropriate Balance Group(s) or to a Sub- Balance Account in accordance with this Capacity Contract and communicate this information to the TSO according to the rules of the Other Market Rules and any other provisions defined by the TSO. 4.3 Should the Balance Group Responsible violate provisions of the market rules and therefore limitations to nominations or suspension of the authorization to nominate have been made, this shall not affect the validity of this Capacity Contract and the payment obligation of the System User. If these capacity rights of the Balance Group and/or Sub-Balance Account are assigned to another Balance Group Responsible with a valid nomination permission or the contractual requirements between Balance Group Responsible and Market Area Manager are restored, these capacity rights are fully entitled to be nominated. 4.4 The allocation of capacity to a Balance Group or a Sub-Balance Account shall remain valid as long as the contractual obligations are met by the System User. The allocation of capacities is otherwise deemed void. 4.5 Balance Group Responsible on behalf of System User is obliged to notify TSO of any change of 3rd party delivering/off-taking with 3 (three) working days in advance. In the event that Balance Group Responsible fails to provide such information in a timely manner TSO cannot be held responsible for any damages occurring due to a mismatch with the interconnected transmission system operator.
Sample 1Sample 2Sample 3See All (5)

Related to Balance Group Nomination

  • Group RRSP 24:01 The University agrees to provide a Group RRSP (GRRSP) with the following features:

  • VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES BNY Mellon shall provide the following valuation support and computation accounting services for each Fund:  Journalize investment, capital share and income and expense activities;  Maintain individual ledgers for investment securities;  Maintain historical tax lots for each security;  Corporate action processing as more fully set forth in the SLDs;  Reconcile cash and investment balances of each Fund with the Fund’s custodian or other counterparties as applicable;  Provide a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes at start-of-day and upon request, as agreed by the parties;  Calculate capital gains and losses;  Calculate daily distribution rate per share;  Determine net income;  Obtain security market quotes and currency exchange rates from pricing services approved by a Fund’s investment adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment adviser, and in either case, calculate the market value of each Fund’s investments in accordance with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under any circumstances be under a duty to independently price or value any of the Fund's investments, including securities lending related cash collateral investments (with the exception of the services provided hereunder to Funds utilized for such cash collateral investments), itself or to confirm or validate any information or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions, tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;  Application of the established automated price validation rules against prices received from third party vendors and review of exceptions as identified;  Calculate Net Asset Value in the manner specified in the Fund’s Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset Value error policy);  Calculate Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;  Transmit or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;  Calculate yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and  Calculate portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.  For money market funds, obtain security market quotes and calculate the market-value Net Asset Value in accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required by regulation and/or instruction from TRP.

  • Group A series of commodities with applicable commodity codes which are described in Attachment A under Price Sheet.

  • Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets (a) If the Corporate Taxpayer is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income tax return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole. (b) If any entity that is obligated to make a Tax Benefit Payment or Early Termination Payment hereunder transfers one or more assets to a corporation (or a Person classified as a corporation for U.S. federal income tax purposes) with which such entity does not file a consolidated tax return pursuant to Section 1501 of the Code, such entity, for purposes of calculating the amount of any Tax Benefit Payment or Early Termination Payment (e.g., calculating the gross income of the entity and determining the Realized Tax Benefit of such entity) due hereunder, shall be treated as having disposed of such asset in a fully taxable transaction on the date of such contribution. The consideration deemed to be received by such entity shall be equal to the fair market value of the contributed asset. For purposes of this Section 7.11, a transfer of a partnership interest shall be treated as a transfer of the transferring partner’s share of each of the assets and liabilities of that partnership.

  • Member Eligibility Verify Member eligibility contemporaneous with the rendering of services. BCBS will provide systems and/or methods for verification of eligibility and benefit coverage for Members. This is furnished as a service and not as a guarantee of payment;

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, reconcile cash of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

  • Affiliated Group The term “Affiliated Group” shall mean any affiliated group within the meaning of Section 1504(a) of the Code or any similar group defined under a similar provision of state, local or foreign law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!