Definitions and Constructions. (a) In this Amendment and Restatement Agreement:
Definitions and Constructions. In this Agreement unless the context otherwise requires:
Definitions and Constructions. As used herein, the following terms shall have the definitions set forth after each:
Definitions and Constructions. Lead Authority The Pool member (Hertfordshire County Council) who will act as the lead in managing the Pool’s resources and being the key contact between central government and the Pool. Levy A charge made by central government on any increase in business rates income above the NDR Baseline. It is calculated using a nationally set formula, with an upper limit of 50 xxxxx in the pound. All tariff authorities within Hertfordshire are currently liable for levy at this upper limit. Memorandum of Understanding Means this Memorandum of Understanding including these clauses NDR Baseline The expected level of business rates to be collected, as calculated by central government NNDR1 A central government form used to estimate a future year’s business rates. Prepared on an annual basis by all billing authorities. Net Retained Levy The amount of levy retained locally. This is calculated as the sum of levies to be paid by individual Pool members if the Pool did not exist, less the levy to be paid by the Pool, less any safety net funding that would have been due to individual Pool members if the Pool did not exist and less the administrative costs of the Pool. Pool A voluntary arrangement amongst a group of local authorities (Hertfordshire County Council, Broxbourne Borough Council, North Herts District Council, Stevenage Borough Council, Three Rivers District Council and Welwyn Xxxxxxxx Borough Council) to pool the business rates generated locally to ensure at least some of any levy is retained locally. Safety Net The additional funding received by an authority from central government if, in the government’s opinion, the decline in business rates in any financial year would leave an authority with insufficient resources. Calculated using a national formula. Tariff Authority Term A local authority whose Baseline Need is lower than their NDR Baseline, assessed by central government under the Business Rates Retention Scheme (in this pool, Broxbourne Borough Council, North Herts District Council, Stevenage Borough Council, Three Rivers District Council and Welwyn Xxxxxxxx Borough Council). Under the Scheme, the authority pays a Tariff to central government equal to the difference between Baseline Need and NDR Baseline. means the term of this Memorandum of Understanding as specified in Clause 5 Top Up Authority A local authority whose Baseline Need is higher than their NDR Baseline, assessed by central government under the Business Rates Retention Scheme (in this pool, Hert...
Definitions and Constructions. The Parties and Meter Operator Parties expressly agree and acknowledge that the words and expressions listed below, and which are used for the purposes of this Schedule, shall not be capable of amendment without the consent of Meter Operator Parties, but that any word or expression which is not so listed in this Schedule but is a definition for the purposes of this Agreement and is used primarily for parts of this Agreement other than this Schedule shall, subject to paragraph 2.2.3 and without prejudice to paragraph 2.5, be capable of being amended without such consent notwithstanding that it may also be used in this Schedule:-
Definitions and Constructions. 2.1 The general terms and conditions governing the activities carried out by the Clearer and LCH.Clearnet SA are set out in this Admission Agreement.
2.2 The technical specifications governing the activities carried out by the Clearer and LCH.Clearnet SA are set out in dedicated documents (the “Operating Rules for Derivatives Transactions on Powernext”) available at xxx.xxxxxxxxxxx.xxx. Notwithstanding Article 16.3 of this Admission Agreement, such Operating Rules for Derivatives Transactions on Powernext, as may be amended from time to time at the discretion of LCH.Clearnet SA, shall be contractually binding on the Parties, which may invoke the provisions of these Operating Rules for Derivatives Transactions on Powernext to their benefit, as well as any breach by either Party of the commitments it has undertaken pursuant to them.
2.3 This Admission Agreement and the Operating Rules for Derivatives Transactions on Powernext shall form the “Terms of Business”. The Parties acknowledge and agree that these Terms of Business repeal and replace all previous contracts that the Parties may have entered into regarding the markets managed by Powernext set out in Annex 1.
2.4 In case of any inconsistency between the provisions set out in this Admission Agreement and the Operating Rules for Derivatives Transactions on Powernext, the Operating Rules for Derivatives Transactions on Powernext shall prevail.
2.5 Capitalised terms used in the Terms of Business shall have the meanings set out in the Operating Rules for Derivatives Transactions on Powernext.
2.6 Headings and titles in the Terms of Business are for convenience only and do not affect the interpretation of the Terms of Business.
2.7 The English version of the Terms of Business shall prevail over any translated version.
Definitions and Constructions. In these presents, for all purposes of the Indenture, and in all certificates delivered pursuant to the Indenture, unless the context otherwise requires or unless otherwise expressly provided:
Definitions and Constructions ln this Deed, unless a contrary indication appears and except where defined below, capitalised terms used in the Loan Agreement shall have the same meanings and construction and, in addition:
Definitions and Constructions. 1.01 Definitions: Account 9 Affiliate 9 Application of the Company Wxxxxx Order of the Company Written Request of the Company Written Consent of the Company and Certificate of the Company 9 Authorized Newspaper 10 Board of Directors 10 Bond; Bondholder; holder of Bonds 10 Bond Register; Bond Rxxxxxxxx 00 Business Day 10 Certificate of Independent Accountants 10 Company 10 Corporate Trust Office 10 cost basis 10 Counsel 11 Defaulted Interest 11 Denomination 11 Engineer 11 Indenture 11 Independent 11 lien hereof; lien of this Indenture 11 Net Amount of Property Additions 11 Net Income Available for Interest 11 Opinion of Counsel 12 Outstanding 12 Permitted Encumbrances 12 Person 13 Property Additions 13 Purchase Money Obligations 13 Resolution of the Board 13 Responsible Officer 13 Retirements 14 Retirements Credits 14 Securities and Exchange Commission 14 Sinking or Improvement Fund Deduction 14 Stock Payments 14 Subsidiary 14 Trustee 15 Trust Indenture Act of 1000 00 Xxxxx Xxxxxx; mortgaged premises; mortgaged property 15 used for any purpose of the Indenture 15 Wholly-owned Subsidiary 16
Definitions and Constructions
