Intermezzo Sample Clauses

Intermezzo. The CO2 injection activities at K12-B are regulated under a gas production license and do not have to comply with the transposed rules originating from the EC CO2 Storage Directive (2009/31/EC). However, for this study it is assumed hypothetically that the CO2 injection and storage activities have to comply with the rules in the CO2 Storage Directive. The work presented here particularly focuses on the requirements for transferring responsibility for the site to the State after the definite cessation of the CO2 injection activities. Some limited period of time may elapse after the end of injection operations before the transfer of responsibility. The injection pilot facility at K12-B is still in the operational mode and it is not clear when the injection activities will definitely stop. For this study we assume that the pilot is in the final operational stage. The criteria for decision making will be evaluated on the basis of the information gathered up to and including 2009. In reality all simulation and monitoring data acquired until and in the post-closure pre-transfer should be taken into account. The conformity of modelling with monitoring is an essential requirement of Directive 2009/31/EC. We will focus on the model-monitoring conformity of the pressures (although other monitoring data is also available for K12-B). The gas production history proved that the field consists of 4 compartments that are not in pressure communication and act as volumetric reservoirs (sealed tanks). CO2 is injected into compartment 3 and 4 (see also Figure 4 in the Appendix). The pressure modelling of compartment 4 gave a very high model- monitoring conformity. The pressure modelling of compartment 3 resulted in a good model- monitoring conformity, but one well (K12-B6) had some issues. The modelled and measured pressures matched during the injection phase, but during shut-ins the measured pressures remained higher than expected. The observed irregularity in the BHP (bottom hole pressure), can be used to test the practicability of the workflow for decision making in site abandonment.
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Intermezzo. Risk preferences as in Xxx Xxxxx et al. (2017)‌ This thesis replicates the results found in Xxx Xxxxx et al. (2017) [24] and will extend the findings. To start, an overview of the different assumptions in Xxx Xxxxx et al. [24] will be provided, where a division will be made between major differences (A) and minor differences (B): ↓ • (A, DC, ): In their setting a deterministic consumption during the accumulation phase was used, implying constant pension contributions to the individual pension account. This instead of a dynamic contribution scheme which is used in this thesis. ↓ • (A, BC, ): In their setting it will be an easy task to have an optimal asset allocation in case of an exogenous borrowing constraint (i.e. truncated asset allocation strategy will be optimal). If stochastic consumption was used, numerical techniques should be used to find the optimal asset allocation in case of a borrowing constraint. In this thesis no exogenous borrowing constraint will be imposed. ↓ • (A, AOW, ): Their setting takes into account the state pension. The implications for the analysis of excluding or including the state pension will be extensively discussed in Subsection 5.1.2 for this case.
Intermezzo. Impact of housing wealth as in suboptimal contract (as in Van Ewijk et al. (2017))‌ Firstly, an elaboration on the welfare gains found in Xxx Xxxxx et al. (2017) [24]18 will take place. After this, the results of this thesis regarding the optimal pension contract in the situation where housing wealth is accumulated will be discussed. To start, we replicate the results found in Figure 2 of Xxx Xxxxx et al. (2017) [24]. In their Figure 2 welfare losses were calculated in case of undersaving. Minimal differences were found in the replication (i.e. welfare losses of 0.15 %, 0.64 %, 1.55 %, 2.95 % and 5.02 % for undersaving percentage of 10 %, 20 %, 30 %, 40 % and 50 % respectively). The results of oversaving via housing wealth were calculated in an analogous way. Observe that the oversaving amount will be optimally allocated be- tween the risky asset and the risk free asset. Therefore, no concrete dynamics for the housing wealth asset is imposed. It was assumed that during the life cycle, housing wealth will be accumulated as an annuity with terminal values at retirement of 50k, 100k, 150k, 200k and 250k respectively. Recall that we should define the percentage oversaving (i.e. with respect to the optimal contribution rate, 15.3 %). Therefore, the annual annuity (i.e. how much do we contribute nominally each year in addition to the optimal contributions, 3.67

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  • Millwright Xxxxx be to assist and work under the direction and instructions I or A. He will work alone at times performing assignments in keeping with his training. During the course of his year, training must become proficient in good practices in the areas of fitting, aligning, lubricating and the operation of all shop tools and machines. In addition to the foregoing, he will be exposed to and the process of learning techniques required in trouble shooting key production machinery, pipe fitting, basic welding and machining but not be expected to display a high degree of proficiency in these areas at this point. Millwright Must be capable of performing the tasks of fittings, aligning, lubricating an able to operate all shop tools and machines. Must under direction become proficient in basic welding and pipe fitting as well as dismantling and reassembly of plant equipment. Under direction,will continueto develop skills in trouble shooting all plant equipment and improve his skills at machining part and be exposed to basic principles of hydraulics and pneumatic. He may work alone frequently, but occasionally will require direction and instructions form Millwright I or A. Millwright 11: be capable, without direction of fitting, aligning and lubrication and taking apart and reassembling plant equipment. In addition, is expected to be able to weld, operate shop tools and do pipe fitting as required. Must under direction, become proficient at effective methods of trouble shooting and repairing hydraulic, pneumatic and mechanical faults in plant machinery. I: Must be capable without direction of performing all practices under Xxxxxxxxxx Must under directionbecomeproficient at reading and understanding blueprints, all phases of installing new equipment, laying out hydraulic and mechanical drives and meet speed and power requirements correctly. Xxxxxxxxxx "A": Must he capable without direction, of performing all under Xxxxxxxxxx X, and Must take full responsibility for work done by himself or his assistant. Must he in possession of a Millwright Certificate or a Machinist Certificate or Welder Certificate. Millwrightspresently employed in this classification will not be required to have a Certificate.

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  • Mitsui Iron Ore Corporation Pty Ltd. to vary the Iron Ore (Marillana Creek) Agreement;

  • Sergeant Twenty percent (20%) over the top step hourly rate for Sergeant when acting as a supervisor (otherwise twenty percent (20%) over the top step hourly rate for Police Officer).

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  • Modern Slavery You hereby affirm your compliance with the Modern Slavery Xxx 0000 and associated guidance. You confirm (a) that you have read, are familiar with and shall not perform an act or omission which is in contravention with, the letter or spirit of the Act; and (b) you carry out regular, meaningful and comprehensive due diligence procedures and have internal policies in place to address any suspected human rights abuse in your business and Group where applicable.

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  • Transnet (i) For legal notices: …………………………………………………… …………………………………………………… …………………………………………………… Fax No. ………… Attention: Group Legal Department

  • Entities If the undersigned is not an individual but an entity, the individual signing on behalf of such entity and the entity jointly and severally agree and certify that:

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