Approved CAP Agreement definition

Approved CAP Agreement means a CAP Agreement that has been consented to by Ofwat in accordance with sub-paragraph U5.1 of Condition U;
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Examples of Approved CAP Agreement in a sentence

  • U3.2 The Appointee’s procurement of a DPC Delivered Project and its management of any Approved CAP Agreement must ensure that the Appointee is and continues to be able to carry out its functions as a relevant undertaker.

  • U5.2 The Appointee must: U5.2.1 comply in all material respects with the terms of any Approved CAP Agreement; and U5.2.2 notify Ofwat in writing as soon as practicable of any material breach or non-compliance with any Approved CAP Agreement by the Appointee or the CAP.

  • Condition U6.5 provides that the Appointee must not, without the prior written consent of Ofwat, adjust, vary, modify or amend an Approved CAP Agreement (or any part thereof).

  • Condition 9.1 also provides that the Appointee must not, without Ofwat’s prior written consent, terminate any Approved CAP Agreement – there may be circumstances where termination must occur without delay (e.g. to avoid breach of licence for instance), and it is not clear how this will be addressed.

  • Both the VMD index and the model coefficients can be obtained from the authors on request.There are clearly areas that need further study, not least in the polar regions, where it is felt that the external field variations have probably been inadequately handled.

  • There is a general requirement for the Appointee to comply with the terms of any Approved CAP Agreement and the procurement process will have ensured that this will have sought to achieve best value for customers.

  • We have not evaluated in any significant detail what materiality threshold could be applied to seek consent to vary an Approved CAP Agreement in a material way beyond the variations that may already be allowed within its price and non-price terms.

  • Condition U9.1. Please see above comments regarding early termination of an Approved CAP Agreement.

  • Condition U6.6. provides that the Appointee must not, without the prior written consent of Ofwat, extend the term of an Approved CAP Agreement.

  • Please see above comments in relation to potential variation or termination of the Approved CAP Agreement which may affect funding.

Related to Approved CAP Agreement

  • Cap Agreement means any interest rate cap agreement, interest rate swap agreement or other interest rate-hedging contract or agreement, in a form acceptable to Lender, obtained by Borrower from a Cap Provider as a requirement of any Loan Document or as a condition of Lender’s making the Loan.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds and commercial card exposure, or any similar transactions between the Borrower or any of its Subsidiaries and any Lender or Affiliate thereof (or any Person that was a Lender or an Affiliate of a Lender at the time any such agreement was entered into).

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Specified Swap Agreement any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of interest rates to the extent permitted under Section 7.13.

  • Secured Swap Agreement means a Swap Agreement between (x) any Loan Party and (y) a Secured Swap Provider.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • SOFR Reserve Percentage means, for any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to SOFR funding.