Authorised Maximum definition

Authorised Maximum means, in relation to any lump sum benefit payable to a member, former member or ex-spouse participant, in connection with that individual becoming entitled to a pension under the scheme, the lowest of:
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Examples of Authorised Maximum in a sentence

  • AMIQ or Authorised Maximum Interval Quantity means the quantity of authorised MDQ or AMDQ credit certificates used in the determination of ancillary payments and uplift payments for a Market Participant for each scheduling interval of the gas day, as determined in accordance with Procedures under rules 239 and 240.

  • AMDQ provides holders with a hedge against congestion uplift charges up to Authorised Maximum Interval Quantity and entitles the holder to higher priority than customer with no AMDQ if there is a tie in injection bids or if curtailment is required to maintain system security.

  • AMIQ or Authorised Maximum Interval Quantity means the quantity of authorised MDQ or AMDQ credit capacity certificates used in the determination of ancillary payments and uplift payments for a Market Participant for each scheduling interval of the gas day, as determined in accordance with Procedures under rules 239 and 240.

  • Congestion uplift hedge To recover ancillary payments caused by congestion on the DTS, congestion uplift is charged to market participants who have exceeded their allocation of AMDQ and/or AMDQ cc in a scheduling interval (that is, exceeded their Authorised Maximum Interval Quantity (AMIQ)).56 Market participants who hold AMDQ or AMDQ cc can use part or all of their allocation to hedge against those congestion charges, up to their AMIQ.

  • Culcairn’s Authorised Maximum Daily Quantity (AMDQ) allocation.GasNet has an AMDQ allocation of 17 TJ/d for export of gas through Culcairn.

  • For VIC you’ll see:Contract MDQ – the Maximum Daily Quantity of gas we need to make available for sale to you, and the maximum amount you can purchase per day at your contracted rates.MHQ – the Maximum Hourly Quantity of gas determines the capacity required on the distribution network to service your premises and the type of meter required.AMDQ – the Authorised Maximum Daily Quantity of gas is a quantity registered with the Australian Energy Market Operator (AEMO).

  • IntroductionVENCorp’s Network Planning Report (T003) - Northern System Withdrawal Zone (Timing), April 2007, indicated that the Wollert – Wodonga pipeline has insufficient capacity to deliver 17 TJ/d of export Authorised Maximum Daily Quantity (AMDQ) at Culcairn.

  • Such payouts shall be determined by refer- ence to the daily values published on our website that are related to the inter-bank trading data received on financial contract quotes.

  • As a mechanism to manage any pipeline congestion, Authorised Maximum Daily Quantity (AMDG) credit certificates are currently issued at a premium to peak day injection rates.

  • Up until February this year, retailers automatically received a hedge against congestion uplift, up to the level of their Authorised Maximum Daily Quantity.

Related to Authorised Maximum

  • Authorised Driver means any driver of the Vehicle who is approved by Us and who is recorded on the Rental Agreement prior to the Start of the Rental. Damage means:

  • authorised taxi rank means any area of carriageway which is comprised within and indicated by a road marking complying with diagram 1028.2 in Schedule 6 to the Traffic Signs Regulations and General Directions 2002;

  • authorised entity means an entity that is authorised or recognised by a Member State to provide education, instructional training, adaptive reading or information access to beneficiary persons on a non-profit basis. It also includes a public institution or non-profit organisation that provides the same services to beneficiary persons as one of its primary activities, institutional obligations or as part of its public-interest missions.

  • authorised party means the party referred to in Article XIII(3);

  • Authorised Dealer means a person authorised as an authorised dealer under subsection (1) of Section 10 of the Act ;

  • authorised person means the Client or any person (including any individual or entity) authorised by the Client to act on its behalf in the performance of any act, discretion or duty under this Agreement (including, for the avoidance of doubt, any officer or employee of such person) in a notice reasonably acceptable to the Custodian.

  • Authorised User means those employees, agents and independent contractors of the Customer who are authorised by the Customer to use the Services.

  • Authorised Integral Amount means for each Class of Notes, €1,000.

  • Authorised Persons means collectively all Event management, Venue management, Police, public bodies and agencies responsible for safety and security in connection with the Event or the Venue, and their respective staff, officials, representatives, officers and volunteers;

  • Authorised Users means those employees, agents and independent contractors of Customer or a Customer Affiliate who have been authorised by Customer to use the Products in accordance with these Terms.

  • Authorised absence means that the school has either given approval in advance for a pupil of compulsory school age to be away from the school, or has accepted an explanation offered afterwards as justification for absence.

  • authorised official means a person authorised to implement the provisions of this By-law, including but not limited to–

  • passenger ship means a ship which carries more than 12 passengers;

  • Facility Limit means $100,000,000 as reduced from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • authorised agent means a passenger sales agent who has been appointed by us to represent us in the sale of air transportation on our services.

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Authorised Officers means an officer of each Partner appointed to be that Partner's representative for the purpose of this Agreement.

  • ro-ro passenger ship means a passenger ship with ro-ro spaces or special category spaces as defined in regulation II-2/3.

  • Relevant Price or "S(k)" means, in relation to a Fund Interest and any Strategy Calculation Date, the Fund Value per Fund Interest.

  • Authorised “Directed” or “Approved” shall mean the authority, direction or approval of the Engineer.

  • Authorised Representatives the persons respectively designated as such by the Authority and the Supplier, the first such persons being set out in Schedule 4. Bribery Act: the Xxxxxxx Xxx 0000 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning the legislation. Change: any change to this agreement including to any of the Services. Change Control Note: the written record of a Change agreed or to be agreed by the parties pursuant to the Change Control Procedure.

  • Initial Authorised Participant means BNP Paribas Arbitrage S.N.C. and any successor thereto.

  • Authorised Representative means any natural or legal person established within the Union who has received a written mandate from a manufacturer to act on his behalf in relation to specified tasks;

  • authorised officer means any person authorised by the Environment Agency under section 108(1) of The Environment Act 1995 to exercise, in accordance with the terms of any such authorisation, any power specified in section 108(4) of that Act.

  • authorised scheme means Work No. 1A described in paragraph 2 of Part 1 of this licence;

  • Passenger vessel means any boat, ship, vessel,