Delivering Participant definition

Delivering Participant means the Participant that is required to deliver the underlying commodity through the Settlement Facility.
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Delivering Participant means, in relation to a Delivery Quantity for Physical Gas:
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Delivering Participant means, in relation to a Delivery Quantity for Physical Gas: (a) where Delivery Netting applies, the Trading Participant determined to be the Delivering Participant under clause 14.7; (b) in the case of a Location Swap, the Buyer in relation to the Swap Receipt Point and the Seller in relation to the Swap Delivery Point; and (c) otherwise, the Seller under the relevant Transaction.
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Examples of Delivering Participant in a sentence

  • Except as expressly set out in this agreement, each of the Receiving Participant and the Delivering Participant expressly disclaims, to the fullest extent permitted by law, any warranties, written or oral, express or implied, including without limitation any warranty as to quality, merchantability, or fitness for any particular purpose of any gas.

  • As between the Receiving Participant and the Delivering Participant and for the purposes of this agreement, title to, risk in and control of all gas delivered in accordance with this agreement passes to the Receiving Participant that accepted delivery of that gas when that gas passes the Delivery Point.

  • Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities (and, in the case of a Location Swap, any Net Swap Imbalance) in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • The Off-Specification Notice must, as far as reasonably possible, identify how the Off-Specification Gas differs from the Specification, the quantity of the Off-Specification Gas and (in the case of a notice given by the Delivering Participant) the expected duration of the supply of Off-Specification Gas.

  • This clause 14A applies to the Operator and a Trading Participant who is a party to a Physical Capacity Transaction, in its capacity as a Delivering Participant or Receiving Participant.

  • The Delivering Participant must ensure that the gas delivered to the Delivery Point is delivered within the pressure range specified for the Delivery Point in the Product Specification or, in relation to a Pre-matched Trade, the pressure range specified by the Gas Transporter for the Delivery Point for the Pre-matched Trade.

  • The Delivering Participant must ensure that the gas delivered to the Delivery Point is delivered within the pressure range specified for the Delivery Point in the Product Specification.

  • The Receiving Participant must, within 2 hours after receiving or giving an Off- Specification Notice, advise the Delivering Participant by notice whether it rejects or accepts all or any of the Off-Specification Gas described in that Off- Specification Notice and delivered after the time the Receiving Participant gives that advice, subject to clause 14.5.4(e).

  • Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • Subject to any obligations of confidentiality owed to another person, the Delivering Participant and the Receiving Participant must share all information available to them in relation to the determination of delivered quantities under this agreement.


More Definitions of Delivering Participant

Delivering Participant means, in relation to a Transfer Quantity for Physical Capacity, the Trading Participant determined to be the Delivering Participant in accordance with clause 14A.3.
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Delivering Participant means the Participant that is required to deliver the underlying commodity through the Depository.
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Delivering Participant has the meaning given to such term in Section 3.2(a) of this Agreement.
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Related to Delivering Participant

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Study Participant means a person recruited to participate in the Study.

  • Key participant means a sole proprietor, a partner in partnership, or a person with executive managerial control in a corporation. A person with executive managerial control includes persons such as a chief executive officer, chief operating officer and chief financial officer. This definition does not include non-executive managers such as farm, field, or shift managers.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Other Participant means a cooperative project participant other than the United States.

  • Participant has the meaning specified in Section 10.06(d).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Requesting Participant means a Participant initiating an RFQ.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Voting Participant has the meaning specified in Section 10.06(d).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.