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; (a)(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 (b)(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.

  • 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.

  • 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 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.

  • 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.

  • 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 all gas delivered to the Receiving Participant at the Delivery Point meets the gas quality specification contained in Australian Standard AS4564-2005, Specification for General Purpose Natural Gas (as amended or replaced from time to time), and any additional gas quality specifications specified for that Delivery Point in schedule 2.

  • The Receiving Participant may, at any time after accepting (or being deemed to accept) delivery of Off-Specification Gas, notify the Delivering Participant that it rejects further deliveries of Off-Specification Gas from a time specified in the notice (not earlier than 2 hours after giving the notice).


More Definitions of Delivering Participant

Delivering Participant means the Participant that is required to deliver the underlying commodity through the Depository.
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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 has the meaning given to such term in Section 3.2(a) of this Agreement.
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Related to Delivering Participant

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

  • 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).

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

  • 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.

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

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

  • Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.

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