Final Purchase Shape definition

Final Purchase Shape has the meaning given to it in Paragraph 4.6 of Schedule 3. First Price Setting Round for: (i) a Contracted Customer (other than an Existing Customer), the first Price Setting Round following the commencement date of the Customer Contract; (ii) an Existing Customer, the first Price Setting Round that relates to the Supply Year starting immediately after the expiry of the Previous Framework Agreement (as notified by the Authority to the Supplier); and (iii) the Supplier and otherwise, the first Price Setting Round following the Commencement Date.
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Final Purchase Shape has the meaning given in Paragraph 4.1.7 of Schedule 3.
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Final Purchase Shape has the meaning given to it in Paragraph 3.7 of Schedule 3. Financial Year a 12 month period running from 1 April in one Year to 31 March in the following Year.
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Examples of Final Purchase Shape in a sentence

  • If the Authority does not Approve any of the matters referred to in this Paragraph 3 then, in respect of a: Provisional Purchase Shape, the Authority’s view will prevail; or Final Purchase Shape, the Supplier’s view will prevail, and following notification by the Authority or the Supplier (as the case may be) to the other of such prevailing view, the relevant Purchase Shape shall be referred to in this Schedule 3 as “determined”.

  • The Authority will enter into Transactions to fix the price for the number of Baseload Blocks, Peakload Blocks and the Residual Volume specified in the Final Purchase Shape.

  • Without prejudice to any other express right of the Authority under this Framework Agreement (including the right to Approve each Provisional Purchase Shape and each Final Purchase Shape): the Supplier shall respond to any queries raised by the Authority regarding the manner in which a Purchase Shape has been determined and shall provide any reasonable supporting evidence requested by the Authority regarding the determination of a Purchase Shape.

  • The Authority may set a price for volumes of gas in respect of a Price Setting Round before receipt by the Authority of the Final Purchase Shape from the Supplier.

  • In order to determine the price of the Contract Block included in the Purchase Shape, the financial amounts referred to in Paragraph 11.5 shall be summed and divided by the Nomination included in the Final Purchase Shape to produce a price in £/MWh. In the event that a Contract Block has not been Nominated in any given Month, the above costs shall be recovered by adjustment to the price of an alternative Contract Block.

  • All Nominations shall: be related to Relevant Electrical Output generated after the relevant Commercial Operations Date or, if later, the date from which the Supplier is required to accept deliver of, and supply, electricity from the relevant Facility; define the volume of energy included in the Final Purchase Shape as either a Baseload Block or a Peakload Block; and specify which Contract Block(s) the price of which the Authority wishes to fix and the relevant period.