Fuel Security Interest definition
Fuel Security Interest in relation to a particular Payment Instruction, means the interest (if any) accruing on the Fuel Security Payment or Fuel Security Reimbursement specified in that Payment Instruction pursuant to sub-clause 2.08 of Part 5 of the Fuel Security Code;
Examples of Fuel Security Interest in a sentence
Following delivery to the Pool Funds Administrator of a Payment Instruction specifying a Fuel Security Reimbursement, the Pool Funds Administrator shall enter in the Fuel Security Ledger of that Generator as a debit (a) the amount of the Fuel Security Reimbursement, and (b) thereafter, any Fuel Security Interest in relation thereto.
Following delivery to the Pool Funds Administrator of a Payment Instruction specifying a Fuel Security Payment, the Pool Funds Administrator shall enter in the Fuel Security Ledger of that Generator as a credit (a) the amount of the Fuel Security Payment, and (b) thereafter, any Fuel Security Interest in relation thereto.