IEP Agreement definition

IEP Agreement means the Agreement on an International Energy Program signed at Paris on 18 November 1974;
Sample 1Sample 2Sample 3
IEP Agreement means the Agreement on an International Energy Program of 18 November 1974, as amended, including the decisions of the IEA Governing Board made pursuant to that agreement.
Sample 1
IEP Agreement means the Agreement on an International Energy Program of 18 November 1974, as amended, including the decisions of the IEA Governing Board made pursuant to that agreement. Law means any applicable statute, regulation, by-law, ordinance or subordinate legislation in force in Australia from time to time.
Sample 1

Examples of IEP Agreement in a sentence

  • Status of Compliance with IEP Agreement Stockholding Obligations 4.

  • For the avoidance of doubt, any restructuring of the Department, change of name or change in government policy relating to the IEP Agreement does not constitute a material breach.

  • The Supplier agrees to reserve the Contracted Quantity for the Department, in accordance with the terms of this Agreement, and hold the Contracted Quantity in such a manner as will allow it to be applied towards Australia's obligations under the IEP Agreement, for the Term.

  • Australia is a member of the International Energy Agency (IEA) and a signatory to the Agreement on an International Energy Program (IEP Agreement).

  • The Department may exercise the Purchase Option or the Release Option at any time during the Term if Australia’s obligations under the IEP Agreement or CERM Decision, to implement emergency measures (taking the form of collective action specified in the IEP Agreement or CERM Decision) to deal with a reduction or threatened reduction of petroleum supplies, have been activated.

  • The exclusive economic zones (EEZ) were not in place when the IEP Agreement was put in place so the definitions reflect only territorial waters (count stocks once they have crossed) and high seas (don’t count stock unless on a intercoastal tanker).The UNCLOS defines high seas as “all parts of the sea that are not included in the exclusive economic zone, in the territorial sea or in the internal waters of a State, or in the archipelagic waters of an archipelagic State.” (Article 86).

  • The Department issued a Request for Tender (RFT) in [Insert Date of issue of RFT] for tenders to hold oil stock tickets for the Department to assist the Australian Government to meet its obligations under the IEP Agreement.

  • Since the IEP Agreement was agreed in 1974, UNCLOS has been concluded (1982) and come into force (1994).

  • The IEA, founded in 1974 at the instigation of the United States, is the principal forum for energy cooperation among the twenty-one industrialized countries participating in the IEP Agreement.

  • Under the IEP Agreement, member countries accepted a treaty commitment to hold crude oil and petroleum product stocks equivalent to a minimum of 90 days of the previous year's daily net import demand, and participate in collective actions1 initiated by the IEA during a liquid fuel emergency.In the last few years Australia has not achieved the minimum inventory commitment set by the IEA.

Related to IEP Agreement

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit C attached hereto.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Lock-Up Agreements means the lock-up agreements that are delivered on the date hereof by each of the Company’s officers and directors, in the form of Exhibit A attached hereto.

  • Consortium Agreement means this consortium agreement as well as the pre-amble and all annexes hereto;

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;