Last Resort Event definition

Last Resort Event means an event that triggers the operation of the Retailer of Last Resort scheme in relation to us under the Energy Retail Code.
Last Resort Event means an event which triggers the operation of the retailer of last resort scheme approved by the
Last Resort Event means an event that triggers the operation of the Retailer of Last Resort scheme under the Energy Laws, which usually occurs due Market Retail Contract Terms and Conditions means these terms and conditions (including any variations to these terms and conditions). Medical Confirmation means certification from a registered medical practitioner of the requirement for life support equipment at your Premises. Meter means an instrument that measures the quantity of energy passing through it and includes associated equipment attached to the instrument, including any recording and display equipment and communications interface, to control or regulate the flow of energy.

Examples of Last Resort Event in a sentence

  • Upon the occurrence of a Last Resort Event, we will provide specified customer details to the retailer of last resort within the period prescribed by the Applicable Regulations.

  • Expenses to be paid from Secondary Instruction, Project Code 047.

  • Commission may specify Retailer of Last Resort procedures in guidelines in relation to any matter in connection with a Retailer of Last Resort Event.

  • This Agreement will also end:  10 Business Days after you’ve been disconnected, if you don’t have a right to be reconnected;  where another person starts being supplied with gas at the Supply Address with us or with another retailer; or  if we’re no longer entitled to sell gas due to a Last Resort Event.

  • Last Resort Event – an event affecting EnergyAustralia that triggers the operation of the relevant Jurisdiction's retailer of last resort arrangements with respect to EnergyAustralia's sale of electricity to the Customer at a Connection Point.

  • For the avoidance of doubt, the Commission is not required to issue a ROLR Notice following the occurrence of a Retailer of Last Resort Event if it does not wish clause 9.6 to apply.

  • If the Commission becomes aware of any acts, omissions or circumstances that in the Commission's opinion may lead to a Retailer of Last Resort Event, the Commission may notify Jacana Energy, the network provider, the system controller and any other relevant person in writing.

  • Where a Retailer of Last Resort Event (or RoLR event) occurs in relation to us, this Agreement will automatically end, and you will not be liable for an exit fee.

  • Shippers will be able to claim costs from the industry in the event they are exposed to unrecoverable costs from a Supplier of Last Resort Event.

  • APG explains this as a distressed sale narrowly missing a Retailer of Last Resort Event (RoLR).


More Definitions of Last Resort Event

Last Resort Event has the meaning given to that term in the Energy Retail Code.
Last Resort Event. ’ means an event which triggers the operation of the retailer of last resort scheme approved by the energy regulator in the State or Territory where the Site is situated.’
Last Resort Event means an event that triggers the operation of the retailer of last resort scheme approved by the Essential Services Commission of South Australia.
Last Resort Event means an event which triggers the operation of the retail entity of last resort scheme approved by the QCA;

Related to Last Resort Event

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

  • Put Event means the occurrence of:

  • Banquet Event Order or “BEO” means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. BEO’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.

  • Supplier of Last Resort means a supplier who is designated by a Member State to take over the supply of electricity to customers of a supplier which has ceased to operate;

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Procurement Event means the request for proposals, the evaluation of proposals and bids for wholesale energy products, and the execution of the applicable supplier contracts with Ameren Illinois Company as a counterparty pursuant to the Procurement Plan for the period starting in June 2021, as proposed by the Illinois Power Agency and approved by the Illinois Commerce Commission in Docket No. 20-0717.

  • Resort Site means those parts of Burswood Island as are-

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Acquisition Period means the period ending five (5) business days prior to

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Change of Control means the occurrence of any of the following events:

  • Cybersecurity Event means any act or attempt, successful or, to the extent known by Provider, unsuccessful, to gain unauthorized access to, disrupt or misuse an Information System or Nonpublic Information stored on such Information System. The ongoing existence and occurrence of attempted but Unsuccessful Security Incidents shall not constitute a Cybersecurity Event under this definition. “Unsuccessful Security Incidents” are activities such as pings and other broadcast attacks on Provider’s firewall, port scans, unsuccessful log-on attempts, denials of service and any combination of the above, so long as no such incident results in unauthorized access, use or disclosure of Molina Nonpublic Information or sustained interruption of service obligations to Molina.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Security Event means an immediately reportable subset of security incidents which incident would include: a. A suspected penetration of Contractor’s information system of which the Contractor becomes aware of but for which it is not able to verify immediately upon becoming aware of the suspected incident that PHI was not accessed, stolen, used, disclosed, modified, or destroyed; b. Any indication, evidence, or other security documentation that the Contractor’s network resources, including, but not limited to, software, network routers, firewalls, database and application servers, intrusion detection systems or other security appliances, may have been damaged, modified, taken over by proxy, or otherwise compromised, for which Contractor cannot refute the indication of the time the Contractor became aware of such indication; c. A breach of the security of the Contractor’s information system(s) by unauthorized acquisition, including, but not limited to, access to or use, disclosure, modification or destruction, of unencrypted computerized data and which incident materially compromises the security, confidentiality, or integrity of the PHI; and or, d. The unauthorized acquisition, including but not limited to access to or use, disclosure, modification or destruction, of unencrypted PHI or other confidential information of the County by an employee or authorized user of Contractor’s system(s) which materially compromises the security, confidentiality, or integrity of PHI or other confidential information of the County. If data acquired (including but not limited to access to or use, disclosure, modification or destruction of such data) is in encrypted format but the decryption key which would allow the decoding of the data is also taken, the parties shall treat the acquisition as a breach for purposes of determining appropriate response.

  • Remote Terminal or "RT" means a cabinet, vault or similar structure at an intermediate point between the End User Customer and CenturyLink's Central Office, where Loops are aggregated and hauled to the Central Office or Serving Wire Center using LCM. A Remote Terminal may contain active electronics such as digital loop carriers, fiber hubs, DSLAMs, etc.

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Chesapeake Bay Preservation Act land-disturbing activity means a land-disturbing activity including clearing, grading, or excavation that results in a land disturbance equal to or greater than 2,500 square feet and less than one acre in all areas of jurisdictions designated as subject to the Chesapeake Bay Preservation Area Designation and Management Regulations (9VAC25-830) adopted pursuant to the Chesapeake Bay Preservation Act.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark: