Net Financial Effect definition

Net Financial Effect means the net effect in financial terms of a Material Change on QR Network in relation to performing its obligations or exercising its rights under this Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QR Network shall, to the extent that change affects the financial position of QR Network, be deemed to be an additional cost to QR Network of performing its obligations under this Agreement.
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Net Financial Effect means the net effect in financial terms of a Material Change on Aurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or a Train Operations Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network shall, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or a Train Operations Agreement.
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Net Financial Effect means the net effect in financial terms of a Material Change on Aurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network shall, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or the End User’s Access Agreement.
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Examples of Net Financial Effect in a sentence

  • This clause 18.2 does not apply where a Reference Tariff applies or in relation to a Material Change to the extent that the Net Financial Effect of that Material Change has been, or will be, removed as a result of: amendments to schedule 3 in accordance with clause 18.1; or the escalation or variation of Access Charge Inputs in accordance with this agreement.

  • If a Material Change occurs, then Queensland Rail must as soon as reasonably practicable notify the Access Holder giving details of the Net Financial Effect of that Material Change.

  • Within five Business Days after Queensland Rail gives a notice under clause 18.2(b), the Access Holder and Queensland Rail must meet and negotiate, in good faith, adjustments to this agreement, including adjustments to the Access Charges, in order to remove as far as practicable the relevant Net Financial Effect and to put Queensland Rail in the position it would have been in had there been no Material Change.

  • If a Material Change occurs, then Queensland Rail may must as soon as reasonably practicable notify the Operator Access Holder giving details of the Net Financial Effect of that Material Change.

  • For the purpose of determining the Net Financial Effect on Aurizon Network of a Material Change under clause 31, any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network will, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or the End User Access Agreement.

  • For the purpose of determining the Net Financial Effect on Aurizon Network of a Material Change under clause 22, any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network will, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or a Train Operations Agreement.

  • Within five Business Days after Queensland Rail gives a notice under clause 18.2(b), the Parties Access Holder and Queensland Rail must meet and negotiate, in good faith, adjustments to this agreement, including adjustments to the Access Charges, in order to remove as far as practicable the relevant Net Financial Effect and to put Queensland Rail in the position it would have been in had there been no Material Change.


More Definitions of Net Financial Effect

Net Financial Effect means the effect of a public service contract on costs incurred and revenues generated in dischar­ ging the public service obligations, taking account of revenue relating thereto kept by the railway undertaking performing the public service contract and a reasonable profit, calculated in accordance with point 2 of Annex to Regulation (EC) No 1370/2007.
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Net Financial Effect means the net effect in financial terms of a Material Change on Queensland Rail in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Queensland Rail shall, to the extent that change affects the financial position of Queensland Rail, be deemed to be an additional cost to Queensland Rail of performing its obligations under this Agreement and/or the End User’s Access Agreement.
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Net Financial Effect means the effect calculated in accordance with point 2 of the Annex to Regulation (EC) No 1370/2007.
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Net Financial Effect means the net effect in financial terms of a Change in Law on the costs of Aurizon performing its obligations or exercising its rights under this Agreement, including any offsetting benefits or adverse effects directly or indirectly connected to the Change in Law.
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Net Financial Effect means the net effect in financial terms of a Material Change on QRAurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QRAurizon Network shall, to the extent that change affects the financial position of QRAurizon Network, be deemed to be an additional cost to QRAurizon Network of performing its obligations under this Agreement and/or anthe End User’s Access Agreement.
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Net Financial Effect means the net effect in financial terms of an Increased Costs Event on the costs incurred by the Seller in producing, processing, transporting or selling the Gas to be supplied under this Agreement, taking into account any offsetting benefit available to the Seller which is related to the Increased Costs Event. New Emissions Scheme means the introduction of a new Carbon Scheme that directly imposes a liability, cost or expense on the Seller in respect of the number of tonnes of potential greenhouse gas emissions (measured in the Relevant Substance) embodied in an amount of Gas supplied at the Delivery Point under this Agreement. NDQ or Nominated Daily Quantity means the quantity of Gas which the Buyer nominates in accordance with clause 9 for delivery to the Delivery Point on any Day but which cannot exceed on any Day the MDQ for that Day. Non-Defaulting Party means the Party which is not the Defaulting Party in respect of a Default. Nominations means nominations for the quantity of Gas to be delivered on any Day as given by the Buyer in accordance with clause 9. Notice has the meaning given in clause 26.1. Off-Specification Gas means gas which does not meet the Specification.
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Related to Net Financial Effect

  • Total effective dose equivalent (TEDE) means the sum of the deep dose equivalent for external exposures and the committed effective dose equivalent for internal exposures.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Net Financial Debt ’ means “Gross Financial Debt” less “cash and cash equivalents”. This measure offers to the reader a global view of the Financial Debt without considering the payment terms and reduced by the effects of the available cash and cash equivalents to face these future payments.

  • Accounting Event has the meaning set forth in the Supplemental Indenture.

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Informed Financial Consent means the medical provider advises you of any out-of-pocket costs before your admission. This is called Informed Financial Consent.

  • Incremental income tax means the total amount withheld

  • Financial Period means a period for which a profit and loss account of a company is made up in accordance with this Law;

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.