Net OS Revenue Account definition

Net OS Revenue Account shall have the meaning given to that expression in Section F paragraph 10 of the IUK Access Code;
Sample 1Sample 2Sample 3

Examples of Net OS Revenue Account in a sentence

  • If the balance in the Net OS Revenue Account is negative, the amount to be distributed shall be zero.

  • The balance of Net OS Revenue Account will not be lower than the Maximum Deficit.

  • At this level, if further Buy-back is required, Interconnector will implement the Forced Buy-back procedure.At the end of the Gas Year, if the balance in the Net OS Revenue Account is positive, then 75% of this amount (the “Net Revenue Share”) will be distributed to all shippers based on their allocated flow over the year.

  • At this level, if further Buy-back is required, IUK will implement the Forced Buy-back procedure.At the end of the Gas Year, if the balance in the Net OS Revenue Account is positive, then 75% of this amount (the “Net Revenue Share”) will be distributed to all shippers based on their allocated flow over the year.

  • IUK shall update and publish the balance of the Net OS Revenue Account during the course of Gas Year Y and after the end of Gas Year Y, shall calculate the closing balance for Gas Year Y.

  • Where the balance of the Net OS Revenue Account is lower than the Maximum Deficit IUK will implement Forced Buy-back pursuant to Section C paragraph 3.2. IUK shall update and publish the balance of the Net OS Revenue Account during the course of Gas Year Y and after the end of Gas Year Y, shall calculate the closing balance for Gas Year Y.

  • Interconnector shall update and publish the balance of the Net OS Revenue Account during the course of Gas Year Y and after the end of Gas Year Y, shall calculate the closing balance for Gas Year Y.

  • Where the balance of the Net OS Revenue Account is lower than the Maximum Deficit IUK will implement Forced Buy-back pursuant to paragraph 3.2 of Section C.

  • If the closing balance of the Net OS Revenue Account for Gas Year Y is positive IUK shall determine the amount of that balance using the Net Revenue Share that will be distributed amongst all IUK Shippers pro-rata to each IUK Shipper’s share of the total flows of Natural Gas in Gas Year Y at an Entry Point or an Exit Point and the invoice issued by IUK to the IAA Shipper immediately following such determination shall reflect the pro-rated share for such IAA Shipper.

  • At the end of the Gas Year, if the Net OS Revenue Account is positive, then this amount will be paid out so that the balance returns to zero.

Related to Net OS Revenue Account

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Finance Charge Account is defined in Section 4.9(a).

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.