NTS operator definition

NTS operator means a licence holder who is obliged to comply with one or more conditions in Part B: Standard Special Conditions applicable to all NTS licensees (as a whole or in part) as a result of any direction issued pursuant to Standard Special Condition B1(Application/Disapplication of standard conditions in Section A (Interpretation, Application and Payments) and Section B (General) and Application/Disapplication of Standard Special Conditions applicable to NTSlicensees);“NTS shrinkage”means the sum of NTS own use gas and NTS unaccounted for gas (both having the meanings given to thoseterms in the network code);“owned”in relation to a gas meter or other property, includes leased and cognate expressions shall be construedaccordingly;“participating interest”has the meaning given in regulations made under Part 15 of the CompaniesAct 2006;“permitted purpose”means the purpose of all or any of the following:(a) the transportation business; (b) the metering business;
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NTS operator means the holder of a licence granted or treated as granted under section 7 of the Gas Act 1986 in relation to the NTS who is obliged to comply with one or more conditions in Standard SpecialConditions Part B; “NTS shrinkage” means the sum of NTS own use gas and NTS unaccounted for gas (both having the meanings given to thoseterms in the network code); “owned” in relation to a gas meter or other property, includes leased and cognate expressions shall be construedaccordingly; “participating interest” has the meaning given in regulations made under Part 15 of the CompaniesAct 2006; “permitted purpose” means the purpose of all or any of the following:
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NTS operator means a licence holder who is obliged to comply with one or more conditions
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Examples of NTS operator in a sentence

  • For the avoidance of doubt, the modified charges to be paid by the licensee in accordance with paragraph 1 above shall be payable in accordance with the licensee’s obligations governing the payment of those charges to the NTS operator, except insofar as required by the shortfall direction and so notified to the licensee by the NTS operator.

  • The licensee shall make arrangements which shall ensure that the provision by it of a first call emergency response service to the NTS operator is effected by a competent person or persons who have been adequately trained and possess appropriate expertise to provide that service on behalf of the licensee.

  • Any dispute over obligations of the licensee pursuant to this condition may be referred to the Authority for determination at the request of the licensee or the NTS operator.

  • The licensee shall provide the NTS operator with a first call emergency response service in the event of an emergency on the NTS which involves an actual or suspected release of gas.

  • The licensee shall not be required to carry out any work on, or exercise any control over, any part of the NTS under the obligation contained in paragraph 1 unless requested and/or authorised to do so by the NTS operator.

  • A Small Transporter is a holder of a Gas Transporter licence where it is not a DN operator or a NTS operator.

  • For the purpose of this REC Schedule, Large Gas Transporters are Gas Transporters that are a DN operator or a NTS operator with the meaning given in the Standard Special Condition A1 of the Gas Transporter licence.

  • Pursuant to Chapter 3 of Part 3 of the Energy Act 2004 and Chapter 5 of Part 2 of the Energy Act 2011 and in accordance with this condition, the licensee shall, for the purpose of raising any sums specified in a shortfall direction, pay to the NTS operator such monies as result from any modification or modifications to the charges of the NTS operator made pursuant to Special Condition 11D (Energy Administration: NTS Shortfall Contribution Obligations) of the NTS operator’s gas transporter licence.

  • Provision of First Call Emergency Response to the NTS operator 1.

  • DN operator and, for the avoidance of doubt, nothing in this definition shall prevent a single legal entity being both an NTS operator and a DN operator.


More Definitions of NTS operator

NTS operator means the holder of a licence granted or treated as granted under section 7 of the Gas Act 1986 in relation to the NTS who is obliged to comply with one or more conditions in Standard SpecialConditions Part B;“NTS shrinkage”means the sum of NTS own use gas and NTS unaccounted for gas (both having the meanings given to thoseterms in the network code);“owned”in relation to a gas meter or other property, includes leased and cognate expressions shall be construedaccordingly;“participating interest”has the meaning given in regulations made under Part 15 of the CompaniesAct 2006;“permitted purpose”means the purpose of all or any of the following: (a) the transportation business; (b) the metering business; (c) the meter reading business; (d) any other business or activity within the limits of paragraph 4of Standard Special Condition
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NTS operator means the holder of a licence granted or
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Related to NTS operator

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • the Operator means a person holding a Licence to operate Private Hire Vehicles issued pursuant to Section 55 of the Local Government (Miscellaneous Provisions) Act 1976.

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

  • Contractor means the individual or entity, that has entered into this contract with the Commonwealth.

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.

  • Franchisor means a person who grants a franchise or master franchise, or an affiliate of such a person. Franchisor includes a subfranchisor with regard to its relationship with a franchisee, unless stated otherwise in this section.

  • Developer means the legal or beneficial owner or owners of a lot or of any land proposed to be included in a proposed development, including the holder of an option or contract to purchase, or other person having an enforceable proprietary interest in such land.