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;
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:
NTS operator means a licence holder who is obliged to comply with one or more conditions
More Definitions of NTS operator
NTS operator means the holder of a licence granted or