Operating Margins Purposes definition

Operating Margins Purposes has the meaning given in paragraph 1.1.2 of Section K of the Transportation Principal Document of the Network Code;
Sample 1Sample 2Sample 3
Operating Margins Purposes shall have the meaning given in the Network Code; "Party" means either party to this Agreement and its successors and permitted assigns;
Sample 1Sample 2Sample 3

Examples of Operating Margins Purposes in a sentence

  • Where (by virtue of being a Shrinkage Provider or for Operating Margins Purposes or otherwise) the Transporter is party to an agreement pursuant to which a person is appointed as User Agent pursuant to paragraph 2.2.1, no provision of such agreement and nothing done by the Transporter pursuant to such agreement shall modify or take effect as a waiver of any provision of the Code.

  • Where National Grid NTS (as Storage User) has agreed (pursuant to the relevant Storage Connection Agreement or the relevant Storage Terms) with the Storage Operator, for Operating Margins Purposes terms and conditions for the provision of storage services which differ from the published standard Storage Terms applying to other Storage Users, copies of any such agreed differences shall be made available to Users on request.

  • The restrictions under this paragraph 5.4 applying to late injections do not apply to NTS for Operating Margins Purposes.

  • The economic viability of company will be determined based on whether it is capable of fulfilling the strict permit conditions and the financial assurance requirements.

  • National Grid NTS will not take Market Balancing Actions for Operating Margins Purposes.

  • For the purposes of Section R4, no Constrained Storage Renomination may be made for withdrawal of gas-in-storage held by National Grid NTS for Operating Margins Purposes.

  • For the purposes of this Section K, references to a “Relevant System Manager” unless otherwise expressly stated shall mean National Grid NTS acting for Operating Margins Purposes.

  • The withdrawal of gas from a surplus Operating Margins Facility as Carry-Across Gas shall not be treated as utilisation of such gas for Operating Margins Purposes, and such gas shall not be treated as withdrawn for Operating Margins Purposes for the purposes of paragraphs 4.3.1 and 4.3.2.

  • National Grid NTS may apply for and be registered as holding Operating Margins Capacity in respect of the amounts (when aggregated with those amounts subject to Operating Margins Gas Delivery Arrangements) as National Grid NTS deems is reasonably required for Operating Margins Purposes under paragraph 2.2.1(c), together with such amounts of Operating Margins Injectability as National Grid NTS may deem necessary.

  • National Grid NTS may procure delivery of gas for Operating Margins Purposes and on behalf of the NTS Shrinkage Provider and/or another Relevant System Manager on an integrated basis; but National Grid NTS shall in any event maintain separate records of the quantities of deliveries of gas procured for Operating Margins Purposes and for the NTS Shrinkage Provider and/or another Relevant System Manager.

Related to Operating Margins Purposes

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Market Share means the percent of sales of the total available market in an industry, product line or product attained by the Company or one of its business units during a time period.

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.