Overdraft Authorisation definition

Overdraft Authorisation minimum energy quantity, expressed in MWh (GHV), permitted over the Inventory Level.
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Overdraft Authorisation minimum permissible values of the Shared Stock Level.
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Examples of Overdraft Authorisation in a sentence

  • The Shipper shall authorise the Operator to schedule its Send-Outs within the limit of the Overdraft Authorisation from which it benefits.

  • By way of derogation from the previous rule, the Shipper shall not be required to provide the Negative Inventory Guarantee when and as long as: o the Shipper is a company with a long-term credit rating equal to or above A- (Standard & Poors) or A3 (Xxxxx’x), or o all Shippers with an Overdraft Authorisation as per Article 27.2.2 greater than three hundred (300) GWh have expressly dispensed the Shipper from this.

  • The Shipper shall provide the Operator with a Negative Inventory Guarantee in one of the forms set out in Article 29.1, covering the Overdraft Authorisation under Article 27.2.2, the amount of which calculated by the Operator prior to every Invoicing Period shall be equal to: Overdraft Authorisation x Pmax x 1.5 where Pmax is the largest value of the PEGAS Monthly Index prices published by POWERNEXT SA for the PEG, expressed in euro/MWh, over the calendar year preceding the period in question.

  • In the case of a Spot Unloading involving a Shipper that does not have sufficient Overdraft Authorisation, the Operator may modify the Forecasted Daily Send-Out of other Shippers by up to 35 000 MWh (GHV) per day for all other Shippers and for every Day prior to the Unloading.

  • The Shipper's Reference Shared Stock Level may be negative, within the limit of the Overdraft Authorisation.

  • The amount of the Negative Stock and Offsetting Guarantee shall cover the Overdraft Authorisation and the offsetting obligation of the Shipper that has subscribed to SMART in relation to the Affected Shippers.

  • The Overdraft Authorisation of a Shipper that has subscribed to SMART shall correspond to a quantity of gas equal to the smallest value between: • 1/30 of the Contractual Unloaded Quantity (QDC) and • 1,200 GWh. Thus, the Shipper's Shared Stock Level may be negative, within the limit of the Overdraft Authorisation.

  • The Overdraft Authorisation of a Shipper that has subscribed to SPOT shall be zero.

  • The Shipper's Shared Stock Level may be negative, within the limit of the Overdraft Authorisation.

  • The Operator shall stop the Shipper's Send-Out as soon as its Overdraft Authorisation has been reached.

Related to Overdraft Authorisation

  • Safety Authorisation and “deemed Safety Authorisation” have the meanings given to “safety authorisation” and “deemed safety authorisation” by the Railways and Other Guided Transport Systems (Safety) Regulations 2006;

  • Authorisations means any consent, registration, filing, notarisation, licence, approval, permit, authority or exemption from, by or with any Governmental Authority and all corporate, creditors’, shareholders’ and third-party approvals or consents;

  • Authorisation means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration.

  • Required Authorisation means any authorisation, consent, declaration, licence, permit, exemption, approval or other document, whether imposed by or arising in connection with any law, regulation, custom, contract, security or otherwise howsoever which must be obtained at any time from any person, Government Entity, central bank or other self-regulating or supra-national authority in order to enable the Borrowers lawfully to borrow the loan or draw any Advance and/or to enable any Security Party lawfully and continuously to continue its corporate existence and/or perform all its obligations whatsoever whensoever arising and/or grant security under the relevant Security Documents and/or to ensure the continuous validity and enforceability thereof;

  • Marketing Authorisation means any approval (including all applicable pricing and governmental reimbursement approvals) required from the FDA or relevant Competent Authority to market and sell a Product in a particular country.

  • enforcement authority means any person or body having jurisdiction to enforce or to take action under or in respect of the relevant legal requirement.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • Product Authorizations means any and all approvals, including applicable supplements, amendments, pre- and post-approvals, clearances, licenses, notifications, registrations, certifications or authorizations of any Governmental Authority, any Regulatory Agency necessary for the preclinical or clinical testing, manufacture, development, distribution, use, storage, import, export, transport, promotion, marketing, sale or other commercialization of a Product in any country or jurisdiction.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • relevant licence means a production licence for petroleum in force under Part III of the Petroleum Act 1967 immediately before the commencement of this section.

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Contract Authority means the Board of Supervisors or the head of the department or agency presenting the proposed contract to the Board of Supervisors.

  • Government Authorizations means all such approvals, consents, authorizations, acknowledgements, licenses or permits required to be issued by any Government Authority to the Company for the establishment of the Company or to the Company or the Contractors for the construction, financing, ownership, operation, and maintenance of the Facility by the Company or the Contractors, including, without limitation, those Government Authorizations listed in Schedule 1;

  • Principal Finance Documents means the Credit Agreement, the Senior Secured Note Indenture, the Intercreditor Arrangements and any Additional Agreement.

  • Consents, Clearances and Permits means all authorizations, licenses, approvals, registrations, permits, waivers, privileges, acknowledgements, agreements, or concessions required to be obtained from or provided by any concerned authority for the purpose of setting up of the generation facilities and/ or supply of power;

  • Borrower DTTP Filing means an HM Revenue & Customs’ Form DTTP2, duly completed and filed by the relevant Borrower within the applicable time limit, which contains the scheme reference number and jurisdiction of tax residence provided by the Lender to the Borrower and the Administrative Agent.

  • Environmental Legislation means any laws, statutes, regulations, orders, bylaws, permits or lawful requirements of any governmental authority with respect to environmental protection;

  • Relevant Supervisory Consent means, in relation to any redemption or purchase of the Notes, any required permission of the Relevant Regulator applicable to the Company or the Relevant UK Resolution Authority (as applicable). For the avoidance of doubt, Relevant Supervisory Consent will not be required if either (i) none of the Debt Securities qualify as part of the Issuer’s regulatory capital, or own funds and eligible liabilities or loss absorbing capacity instruments, as the case may be, each pursuant to the Loss Absorption Regulations, (ii) the relevant Debt Securities are repurchased for market-making purposes in accordance with any permission given by the Relevant Regulator pursuant to the Loss Absorption Regulations within the limits prescribed in such permission or (iii) the relevant Debt Securities are being redeemed or repurchased pursuant to any general prior permission granted by the Relevant Regulator or the Relevant UK Resolution Authority (as applicable) pursuant to the Loss Absorption Regulations within the limits prescribed in such permission.

  • Required Governmental Approvals has the meaning set forth in Section 3.03.

  • Requirements contract means a contract:

  • procurement document means any document produced or referred to by the contracting authority to describe or determine elements of the procurement or the procedure, including the contract notice, the prior information notice where it is used as a means of calling for competition, the technical specifications, the descriptive document, proposed conditions of contract, formats for the presentation of documents by candidates and tenderers, information on generally applicable obligations and any additional documents;

  • Governmental Agency means an executive, legislative, or judicial agency, department, board, commission, authority, institution, or instrumentality of the federal government or of a state or of a county, municipality, or other political subdivision of a state.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Required Documents means those documents identified in Section 2(I) of the Custodial Agreement.

  • Facility Agent has the meaning set forth in the Preamble.

  • Governmental Agency(ies) means, individually or collectively, any federal, state, county or local governmental department, commission, board, regulatory authority or agency (including, without limitation, each applicable Regulatory Agency) with jurisdiction over the Company or a Subsidiary.