Physical Gas definition

Physical Gas means any Product for which the terms require the Seller to make available for delivery, and the Buyer to accept, a specified quantity of gas at a specified point.
Physical Gas means any Product for which the terms require the Seller to make available for delivery, and the Buyer to accept, a specified quantity of gas at a specified point, and includes a Location Swap. Physical Gas Amount is defined in clause 17.3. Pre-matched Trade is a Transaction formed in accordance with clause 13.2. Premium Product is defined in clause 12.1. Pre-opening Period means the 30 minute period immediately before the start of Trading Hours each day and, if the operation of the Trading System is suspended during Trading Hours, the 30 minute period starting at the time the Operator lifts the suspension under clause 11.2.

Examples of Physical Gas in a sentence

  • Note: Location Swap Transactions are Physical Gas Transactions for the purposes of this agreement.

  • The term ‘Exemption Regulations’ means regulations made under the Corporations Act or other regulatory instrument that have the effect that neither the Operator nor Trading Participants are required to obtain a licence under Chapter 7 of the Corporations Act to exercise their rights and perform their obligations under this agreement in respect of Transactions for Physical Gas Products where Delivery Netting applies.

  • The Transaction Quantity under a Physical Gas Transaction is settled at the Transaction Price.

  • Physical Gas Settlement Amounts are aggregated across all Trading Locations for a Gas Day.

  • Delivery Period For Physical Gas, the period over which the delivery of the Commodity is to take place, as specified in the Order or, for a Pre-matched Trade or Broker Pre-matched Trade, as specified in the details submitted and confirmed for the Pre-matched Trade or Broker Pre-matched Trade and includes a Custom Delivery Period.

  • Delivery Variance Quantity for Physical Gas Transactions except for Location Swap Transactions.

  • Prudential margin rules are applied to the face value of a Trading Participant’s net portfolio position to estimate the potential Settlement exposure associated with its Physical Gas Transactions and Capacity Transactions.

  • Physical Gas Amount An amount payable in respect of a Gas Day, representing the Transaction Price multiplied by the Transaction Quantity under all Physical Gas Transactions for which the Delivery Period includes all or part of that Gas Day, where the Trading Participant is the Buyer (in which case the amount is payable by the Trading Participant to the Operator) or the Seller (in which case the amount is payable by the Operator to the Trading Participant).

  • Execution of term transactions was based on the PG&E Electric Portfolio Quarterly Position Update and Preview of Q1 -2018 Physical Gas Transactions, presented to the PRG on December 19, 2017.

  • Unless otherwise agreed in this contract, the breaching party shall pay compensation this caused losses to other parties.

Related to Physical Gas

  • Physical Escort means the temporary touching or holding the hand, wrist, arm, shoulder, or back of a student who is acting out for the purpose of inducing the student to walk to a safe location.

  • Physical harm means bodily injury, impairment, or disease.

  • Physical Assets means equity securities, debt securities, fixed income securities and units in exchanged traded funds.

  • Physical abuse means any physical injury, mental injury, or threatened injury, inflicted by a person responsible for the child’s care other than by accidental means; or any physical or mental injury that cannot reasonably be explained by the child’s history of injuries or any aversive or deprivation procedures, or regulated interventions, that have not been authorized by Minn. Stat. § 125A.0942 or § 245.825.

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • physical nexus means that you have physical presence, such as: a building/facility located in Seattle, you make sales trips into Seattle, your own company drives into Seattle for product deliveries, and/or you conduct service work in Seattle (repair, installation, service, maintenance work, on-site consulting, etc).

  • Physical assault means intentionally causing or attempting to cause physical harm to another through force or violence.

  • Physical therapy means services provided by a qualified physical therapist.

  • Physical examination means the assessment of an individual’s health by a professional licensed to practice medicine or osteopathy, or by an advanced practice nurse or physician assistant.

  • Physical Safeguards are physical measures, policies, and procedures to protect CONTRACTOR’s electronic information systems and related buildings and equipment, from natural and environmental hazards, and unauthorized intrusion.

  • Physical impairment means any physiological disorder or condition, cosmetic disfigurement, or anatomical loss affecting one or more of the following body systems: neurological; musculoskeletal; special sense organs; respiratory, including speech organs; cardiovascular; reproductive, digestive, genito-urinary; hemic and lymphatic; skin; and endocrine.

  • Physical Commodities means any physical commodity with respect to which a Commodity Interest is traded on a market specified in the definition of Commodity Shares above.

  • High global warming potential hydrofluorocarbons means any hydrofluorocarbons in a particular end use for which EPA’s Significant New Alternatives Policy (SNAP) program has identified other acceptable alternatives that have lower global warming potential. The SNAP list of alternatives is found at 40 CFR Part 82 subpart G with supplemental tables of alternatives available at (http://www.epa.gov/snap/).

  • Physical therapist means an individual who is licensed by a state to practice physical therapy.

  • Physical therapy aide means a person who has

  • Physical presence means a place of business that is maintained by a Foreign Bank and is located at a fixed address, other than solely a post office box or an electronic address, in a country in which the Foreign Bank is authorized to conduct banking activities, at which location the Foreign Bank (i) employs one or more individuals on a full-time basis, (ii) maintains operating records related to its banking activities, and (iii) is subject to inspection by the banking authority that licensed the Foreign Bank to conduct banking activities.

  • Physical Damage means tangible damage to a Property that materially adversely affects the use, marketability, or value of the Property, whether caused by accident or otherwise, including, but not limited to damage caused by reason of fire, destruction of tangible property, defects in construction, land subsidence, earth movement or slippage, flood, earthquake, war, civil insurrection, or riot; and further, Physical Damage includes Environmental Impairment and the destruction or removal of chattel items that are considered part of the Property (see Section I., KK., [Property]) For purposes of this definition "material" shall mean an amount equal to or greater than $1,500.00 such that the estimated cost to repair a Property is $1,500.00 or more before the exclusion set forth in Section III., G., (Physical Damage Exclusion) would apply to exclude coverage for a Loan. The presence of radon gas, lead paint or asbestos in the dwelling on the Property shall not be deemed to be Physical Damage.

  • Physical hazard means a chemical for which there is scientifically valid evidence that it is a combustible liquid, a compressed gas, explosive, flammable, an organic peroxide, an oxidizer, pyrophoric, unstable (reactive) or water-reactive.

  • Certificated Air Carrier means a Citizen of the United States holding an air carrier operating certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or registered to the extent required to fall within the purview of Section 1110.

  • Physical injury means substantial physical pain or any impairment of physical condition;

  • Direct scattered radiation means that scattered radiation which has been deviated in direction only by materials irradiated by the useful beam (See "Scattered radiation").

  • Joint physical custody means an order awarding each of the parents significant, but

  • Reservoir means a water impoundment project operated by the United States Army Corps of Engineers that is intended to retain water or delay the runoff of water in a designated surface area of land.

  • Serious physical harm means bodily injury that involves a substantial risk of death, extreme physical pain, protracted and obvious disfigurement, or protracted loss or impairment of the function of a bodily member, organ, or mental faculty.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • Physical custody means the physical care and supervision of a child.