Price Option definition

Price Option has the meaning specified in the ISDA Definitions;

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Price Option means the price option within a Price Category where such a Price Category provides for Retailer choice amongst two or more options, subject to a particular configuration of metering and load control equipment.

Price Option means the one of the two price options which the Customer selected. The price options are fully described in the official price list issued by ACMTechnology from time to time and are summarised as: 2.1.14.1 Cash option for the hardware and monthly subscriptions escalat- ing on 1 October each year. A calendar month’s written notice is required to cancel the contract. Payment for the hardware is due on installation. 2.1.14.2 Free Fitment option with a minimum contract period of 36 months (“the contract period”) and monthly subscriptions escalating on 1 October each year. After the initial 35 months, the contract continues, until cancelled by the Customer giving a calendar month’s written notice to Tracker;

Examples of Price Option in a sentence

• If a Customer has elected to receive 24 hour Continuous Supply and is charged on the basis of the relevant uncontrolled supply Price Category or Price Option, the Distributor must maintain continuous electricity supply in accordance with this Agreement.

• If a Customer has elected a Controlled Load Option or Other Load Control Option, the Distributor may control the relevant part of the Customer's load for the maximum period permitted by the relevant Price Category or Price Option (subject to any eligibility criteria and other associated requirements relating to that Price Category or Price Option).

• Time period when electricity supply is available Supply is, in normal supply circumstances, available for as described in the relevant Price Category or Price Option.

• National Grid customers receiving Standard Offer Service under the Fixed Price Option who leave National Grid for a competitive supplier will be subject to a National Grid billing adjustment.

• If the Customer has elected to receive a streetlight controlled supply and is charged on the basis of the relevant controlled supply Price Category or Price Option in accordance with Schedule 7, the Distributor must provide appropriate load control signals to switch the supply.

• If a Customer has elected to receive 18 hour Controlled Supply and is charged on the basis of the relevant Controlled Supply Price Category or Price Option in accordance with Schedule 7, the Distributor may control the relevant part of the Customer's load for a maximum period of 6 hours on any day.

• Holders must surrender Securities to a Paying Agent to collect the principal amount, Redemption Price, Option Purchase Price or Fundamental Change Repurchase Price of the Securities, plus, if applicable, accrued and unpaid interest, if any, payable as herein provided upon Redemption, Purchase at Holder’s Option or Repurchase Upon Fundamental Change, as the case may be.

• If a Customer has elected to receive 17 hour Controlled Supply and is charged on the basis of the relevant Controlled Supply Price Category or Price Option in accordance with Schedule 7, the Distributor may control the relevant part of the Customer's load for a maximum period of 8 hours on any day.

• If a Customer has elected to receive supply only within the specified time periods and be charged on the basis of the relevant controlled supply Price Category or Price Option in accordance with Schedule 7, the Distributor must provide the appropriate load control signals to switch the supply.

• If a Customer has elected to receive 24 hour Continuous Supply and is charged on the basis of the relevant uncontrolled supply Price Category or Price Option in accordance with Schedule 7, the Distributor must maintain continuous electricity supply in accordance with this Agreement.