PS Notified Debt definition
PS Notified Debt means, at any time, the aggregate of PS Non-Payments, excluding any VAT element, which are at that time or were prior to that time the subject of a notification by a Designated Pipe-line Operator to the PSA as contemplated in Condition 2A.3.4.1 of such Designated Pipe-line Operator’s licence; “PS Transmission Payments” means any amount payable by a PS Gas Supplier in respect of the provision of gas conveyance services on the Postalised System under Conditions 2A.2.2.1 (Monthly Postalised Payments); 2A.2.2.2 (Debt Payments); and 2A.2.2.3 (Reconciliation Payments); 2A.2.5.1(c) (Auxiliary Payments) and 2A.2.6.4 (Supplemental Payments) under each Designated Pipe-Line Operator’s Respective Licence; “Quantity Figures” shall have the meaning ascribed to that term in Condition 2A.2.3.1(b); “Quarter” means each successive three calendar month period in a Gas Year, the first of which shall run from and including 06:00 hours 01 October until 06:00 hours 01 January in that Gas Year; and “Quarterly” shall be construed accordingly; “Quarterly Exit Quantity” means the aggregate of Exit Quantities in a Quarter; “Reconciliation Payment” means the Capacity Reconciliation Payment and the Commodity Reconciliation Payment; “Reconciliation Payment Formulae” means the formulae contained in Condition 2A.2.6.3 in accordance with which Reconciliation Payments shall be calculated; “Recovery” means any amount (other than a Debt Payment) paid by or on behalf of a PS Gas Supplier either directly into the PoT Account or to a Designated Pipe-line Operator and subsequently paid by that Designated Pipe-line Operator into the PoT account, in full or partial satisfaction of any PS Notified Debt attributable to that PS Gas Supplier; “Relevant Charge Date” shall have the meaning ascribed to that term in Condition 2A.2.5.4;
PS Notified Debt means, at any time, the aggregate of PS Non-Payments, excluding
PS Notified Debt means, at any time, the aggregate of PS Non-Payments, excluding any VAT element, which are at that time or were prior to that time the subject of a notification by a Designated Pipe-line Operator to the PSA as contemplated in Condition 2A.3.4.1 of such Designated Pipe-line Operator’s licence;