Reallocation Procedures definition

Reallocation Procedures means the procedures of that name made by AEMO under the Exchange Agreement, as published by AEMO on its website from time to time.
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Reallocation Procedures means the procedures published by the Operator under clause 16.1.
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Reallocation Procedures. The Backstop Parties will fully fund the Initial DIP Term Loans subject to any reallocation of the Initial DIP Term Loans pursuant to the reallocation procedures set forth in the Term Loan DIP Credit Agreement (the “Reallocation Procedures”), which will provide each holder of a Rollover Term Loan Claim and each holder of a Tranche B Term Loan Claim the opportunity (the “Participation Right”) for such holder (or its designee) to lend up to its pro rata allocation of the New Money DIP Term Loans and provide up to its pro rata allocation of the New Money Exit Financing Commitments, with each holder’s pro rata allocation (each a “DIP-to-Exit Pro Rata Allocation”) calculated based on (a) the aggregate face amount of Rollover Term Loan Claims and Tranche B Term Loan Claims held by such Term Loan DIP Lender on the Petition Date, relative to (b) the aggregate face amount of all Rollover Term Loan Claims and Tranche B Term Loan Claims on the Petition Date. · Conversion Rights: A holder of a Rollover Term Loan Claim who subscribes and funds (or whose designee subscribes and funds on its behalf) an amount of New Money DIP Term Loans greater than or equal such holder’s pro rata allocation (after accounting for any rounding in accordance with the DIP Term Loan Documents) of the New Money DIP Term Loans, based on the aggregate outstanding principal amount of Rollover Term Loan Claims and Tranche B Term Loan Claims held by such holder on the Petition Date relative to the aggregate outstanding principal amount of all Rollover Term Loan Claims and Tranche B Term Loan Claims on the Petition Date, will have the right to convert any 3L Exit Term Loans received by such holder (or its designee) pursuant to the Plan on account of the amount of Rollover Term Loan Claims held by such holder on the Petition Date (together with any accrued and unpaid interest, fees, expenses, or other claims in respect thereof through the Plan Effective Date), on a dollar-for-dollar basis and on the Plan Effective Date, into an equivalent principal amount of 2L Exit Term Loans in accordance with the DIP Term Loan Documents (each such right, a “Conversion Right”). On the Plan Effective Date, the obligations under the DIP Term Loan Facility (collectively, the “Term Loan Facility DIP Claims”) will be converted into 1L Exit Term Loans on a dollar-for-dollar basis. DIP-to-Exit Backstop Letter Pursuant to a commitment letter (the “DIP-to-Exit Backstop Letter”), the members of that certain ad hoc group of ...
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Examples of Reallocation Procedures in a sentence

  • Pursuant to Article V of the Plan, the undersigned has the option to participate in the Reallocation Procedures described fully in Section 5.1 of the Plan.

  • Your failure to complete this section accurately and completely could result in your being unable to participate in the Reallocation Procedures.

  • By checking the boxes below the undersigned elects to participate in the Reallocation Procedures pursuant to the terms indicated below.

  • The Operator must develop and publish procedures (Reallocation Procedures) on its website, to enable Market Participants to create and record Reallocation Requests and describe the process for effecting Reallocations under this agreement.

  • A Reallocation is initiated by a Reallocation Request lodged with the Operator by or on behalf of two Market Participants who have satisfied all eligibility requirements under the Reallocation Procedures, which may include entering into an agreement with the Operator in respect of the Reallocation process.

  • Determination of Necessity for Implementation of Contingency Re-allocation Procedures.

  • If the Credit Party wants to make a request for delivery of a Reallocation Benefit for the trading intervals within the Term, the Credit Party agrees to submit a reallocation request in accordance with the Reallocation Procedures and notify the Debit Party when this has occurred on or before the Request Date.

  • Otherwise, the Operator must register a valid Reallocation Request within the time specified in the Reallocation Procedures and may impose conditions on registration as contemplated by the Reallocation Procedures.

  • A Reallocation Request must contain the information required by the Reallocation Procedures and be lodged with the Operator in accordance with the Reallocation Procedures.

  • The Operator may from time to time amend or replace the Reallocation Procedures after consulting with Market Participants using the process applicable to proposed amendments to this agreement under clauses 3.3 to 3.5. The Operator is not required to meet its obligations under this clause 16 in any way which increases the Operator’s risks in the collection of monies owed to it under or in respect of this agreement.

Related to Reallocation Procedures

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Reconciliation Procedures means those procedures set forth in Section 7.09 of this Agreement.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Applicable Depositary Procedures means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time.

  • Change Control Procedures Has the meaning given in Section 9.6(a) of the Agreement. Change Management or Change Management Process Means the processes relating to planning and performing all changes in DIR Customer's IT environment pertaining to the Services, including changes to individual components and coordination of changes across all components. The Change Management processes will support and include checkpoints to determine any potential or required Change Control Procedures. Chargeback Has the meaning given in Exhibit 4 of the Agreement.

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • appropriate procedures means procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards in place at the time of the occurrence.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Credit and Collection Policies or “Credit and Collection Policy” means the policies, practices and procedures adopted by the Issuer on the Closing Date, including the policies and procedures for determining the creditworthiness of Obligors and the extension of credit to Obligors, or relating to the maintenance of those types of receivables and the related equipment and collections on those types of receivables and the related equipment.

  • Bidding Procedures means the procedures governing the Auction and sale of all or substantially all of the Debtors’ assets, as approved by the Bankruptcy Court and as may be amended from time to time in accordance with their terms.

  • Credit and Collection Policy means Seller’s credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VIII hereto, as modified from time to time in accordance with this Agreement.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Customary Servicing Procedures means procedures (including collection procedures) that the Assuming Institution (or, to the extent a Third Party Servicer is engaged, the Third Party Servicer) customarily employs and exercises in servicing and administering mortgage loans for its own accounts and the servicing procedures established by FNMA or FHLMC (as in effect from time to time), which are in accordance with accepted mortgage servicing practices of prudent lending institutions.

  • Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Large Facility Interconnection Procedures or “LFIP”) shall mean the interconnection procedures applicable to an Interconnection Request pertaining to a Large Generating Facility that are included in Attachment X of the NYISO OATT. Standard Large Generator Interconnection Agreement (“LGIA”) shall mean this Agreement, the form of interconnection agreement applicable to an Interconnection Request pertaining to a Large Generating Facility, that is included in Attachment X of the NYISO OATT. System Deliverability Upgrades shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications or additions to Byways and Highways and Other Interfaces on the existing New York State Transmission System and Distribution System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Deliverability Interconnection Standard at the requested level of Capacity Resource Interconnection Service. System Protection Facilities shall mean the equipment, including necessary protection signal communications equipment, required to (1) protect the New York State Transmission System from faults or other electrical disturbances occurring at the Large Generating Facility and (2) protect the Large Generating Facility from faults or other electrical system disturbances occurring on the New York State Transmission System or on other delivery systems or other generating systems to which the New York State Transmission System is directly connected. System Upgrade Facilities shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications to the existing transmission system that are required to maintain system reliability due to: (i) changes in the system, including such changes as load growth and changes in load pattern, to be addressed in the form of generic generation or transmission projects; and (ii) proposed interconnections. In the case of proposed interconnection projects, System Upgrade Facilities are the modifications or additions to the existing New York State Transmission System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Minimum Interconnection Standard. Tariff shall mean the NYISO Open Access Transmission Tariff (“OATT”), as filed with the Commission, and as amended or supplemented from time to time, or any successor tariff. Trial Operation shall mean the period during which Developer is engaged in on-site test operations and commissioning of the Large Generating Facility prior to Commercial Operation.

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).