REC Party definition

REC Party means each 'Party' under and as defined in the Retail Energy Code. 1.2 Save as otherwise defined in this Access Agreement, the words and expressions used in this Access Agreement shall be interpreted on an Equivalent Basis in accordance with the definitions and provisions regarding interpretation set out in the Retail Energy Code. 1.3 Reference in this Access Agreement to a REC Schedule includes reference to the other parts of the Retail Energy Code referred to in that REC Schedule.
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REC Party has the meaning given in the DCC Licence and "REC Parties" shall be construed accordingly.
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REC Party means each 'Party' under and as defined in the Retail Energy Code.
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Examples of REC Party in a sentence

  • This will include the information required to start key assessment steps such as the information security and data protection assessment applicable to all REC Party applicants and Non-Parties applying to use enquiry services or the Green Deal Central Charging Database.

  • If you are not a REC Party and do not intend to become a REC Party, you will need to sign an Access Agreement for those REC Services you are requesting access for and you will be sent an Access Agreement by the Code Manager on the REC Portal to sign and return.

  • The REC Panel should therefore handle REC Party matters to support its key responsibilities.

  • The first is the difficulty in measuring some of the drivers of the risks, including ensuring that the correct REC Party at fault is identified and to ensure that there aren’t additional reports that REC Parties need to produce in order for REC PAB to monitor performance (i.e. going against the general principle to use data from central systems).

  • A tiered risk system is needed so that different process areas within the REC can be considered for a specific REC Party type.

  • Below is a list of principles that you, as the applicant, must meet during the REC Entry Assessment:• The applicant must have all systems, business processes and resources ready to be assessed prior to the commencement of each applicable stage of the REC Entry Assessment.• Organisations applying to be a REC Party need to have acceded to the REC in order to commence the REC Entry Assessment.• The applicant is required to formally agree its REC Entry Assessment Plan with the Code Manager.

  • We believe that objectivity could be ensured by employing an independent party who is not employed within a REC Party to set performance charges e.g. some employees of suppliers are members of existing code performance boards.Furthermore, there is a need for clear differentiation between market segments defined within the risks to ensure that performance charges are levied against the correct parties (e.g. HH/NHH, domestic/non-domestic, PAYG/Non-PAYG, smart/non-smart).

  • In striving to achieve compliance against the REC and other existing obligations, Parties would want to ensure that non-parties involved in the relevant processes would be co-operating with the process timescales and requirements so the REC Party consequently meets the relevant obligations.

  • If your organisation is a REC Party, you will not be required to sign a separate Access Agreement.Your DES user accounts will only be approved by RECCo for migration, if the corporate legal entity has acceded to the REC or signed an Access Agreement.If you have any doubt as to if your organisation is required to sign an Access Agreement, please contact enquiries@recmanager.co.uk and verify that your relevant corporate entities are authorized to access the GES services.

  • A ll REC Party or Non-Party REC Service Users must submit an Annual Statement in order to maintain their Qualification under this Code.


More Definitions of REC Party

REC Party means any person who is a "Party" (as such term is defined in the REC) to the REC and "REC Parties" shall be construed accordingly;
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Related to REC Party

  • Lender Recipient Party means collectively, the Lenders, the Swing Line Lender and the L/C Issuer.

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • FOIA Party means a Person that, in the reasonable determination of the Board of Directors, may be subject to, and thereby required to disclose non-public information furnished by or relating to the Company under, the Freedom of Information Act, 5 U.S.C. 552 (“FOIA”), any state public records access law, any state or other jurisdiction’s laws similar in intent or effect to FOIA, or any other similar statutory or regulatory requirement.

  • Respondent Party has the meaning set forth in Section 7.6(b).

  • Third-Party Lender means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Defending Party has the meaning set forth in Section 14.2.3.

  • Designated Party means any person listed:

  • Supplying Party shall have the meaning stated in Section 35.8.2.

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;

  • Proposing Party has the meaning set forth in Section 5.2.2.4(a).

  • Aggrieved party means a party entitled to pursue a remedy.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • Indemnifying Party shall have the meaning set forth in Section 5(c).

  • Buyer Party means Buyer or any Affiliate of Buyer that is a party to any Transaction Agreement.

  • Prosecuting Party has the meaning set forth in Section 6.2(c).

  • Lending Party shall have the meaning assigned to such term in Section 11.14.

  • Enforcing Party In connection with any Repurchase Request, (i) in the event one or more Requesting Certificateholders or Consultation Requesting Certificateholders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Requesting Certificateholder(s) and/or Consultation Requesting Certificateholder(s), or (ii) in all other cases, the Enforcing Servicer.

  • Party or “Parties” has the meaning set forth in the Preamble.

  • Providing Party has the meaning set forth in Section 11.

  • Political party means an organization of registered voters that has qualified to

  • Relevant Party means the Borrower, each of the Owners, any other Security Party and each member of the Group from time to time;

  • Opposing Party means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Xxxxxxxx has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Xxxxxx’s judgment, could result in forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx’s judgment, precludes forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Xxxxxx’s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.