Examples of REC Party in a sentence
The Licensee must also (subject to paragraph 16.30) give a copy of the statement of its Procurement Strategy for Relevant Service Capability (or the most recent revision of it) to any SEC Party or REC Party who requests a copy.
Llety â chymorth3 Contract safonol sy’n ymwneud â llety â chymorth.
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 Code Manager shall, in relation to each REC Party, determine (in accordance with the Performance Assurance Methodology) which Retail Risks in the Risk Register are material (based on class materiality and individual materiality), and the Performance Assurance Techniques to be applied (and the manner in which they are to be applied) in relation to each such party in respect of each such Retail Risk (a "Risk Management Determination").
Where a REC Party or REC Service Provider attends part of a meeting they shall be provided with an extract of the minutes for the part of the meeting they attended, and will be invited to comment upon and/or accept the accuracy of the minutes.
In such circumstances, the REC Party or REC Service Provider shall be informed of the PAB meeting at which the matter is to be determined and shall be entitled to submit representations to the PAB and/or attend that the PAB meeting for that item of business only.
Where the Code Manager becomes aware of a change in the circumstances of a REC Party or REC Service Provider, or of circumstances which the Code Manager was not previously aware in relation to the Risk Management Determination of a REC Party or REC Service Provider, the Code Manager shall be entitled to make a revised Risk Management Determination as it considers appropriate.
The PAB shall establish a procedure whereby a current or prospective REC Party may apply for the temporary derogation from any requirement in the REC for the purpose of trialling a new product, service or business model.
Each REC Party and REC Service Provider who has entered into an agreement with RECCo pursuant to this Code hereby acknowledges and agrees that the provisions of this Schedule, being duly consulted upon and determined by the Authority, or as the case may be, by the PAB.