Reference Tonnage definition

Reference Tonnage has the meaning given in the Access Undertaking.
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Examples of Reference Tonnage in a sentence

  • If the User is entitled to Ship Reference Tonnage and Non-Reference Tonnage, the additional Coal Handled under this clause 11.2 will be Handled as Excess Tonnage.

  • Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period "i" in the Financial Year) is calculated as follows: where: RC = ARRxART + INCR NCT ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is the sum of any relevant Increments approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, clause 4(d).

  • Year End Adjustment (YEA) The Year End Adjustment for the User (YEAu) will be calculated in respect of each Financial Year as follows:- where:- RTu is the Reference Tonnage for the User for the Financial Year; ART is the Aggregate Reference Tonnage for the Financial Year; and RP is the Rebate Pool for the Financial Year calculated at Schedule 2, Part B, Section 2.

  • Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period "i" in the Financial Year) is calculated as follows: RC  ARRxART  INCR NCT where: ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is the sum of any relevant Increments approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, clause 4(d).

  • Cap (RC) The Revenue Cap (RC) for each Financial Year (or where there is a Review Event after 1 July, for each period “i” in the Financial Year) is calculated as follows: RC = where: ARR × ART + INCR NCT ARR is the Annual Revenue Requirement; ART is the Aggregate Reference Tonnage; NCT is the Notional Contracted Tonnage; and INCR is any relevant Increment approved by the QCA in respect of prior Financial Years pursuant to Schedule 2, Part B, Sub-Section 4(d).

  • Year End Adjustment (YEA) The Year End Adjustment for the User (YEAu) will be calculated in respect of each Financial Year as follows:- where:- RTu is the Reference Tonnage for the User for the Financial Year; ART is the Aggregate Reference Tonnage for the Financial Year; and RP is the Rebate Pool for the Financial Year calculated at Schedule 2, Part B, Section 8.

  • Where no Review Event occurs after 1 July in a Financial Year, the Terminal Infrastructure Charge (TIC) in respect of a Terminal Component for that Financial Year, being a charge per tonne of Annual Contract Tonnage for the Terminal Component, will be calculated as follows:- where:- RC is the relevant Revenue Cap; and ART is the relevant Aggregate Reference Tonnage.

  • Increment If the Reference Tonnage Handled by all Access Holders plus the Excess Tonnage Shipped by all Access Holders in a Financial Year exceeds the Aggregate Reference Tonnage ("Over-shipment"), DBCT Management will initially hold (or be entitled to hold - if it is has not actually been paid the relevant amount) a portion of the revenue attributable to the Over-shipment of up to and including 2% of the Revenue Cap (the "Provisional Increment") calculated in accordance with Sub¬Section 4 (b) below.

  • Year End Adjustment (YEA) For each Terminal Component, Tthe Year End Adjustment for the User (YEAu) will be calculated in respect of each Financial Year as follows:- where:- RTu is the Reference Tonnage for the User for the Financial Year in respect of the Terminal Component; ART is the Aggregate Reference Tonnage for the Financial Year in respect of the relevant Terminal Component; and RP is the Rebate Pool for the Financial Year calculated at Schedule 2, Part B, Section 8.

  • Access Charges Access Charges will comprise two components: a Capital Charge, being: in respect of Reference Tonnage, the TIC; in respect of Excess Tonnage, the Excess Charge; and where applicable, the Year End Adjustment and the Provisional Increment Repayment; and a charge to recoup the costs of operation and maintenance of the Terminal, being: the Handling Charge – Fixed; the Handling Charge – Variable; and where applicable, charges for Miscellaneous Services.

Related to Reference Tonnage

  • Reference to other enterprise" shall include employee benefit plans; references to "fines" shall include any excise tax assessed with respect to any employee benefit plan; references to "serving at the request of the Company" shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in manner "not opposed to the best interests of the Company" as referred to in this Agreement.

  • Reference Tariff means an access charge (including any system premium) applicable to a specified Reference Train Service over a specified part of the Infrastructure as specified in QR Network’s Access Undertaking;

  • Terms of Reference (TOR) means the document included in the RFP as Section 5 which explains the objectives, scope of work, activities, tasks to be performed, respective responsibilities of the Client and the Consultant, and expected results and deliverables of the Assignment/job.

  • Terms of Reference (TORs) means the Terms of Reference that explains the objectives, scope of work, activities, and tasks to be performed, respective responsibilities of the Procuring Entity and the Consultant, and expected results and deliverables of the assignment.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Reference Asset Weight means, in respect of a Reference Asset, the proportion of the Reference Portfolio set out under the heading “Reference Portfolio Weight” for such Reference Asset in the table included under “THE REFERENCE PORTFOLIO, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Energy year or "EY" means the 12-month period from June 1st

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Reference plane means a plane which is displaced from and parallel to the tomographic plane.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • High Quality Short-Term Debt Instrument means any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Agency (Moody’s and S&P).

  • Limited Indexation Month means any month specified in the relevant Final Terms for which a Limited Indexation Factor is to be calculated;

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • health and safety specification means a site, activity or project specific document prepared by the client pertaining to all health and safety requirements related to construction work;

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Three-dimensional reference system means a system as described in Appendix 2 to this annex;

  • References to other enterprises" shall include employee benefit plans; references to "fines" shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to "serving at the request of the Company" shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner "not opposed to the best interests of the Company" as referred to in this Agreement.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) Daily Simple SOFR, plus (b) 0.10%; provided that if Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Adjusted community rate means the rating method used to

  • Reference Year shall have the meaning given it in the Summary.