Required Annual Release definition

Required Annual Release has the same meaning as in the Snowy Water Licence taken as a whole as at the Corporatisation Date. For the avoidance of doubt, "Required Annual Release" is not a reference to "Agreed Annual Release" under that Licence and a change to the Snowy Water Licence after the Corporatisation Date will not affect the calculation of Required Annual Releases for the purposes of this Schedule;
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Required Annual Release has the same meaning as 15 in the Snowy Water Licence taken as a whole as at the 16 Corporatisation Date. For the avoidance of doubt, 17 “Required Annual Release” is not a reference to 18 “Agreed Annual Release” under that Licence and a 19 change to the Snowy Water Licence after the 20 Corporatisation Date will not affect the calculation of 21 Required Annual Releases for the purposes of this 22 Schedule; 23
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Required Annual Release means, with respect to each Water Year:
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Examples of Required Annual Release in a sentence

  • This occurs by water in the relevant DISV Reserve Account being credited to the Applied Snowy- Tumut Development DISV Reserve Account Volume or Applied Snowy- Murray Development DISV Reserve Account Volume, which forms part of the Required Annual Release formula (see paragraph Four Above) Under the proposed sections 16.2 and 16.5 of Schedule Four, water in the DISV Reserve Account must be transferred to the corresponding Drought Account if those Drought Accounts fall below their maximum volume.

  • That volume of water is accounted as a pre-release of the Required Annual Release for the relevant Development for the subsequent Water Year (and not as a release of Above Target Water).

  • Schedule F of the Agreement safeguards the rights of Victoria and South Australia against unilateral decisions made by NSW to reduce the Required Annual Release from the Snowy Scheme.The 2013 Strategy places an obligation on NSW to provide any volume called out in accordance with the Strategy to the appropriate party if a request is made to access RMIF from the Snowy Scheme.

  • Since 2002 however, Snowy Hydro has received a small amount of revenue from agreements it has entered into with irrigators to make pre-releases of the following year’s Required Annual Release in exchange for payment.

  • In 2006/7 there was also an unprecedented shortfall of the annual commitment by Snowy Hydro to provide 1026 GL to the Murray River and 1062 GL to the Murrumbidgee3 as part of the Required Annual Release (or RAR).

  • Term limits, One year and Two year terms; ensure that not all members are leaving and being filled with new members at the same time, stagger terms.

  • Regional partial-volume recovery correction (RC) resulted in 80% increase in variability and 20% increase in the maximum MBF error compared to a global-average RC, indicating that regional partial-volume correction methods are also sensitive to body motion.

  • The variations to the RAR formulae relating to the Drought Accounts, the Downstream Wet Sequence Protection Volume and the Required Annual Release Pre-Release Volume are described in detail in paragraphs 3, 5 and 6.

  • When inflows to the scheme are less than those experienced in the 1936-1946 drought, the volume of the Required Annual Release is reduced by the difference.

  • In order to ensure that the release of a Required Annual Release Pre-Release Volume does not compromise the quantity of water available to downstream users, each such release will be protected by downstream wet sequence protection provisions in the proposed sections 13.5 and 13.6 of Schedule Four.

Related to Required Annual Release

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Conditional release means a revocable modification of a

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • General Release has the meaning stated in Section 6.03.

  • Mutual Release means the General Mutual Release substantially in the form attached hereto as Exhibit B in all material respects.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • Average annual payroll means the average of the annual

  • Earned release means earned release from confinement as

  • Accidental release means an unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air from a stationary source.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Rollover Notification Date shall be defined as set forth in the Prospectus under "Summary of Essential Information."

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Average weekly discharge limitation means the highest allowable average of “daily discharges” over a calendar week, calculated as the sum of all “daily discharges” measured during a calendar week divided by the number of “daily discharges” measured during that week.