RoLR Event definition

RoLR Event means an event whereby we become unable or we lose the right to retail electricity to our customers by virtue of one or more of the following events:
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RoLR Event or "Retailer of Last Resort Event" means an event whereby the Retailer becomes unable or loses the right to retail electricity to its Customers by virtue of one or more of the following events:
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RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the National Energy Retail Law.
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Examples of RoLR Event in a sentence

  • AEMO has consolidated all requirements arising out of a RoLR Event into a document entitled: NEM RoLR Processes and for the purposes of clarity, delineates which parts are made under which part of the NER.

  • As the RoLR for a RoLR Event is determined and appointed by a Regulator, the ROLR Role in MSATS is for indicative purposes only (refer to section 13.6).

  • All reports required to be produced by AEMO in relation to a RoLR Event are described in Appendix 1, and must be produced in a format that can be readily communicated to MSATS Participants.Appendix 1 also identifies which report each MSATS Participant is entitled to receive by reference to their Role.

  • Within 1 business day from the RoLR Notice, we shall notify you by email that the we are facing an impending RoLR Event (and publish the same notification on our website).

  • Within 1 business day from the RoLR Notice, we shall notify you by email that we are facing an impending RoLR Event (and publish the same notification on our website).

  • The Customer acknowledges that the transfer of the Premises to AGL was effected by operation of law as a result of a RoLR Event and that such transfer to AGL may involve the disclosure of information relating to the supply of electricity for the Premises, and consents to AGL being provided with any consumption history or data as required.

  • As the RoLR for a RoLR Event is determined and appointed by a Regulator, the ROLR Role in MSATS is for indicative purposes only (refer to section 0).

  • The timeline does not restrict the user to not complete the steps sooner if possible considering the risks involved in delaying and timing management being the key factors driving the operational processes in a RoLR Event.

  • Revision 2 for the billing period in which the RoLR Event occurred is completed, AEMO must deactivate all MSATS user access for the Failed Retailer.

  • Best endeavours must be made to complete all possible Accelerations on the day of the RoLR Event or by the end of the next business day.


More Definitions of RoLR Event

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the National Energy Retail Law;
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RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the Rules;
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RoLR Event has the meaning given in Part 6 of the National Energy Retail Law.
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RoLR Event means an event whereby the Company becomes unable or loses the right to retail Electricity to its Customers by virtue of one or more of the following events: (i) revocation by EMA, or expiry or non-renewal, of the Company’s Electricity Licence; (ii) receipt by EMA of a notification from the Accounting and Corporate Regulatory Authority of the Company’s application for a voluntary winding-up after the Company’s receipt of EMA’s approval to cease operations as required under the Act; (iii) an order is made or resolution is passed for the winding up or liquidation of the Company; (iv) issuance of a Suspension Order or Termination Order by the Market Surveillance and Compliance Panel to the effect that the Company is unable or not allowed to retail Electricity; (v) termination of the Company’s Market Support Services (Retailer) Agreement by the MSSL; or (vi) termination of the Company’s Retailer Use of System Agreement by the Transmission Licensee;
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RoLR Event has the meaning given to that term in the National Energy Retail Law. Schedule means a schedule to this Agreement. Security means an irrevocable and unconditional undertaking given to AGL by an Australian bank, a refundable deposit or pre- payment, guarantee from a third party or other security, on terms acceptable to AGL and in an amount determined by AGL in its discretion, having regard to the Customer’s gas consumption and payment history and AGL’s policies, provided that the amount of Security will not exceed 3 months’ average charges (calculated by reference to a 12-month period). Structure means a structure complying with all relevant regulatory requirements and those of public authorities and the Network Operator to protect Meter Equipment. STTM means the Short Term Trading Market being a wholesale market for natural gas and related services operated and administered by AEMO in accordance with the National Gas Rules.
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RoLR Event means the Retailer of Last Resort Event whereby the Retailer becomes unable or loses the right to retail electricity to the Customer by virtue of one or more of the events specified in the Code of Conduct for Retail Electricity Licensees.
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Related to RoLR Event

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Barrier Event means that R (final) is lower than the Barrier.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Adjustment Event means each of the following events:

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Change of Control means the occurrence of any of the following: