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 Rules;
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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 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 in Part 6 of the National Energy Retail Law.
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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

  • Major Event means an event which is likely to pose a serious risk to public health in relation to medicinal products in more than one Member States. Such an event concerns a deadly threat or otherwise serious threat to health of biological, chemical, environmental or other origin or incident that can affect the supply or quality, safety, and efficacy of medicinal products. Such an event may lead to shortages of medicinal products in more than one Member State and necessitates urgent coordination at Union level in order to ensure a high level of human health protection.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

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

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

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

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

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

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • 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:

  • Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

  • 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 Date means the date on which a Change of Control occurs.

  • Put Event means the occurrence of:

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Knock-in Event means (i) the event or occurrence specified as such in the relevant Final Terms; and(ii) (unless otherwise specified in the applicable Final Terms) that the price of the Security or, as the case may be, the level of the Index, determined by the Calculation Agent as of the Knock-in Valuation Time on any Knock-in Determination Day is, as specified in the applicable Final Terms, (i) "greater than", (ii) "greater than or equal to", (iii) "less than" or (iv) "less than or equal to" the Knock-in Price or, as the case may be, the Knock-in Level.

  • Public event means any event that can be attended by the

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Section 13 Event means any event described in clauses (x), (y) or (z) of Section 13(a) hereof.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Specified Change of Control a “Change of Control” (or any other defined term having a similar purpose) as defined in the Senior Subordinated Note Indenture.

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