RoLR Event definition

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 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:

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the Rules;

Examples of RoLR Event in a sentence

• 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.

• This Agreement This Agreement consists of these terms and conditions and sets out the agreement between AGL and the Customer for the sale of gas to a Delivery Point that has transferred to AGL as a result of a RoLR Event.

• This agreement This Agreement consists of these terms and conditions and sets out the agreement between AGL and the Customer for the sale of gas to a Delivery Point that has transferred to AGL as a result of a RoLR Event.

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.

RoLR Event has the meaning given in Part 6 of the National Energy Retail Law.

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the National Energy Retail Law;

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.

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;