Statement of Renewal Terms definition

Statement of Renewal Terms means a statement sent to you approximately 10 weeks before the Price Review Date, and containing all the key terms that will apply after the Price Review Date, including your New Prices.
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Statement of Renewal Terms means a written statement explaining the process for contract renewal and termination. We will send you the statement when you enter into a contract, when your contract is extended and, if you have not indicated your intention to terminate the contract, when we send you a renewal reminder.
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Statement of Renewal Terms means the statement, issued by D-ENERGi, to the Customer, not less than
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Examples of Statement of Renewal Terms in a sentence

  • The length of the term will be notified to the Customer by D-ENERGi within the Statement of Renewal Terms and it means that a higher unit rate may be applied for energy consumed on site, which will depend on a variety of factors; If no ‘Valid Notice’ has been served, D-ENERGi will have no alternative but to apply a rate based on the market at that time and the Refreshed Rates shall apply.

  • For more information on this evidence, see our response to question 5 below.Priority area 2: Statement of Renewal Terms (SORT)We agree that this communication should be retained and improved, as it is already relatively successful in prompting consumer engagement.

  • Ofgem have stated that the prescription around when a Statement of Renewal Terms can be sent is to be removed however, the switching window remains as before.

  • The Contract Changes principle covers that suppliers must explain what will happen at the end of a fixed term contract if no action is taken, so it is not necessary to prescribe this further.• It does not seem productive to retain the prescriptive requirements in SLC 22C.4(b), that the Statement of Renewal Terms should not be provided with any other document.

  • These less prescriptive requirements have now been replaced by the full requirements.Suppliers are be required to send a Statement of Renewal Terms between 49 and 42 days (7-6 weeks) to the customer prior to the end of their fixed-term contract.

  • Relevant Matters for SLC 22C” means: (a) the format and/or display of any information which must be included in an SLC 22C Statement of Renewal Terms and the Notice referred to in sub-paragraph 22C.5(a); and (b) the interpretation of standard condition 22C (including in respect of definitions which appear in standard condition 1).

  • A number of our fixed-term contracts (that have terms that will run beyond the expected timeframe for the implementation of the modified licence conditions) contain references to the time window within which we would issue the Statement of Renewal Terms (SoRT) notification to customers.

  • Termination Date means the termination or expiry date specified on the Contract (or Micro Business Customer Contract), or any Statement of Renewal Terms/Micro Business Statement of Renewal Terms accepted by You or such other date as may be agreed in writing by the Parties.

  • Accordingly, we conclude that appellant may challenge the circuit court’s denial of her exceptions.

  • It indicated that more than 50% of customers expressed a preference within the range of five to three weeks prior to the fixed tariff ending, which is later than the 42- to 49- day window prescribed in SLC 22C.4.To confirm its initial findings, npower wants to run a trial to understand if changing the timing of providing its Statement of Renewal Terms to its customers increases engagement and reduces the number of customers rolling onto its SVT.


More Definitions of Statement of Renewal Terms

Statement of Renewal Terms means a written statement explaining the process for contract renewal and termination. We will send you the statement when you enter into a contract, when your contract is extended and, if you have not indicated your intention to terminate the contract, when we send you a renewal reminder. "Supply" shall mean the provision of gas or electricity in accordance with this contract.
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Statement of Renewal Terms means a written statement explaining the process for contract renewal.. We will send you the statement when you enter into a contract, when your contract is extended and, when we send you a renewal reminder.
Sample 1Sample 2
Statement of Renewal Terms means a statement sent to you approximately 10 weeks before the Price Review Date
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Statement of Renewal Terms means a statement sent to you at least 60 days before the end of Fixed Term Period, and containing all the key terms that will apply after the end of Fixed Term Period, including your price renewal options.
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Statement of Renewal Terms means the statement, issued by D-ENERGi, to the Customer, not less than 60 days before the end of the Term, advising of the Refreshed Rates and the term upon which the Agreement will be Refreshed. For micro business customers, the Statement of Renewal Terms will be issues no less than 60 days before the contract end date.
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Related to Statement of Renewal Terms

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Renewal Period the period described in clause 14.1.

  • Renewal Term has the meaning set out in Section 9.1.

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Non-Renewal shall have the meaning set forth in Paragraph 2(b) hereof.

  • Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.

  • Additional Terms means any additional terms agreed in writing amending, varying or agreeing additions to these Terms;

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Order Form Term means the duration of an Order Form.