Stock Level definition

Stock Level quotient expressed as a percentage defined each Day, corresponding to the ratio between the Stock of the Day and the Storage Capacity. Stock Transfer Unit Rate (STUR): portion of the Price defined in article 12.2.1. Storage Capacity: the maximum quantity of Gas that the Customer can ask the Storage Facility Manager to keep in Storage on its behalf. It is equal to the total of the valid Unit Storage Capacities of the Storage Units to which the Customer subscribed under the Contract. Storage Data Declaration Service: optional service provided by the Storage Facility Manager and described in article 11.1, concerning the declaration made on the Customer’s behalf to the Agency for the Cooperation of Energy Regulators (ACER) about the Quantity of Gas that the Customer has stored at the end of each Day. Storage Facility: collection of structures, facilities and technical or information-technology systems operated by or under the responsibility of the Storage Facility Manager, including in particular the Izaute and Lussagnet underground aquifer storage facilities. Storage is connected to the Transmission Network at the Storage Transport Interface Point. Storage Facility Manager (SFM): any legal or natural person responsible for operating, maintaining and developing the Storage Facility and/or the holder of the administrative permits and/or owner of the Storage Facility and party to the Contract. Storage Facility User: any person or entity delivering natural gas to the Transport Network Manager at the Transport/Storage Interface Point or removing natural gas delivered by the Transport Network Manager at the Transport/Storage Interface Point. A Storage Facility User may be the Customer, any other customer or indeed the Transport Network Manager. Storage Unit: a unit made up, in the case of a Standard Product, of a Storage Unit Capacity, a Daily Nominal Unit Withdrawal Capacity and Daily Nominal Unit Injection Capacity. Storage Unit Capacity: the maximum quantity of Gas that the Customer can ask the Storage Facility Manager to store in Storage on the Customer's behalf, in respect of a Storage Unit for a Standard Product to which the Customer subscribes, subject to the application of the provisions of the Contract. This quantity is specified in Appendix B "Physical Features of the Storage Facility". Storage Unit Transfer Unit Rate (SUTUR): portion of the Price specified in article 12.2.2. StoragExpand : Optional service provided by the Storage Facility Manager and des...
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Examples of Stock Level in a sentence

  • On Friday of Week W-1, the Operator shall send the Shipper a Dedicated Storage Space, a Dedicated Stock Level range for each of the seven (7) Days after the Friday of Week W-1.

  • On Friday of week W-1, the Operator shall provide the Shipper with its Monthly Schedule including its new Reference Send-Outs and its new Shared Stock Level and Dedicated Stock Level.

  • On Friday of Week W-1, the Shipper allocated a Dedicated Storage Space shall send the Operator a Dedicated Stock Level movement request for each of the seven (7) Days after the Friday of Week W-1.

  • Daily Injection Capacity: the quantity of Gas determined each Day by multiplying the Daily Nominal Injection Capacity by the Injection Development factor for the Day in question, possibly capped at the Maximum Stock Level.

  • If no Unloading has been scheduled by the Shipper for Month M, then the value of the Reference Shared Stock Level at the end of Month M shall be equal to zero (0).

  • Each Send-Out request should comply with the Dedicated Stock Level ranges indicated by the Operator, it being understood that the sum of the requests should comply with: o the operational constraints of the Terminal, o the limit of 123% of the Terminal Nominal Flow-Rate, o a technically and economically reasonable send-out range, o compatibility with the routing capacity of the Transmission System.

  • The Overdraft Authorisation of a Shipper that has subscribed to SMART shall correspond to a quantity of gas equal to the smallest value between: • 1/30 of the Contractual Unloaded Quantity (QDC) and • 1,200 GWh. Thus, the Shipper's Shared Stock Level may be negative, within the limit of the Overdraft Authorisation.

  • The Operator shall implement all or part of the Negative Stock and Offsetting Guarantee of the Shipper for which the Shared Stock Level is negative when the Contract has ended for any reason whatsoever.

  • At such time as Cipher is able to resume supply of Product pursuant to the purchase orders, the Parties shall enter into good faith discussions to determine the timetable in which Cipher will replenish the Minimum Safety Stock Level and Distributor shall place purchase orders pursuant to such schedule until Cipher has replenished such Minimum Safety Stock Level.

  • Otherwise, the Operator, depending on the case, shall: • Implement all or part of the Negative Stock and Offsetting Guarantee of the Shipper, or • Immediately issue an injunction for the Shipper to pay a sum for an amount covering the gas deficit making it possible for it to make its Shared Stock Level positive again.

Related to Stock Level

  • Share Level means the level of the Share as determined by the Determination Agent by reference to the level of the Share published by the Exchange.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Company TSR means, for any Performance Period, the Company’s TSR for such Performance Period.

  • TSR Percentile Rank means the percentile performance of the Company and each of the companies in the Peer Group based on the TSR for such company as determined by the Committee for the Performance Period.

  • TSR means total shareholder return.