Water Allocation Account definition

Water Allocation Account means an account maintained by the Company which records the crediting, acquiring, debiting and withdrawal of Water Allocation;
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Water Allocation Account means the account kept by the Regulating Authority specifying the quantity of water available for delivery from time to time to the holder thereof.
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Water Allocation Account for an access licence means the account for the licence referred to in section 85 (1).
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Examples of Water Allocation Account in a sentence

  • Transformation does not affect Water Allocation already credited to a Water Allocation Account before the Transformation takes effect.

  • If a Participant places a water order in accordance with the Entitlements Contract and the Participant has no Water Allocation or has insufficient Water Allocation for the delivery of all of the water ordered, the Company may, at any time while the overdraft facility is available for use, elect to accept the water order and record a negative balance in the Participant’s Water Allocation Account reflecting the extent to which the volume of water ordered exceeds the available Water Allocation.

  • The Final Volume will not be credited to a Participant’s Water Allocation Account until the Participant has paid the Total Price.

  • Two Business Days after a Participant gives a valid Acceptance, the Company will establish an overdraft facility in respect of the Water Allocation Account of the Participant.

  • Internal Permanent Transfers do not affect Water Allocation already credited to a Water Allocation Account before the Internal Permanent Transfer takes effect.

  • If the Company determines that a Customer has taken Surplus Water in breach of these Rules, then to the extent that the water taken would ordinarily be deemed as off-allocation, it will instead be debited from the Customer’s Water Allocation Account as on-allocation.

  • In an approved Annual Transfer, the Company must debit or credit Water Allocation from the Water Allocation Account of the relevant Applicant as the case requires.

  • Any Customer participating in a Single Water Allocation Account may make an Application to exit the Single Water Allocation Account.

  • After the expiration of a Lease, any Carryover Water credited in respect of the leased Water Entitlements will be credited to the lessor’s Water Allocation Account.

  • After the commencement of a Lease, any Carryover Water credited in respect of the leased Water Entitlements will be credited to the lessee’s Water Allocation Account.

Related to Water Allocation Account

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).