Common use of Aggregate payment caps Clause in Contracts

Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser of: (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000  n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 9 contracts

Samples: www.gasgovernance.co.uk, www.gasgovernance.co.uk, www.gasgovernance.co.uk

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Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser ofof : (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000 n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 8 contracts

Samples: www.gasgovernance.co.uk, www.gasgovernance.co.uk, www.gasgovernance.co.uk

Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser of: (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000  n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 7 contracts

Samples: www.gasgovernance.co.uk, www.gasgovernance.co.uk, www.gasgovernance.co.uk

Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser of: (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000 n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 5 contracts

Samples: www.gasgovernance.co.uk, www.gasgovernance.co.uk, www.gasgovernance.co.uk

Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser of: (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000  n∗n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 3 contracts

Samples: www.gasgovernance.co.uk, www.gasgovernance.co.uk, www.gasgovernance.co.uk

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Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by [the Transporters Transporters] to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser ofof : (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000 n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 1 contract

Samples: www.ofgem.gov.uk

Aggregate payment caps. 10.2.1 13.2.1 13.3.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters Transco[the Transporters] to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser ofof : (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 13.3.213.2.2 and 10.2.313.3.313.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000 n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 1 contract

Samples: www.ofgem.gov.uk

Aggregate payment caps. 10.2.1 13.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by [the Transporters Transporters] to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser ofof : (CML - PP) * SF or GLI * SF where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 13.2.2 and 10.2.313.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000 n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of:

Appears in 1 contract

Samples: www.ofgem.gov.uk

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