Agreed CCL Exempt Percentage definition

Agreed CCL Exempt Percentage means the Climate Change Levy % exemption set out on your Price Schedule which shall be applied to either your Supplied Electricity or Total Forecasted Consumption (at our discretion). Such Climate Change Levy % exemption shall be determined by the total percentage of electricity supplied by Pure Green, Renewable, Good Quality CHP and Any LEC as set out in the energy mix of your Price Schedule;
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Agreed CCL Exempt Percentage means the Climate Change Levy % exemption set out on your Pricing Schedule which shall be applied to either your Supplied Electricity or Total Forecasted Consumption (at our discretion). Such Climate Change Levy % exemption shall be determined by the total percentage of electricity supplied by Pure Green, Renewable, Good Quality CHP and Any LEC as set out in the energy mix of your Pricing Schedule;
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Examples of Agreed CCL Exempt Percentage in a sentence

  • If your Price Schedule specifies CCL exempt sources then (subject to clauses 12.7 and 12.8) we shall apply the Agreed CCL Exempt Percentage to either your Total Forecasted Consumption or Supplied Electricity (at our discretion).

  • If clause 12.2 applies, any failure by us to supply you with the Agreed CCL Exempt Percentage of your Supplied Electricity or Total Forecasted Consumption (as relevant) from Renewable Source Electricity or Good Quality CHP Source Electricity as applicable shall not, in relation to Supply during the Transfer Period, constitute a breach by us of this Agreement.

  • We will not supply you with the Agreed CCL Exempt Percentage of your Supplied Elecrticity or Total Forecasted Consumption (as relevant) from Renewable Source Electricity or Good Quality CHP Source Electricity, as applicable, if continuation of such a supply would result in us being in breach of our obligations under the Finance Act 2000.

  • We shall be entitled to notify you at any time during the Term that we will apply the Agreed CCL Exempt Percentage to the Total Forecasted Consumption or Supplied Electricity (as relevant) and we shall apply the Agreed CCL Exempt Percentage accordingly from the date of such notification until the date of any further notification.

  • Unless we notify you otherwise we shall apply the Agreed CCL Exempt Percentage to your Supplied Electricity (subject to clauses 12.7 and 12.8).

  • Where we apply the Agreed CCL Exempt Percentage to the Total Forecasted Consumption, in each Charging Period, we will apply the Agreed CCL Exempt Percentage to our reasonable estimate of the proportion of the Total Forecasted Consumption attributable to that Charging Period.

  • We shall (at our sole discretion) be entitled to supply you with more CCL exempt power than the Agreed CCL Exempt Percentage or, if your Price Schedule does not specify CCL exempt sources, to supply you with any amount of CCL exempt power.

Related to Agreed CCL Exempt Percentage

  • Permitted Percentage means 25% of the voting power of the Stock.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Applicable L/C Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 3.08(a) hereof as set forth in the Pricing Schedule.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Investment Percentage means a percentage established for each Partner on the Partnership's books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner's Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Required Percentage As of any Distribution Date following the Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding as of such Distribution Date, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.