Allowance Type definition

Allowance Type means a specific type of Allowance as defined by the Applicable Rules including, without limitation, an AEUA, an EUA or other Allowance Type which the Parties have specified as applying in Part II of this Allowances Appendix or in an Individual Contract which may be used for determining compliance with emissions related commitment obligations under the EU ETS;

Allowance Type means any type of allowance, determined and notified to Members by the Exchange from time to time. For any Allowance Type, the Exchange may specify such criteria as it deems appropriate, including without limitation the type, nature and source of an allowance, the scheme and/or mechanism pursuant to which such allowance has been issued and the originating or issuing registry;

Allowance Type means any type of allowance, determined and notified to Members by the Exchange from time to time. For any Allowance Type, the Exchange may specify such criteria as it deems appropriate, including without limitation the type, nature and source of an allowance, the scheme and/or mechanism pursuant to which such allowance has been issued;“Authorised Representative”means a natural person authorised to represent a Nominated Holding Account Holder and submit process requests to a Registry on behalf of such Nominated Holding Account Holder;“Civil Penalties”means any penalties as set out in Part 7, Chapter 2, GG ETS Order;"Clearing House procedures"/ "Procedures"means the procedures of the Clearing House from time to time in force as prescribed under the Clearing House Rules;“Clearing House Directions”means any instructions or requests that the Clearing House may issue to the Buyer or Seller from time to time in respect of the delivery of UK Carbon Emission Allowances under a Daily UK Carbon Emissions Allowance Contract;“Contract Date”means for a Daily UKA Daily Contract, an individual Business Day listed by the Exchange on which: (a) trading commences; (b) trading ceases; and (c) the Delivery Period commences for those trades executed on that Business Day;“Daily UK Carbon Emissions Allowance Contract”means a Contract made pursuant to these ICE Futures Daily UKA Futures Contract Rules for the delivery of UK Carbon Emissions Allowances;“Delivery Costs”means an amount payable by a Buyer or Seller which is attributable to a Transfer Request Failure referred to the Exchange under Rule 7H1.12(b) or a Transfer Request Delay. For Transfer Request Failures such reasonable costs may include, but will not be limited to, any losses, costs, damages and expenses suffered or incurred by the Buyer or Seller as a result of it taking steps to acquire or dispose of UK Carbon Emission Allowances in the event of a Transfer Request Failure. Delivery Costsresulting from Transfer Request Failures and Transfer Request Delays shall not under any circumstances include any Civil Penalties which a Buyer or Seller may incur under the Scheme;“Delivery Period”means the period beginning at 10:00 hours on the first Business Day following the Contract Date of a Daily Emissions Allowance Contract and ending at 16:00 hours on the second Business Day following the relevant Contract Date. Where a Transfer Request Delay occurs, the period shall end at such later time as the Clearing House may direct u...

Examples of Allowance Type in a sentence

• The term “ Aviation Emissions Allowance” or “EUAA” means an aviation allowance issued pursuant to Chapter II of the Emissions Directive to permit the emission of one tonne of carbon dioxide equivalent during the relevant period, which falls within an Allowance Type, and only to the extent such allowance is valid, as of the time of delivery to the Clearing House, for the purposes of meeting the requirements of the Emissions Directive.

• The term “Aviation Emissions Allowance” or “EUAA” means an aviation allowance issued pursuant to Chapter II of the Emissions Directive to permit the emission of one tonne of carbon dioxide equivalent during the relevant period, which falls within an Allowance Type, and only to the extent such allowance is valid, as of the time of delivery to the Clearing House, for the purposes of meeting the requirements of the Emissions Directive.

• The Exchange shall from time to time issue a list of such Allowance Types and may, at any time, upon such notice as considered appropriate by the Exchange circulated to Members, add or withdraw an Allowance Type from such list (and any such change may, according to its terms, have effect on existing as well as new Carbon Emissions Allowance Contracts).

• The term " Allowance Type" has the same meaning as that given to the term in the ICE Futures Europe Rules, as applicable to the relevant Contract Set.

• The term " Aviation Emissions Allowance" or "EUAA" means an aviation allowance issued pursuant to Chapter II of the Emissions Directive to permit the emission of one tonne of carbon dioxide equivalent during the relevant period, which falls within an Allowance Type, and only to the extent such allowance is valid, as of the time of delivery to the Clearing House, for the purposes of meeting the requirements of the Emissions Directive.

More Definitions of Allowance Type

Allowance Type means any type of allowance, determined and notified to Members by the Exchange from time to time. For any Allowance Type, the Exchange may specify such criteria as it deems appropriate, including without limitation the

Allowance Type means any type of UKA, determined and notified to Members by theExchange from time to time. For any Allowance Type, the Exchange may

Allowance Type means any type of allowance, determined and notified to Members by the Exchange from time to time. For any Allowance Type, the Exchange may specify such criteria as it deems appropriate, including without limitation the type, nature and source of an allowance;"Buyer"means the Buyer (as defined in Rule A.1) or such other person, who is the purchaser or purchasers of UK Carbon Emissions Allowances under a UK Carbon Emissions Allowance Contract, and shall include the Clearing House, as appropriate;

Allowance Type means in respect of an EU Emissions Allowance Transaction, any of an EU Allowance, an EU Credit or an Alternative Allowance as specified in the related Confirmation.

Allowance Type means any type of EUA, determined and notified to Members by the Exchange from time to time. For any Allowance Type, the Exchange may specify such criteria as it deems appropriate, including without limitation the type, nature and source of an EUA;

Allowance Type means the type of Allowance(s) specified in the Final Terms. As at the date of this Base Prospectus, the only Allowance Type that Carbon ETC Securities issued under this Programme may specify is EUAs.

Allowance Type means a specific type of Allowance as defined by the Applicable Rules that the Parties have specified as applying in Part II of this Allowances Appendix or in an Individual Contract which may be used for determining compliance with emissions limitation commitments pursuant to and in accordance with the relevant Emissions Trading Scheme.