Auxiliary Payment definition
Auxiliary Payment means any sum (whether or not contingent) in addition to aggregate Monthly Postalised Payments which a PS Gas Supplier is committed to pay on an annual basis in respect of Minimum Quantity Value; “Business Day” means a day, other than a Saturday or Sunday, on which banks are open for ordinary banking business in Belfast; “Buy-Back Capacity” means capacity that has been allocated as Firm Capacity or OS Capacity (as the case may be) and subsequently made available for purchase by the Licensee in accordance with the OS Scheme and the Network Code; “Capacity Percentage” shall have the meaning ascribed to that term in Condition 2A.2.5.3(b); “Capacity Product” means the products for the provision of capacity at Entry Points or Exit Points made available by Designated Pipe-line Operators listed in the Gas Product Multipliers and Time Factors Table; “Capacity Reconciliation Payment” means a charge or a payment, as the context requires, made by the Licensee to each of its Gas Suppliers, and as calculated in accordance with condition 2A.2.6.4; “Commodity Percentage” shall have the meaning ascribed to that term in Condition 2A.2.5.2(a); “Commodity Reconciliation Payment” means a charge or a payment as the context requires, made by the Licensee to each of its Gas Suppliers in respect of the difference between the Forecast Postalised Commodity Charge and the Year- End Postalised Commodity Charge applied to a Gas Year; “Credit Committee” means the committee which is convened and operates in accordance with the Terms of Reference; “Debt Entitlement” shall have the meaning ascribed to that term in Condition 2A.6.1.2(b);
Auxiliary Payment means any sum (whether or not contingent) in addition to aggregate
Auxiliary Payment means any sum (whether or not contingent) in addition to aggregate Monthly Postalised Payments which a PS Gas Supplier is committed to pay on an annual basis in respect of Minimum Quantity Value;