Balancing and Settlement Code Framework Agreement definition
Balancing and Settlement Code Framework Agreement means the agreement of that title, in the form approved by the Secretary of State, as amended from time to time, to which the Company is a party and by which the Balancing and Settlement Code is made binding upon the Company.
Balancing and Settlement Code Framework Agreement means the agreement of that name, in the form approved by the Secretary of State, by which the Balancing and Settlement Code (being the code of that name prepared by National Grid
Balancing and Settlement Code Framework Agreement means the agreement of that title, in the form approved by the Secretary of State, as amended from time to time, to which the Company is a party and by which the Balancing and Settlement Code is made binding upon the Company. “Bank Levy” means any amount payable by any Lender or any of its Affiliates on the basis of, or in relation to, its balance sheet or capital base or any part of that person or its liabilities or minimum regulatory capital or any combination thereof, including, without limitation, the UK bank levy as set out in the Finance ▇▇▇ ▇▇▇▇, the French taxe bancaire de risque systémique as set out in Article 235 ter ZE of the French Code Général des impôts, the German bank levy as set out in the German Restructuring Fund Act 2010 (Restrukturierungsfondsgesetz) (as amended), the Dutch bankenbelasting as set out in the bank levy act (Wet bankenbelasting), the Swedish bank levy as set out in the Swedish Act on State Support to Credit Institutions (Sw. lag (2008:814) (lag om statligt stöd till kreditinstitut)), or the Spanish bank levy (Impuesto sobre los Depósitos en las Entidades de Crédito) as set out in the Law 16/2012 of 27 December 2012 and any levy or other Tax in any jurisdiction levied on a similar basis or for a similar purpose or any financial activities taxes (or other taxes) of a kind contemplated in the European Commission consultation paper on financial sector taxation dated 22 February 2011 in each case, in the form existing on the Effective Date or which has been formally announced as at the Effective Date, or if later the date on which the Lender becomes a Lender under this Agreement. “Base Index Figure” means the UKRPI figure published for March 2016 by the Office of National Statistics, being 261.1. “Basel III” means: (a) the agreements on capital requirements, a leverage ratio and liquidity standards contained in “Basel III: A global regulatory framework for more resilient banks and banking systems”, “Basel III: International framework for liquidity risk measurement, standards and monitoring” and “Guidance for national authorities operating the countercyclical capital buffer” published by the Basel Committee on Banking Supervision in December 2010, each as amended, supplemented or restated; (b) the rules for global systematically important banks contained in “Global systematically important banks: assessment methodology and the additional loss
Examples of Balancing and Settlement Code Framework Agreement in a sentence
Without prejudice to the generality of clause 8.3.1, the Supplier warrants that it holds a supply licence under section 6 of the Act and is a party to the Balancing and Settlement Code Framework Agreement.
Without prejudice to the generality of clause 8.4.1, the Supplier warrants that it holds a supply licence under section 6 of the Act and is a party to the Balancing and Settlement Code Framework Agreement.
Without prejudice to the generality of clause 8.4.1, the Buyer warrants that it and/or the Buyer’s Agent holds a supply licence under section 6 of the Act and is a party to the Balancing and Settlement Code Framework Agreement.