Ceiling Limit definition

Ceiling Limit means the Economic Cost of those Segments as determined under section 4.5 which are required for the provision of any Train Path or group of Train Paths operated on behalf of a relevant Access Holder or group of Access Holders.

Ceiling Limit in relation to land means the limit fixed under section 164A;

Ceiling Limit means the maximum principal amount of the Secured Credit:

Examples of Ceiling Limit in a sentence

• Access revenue from an Access Holder for a Train Path can only be reconciled against one Ceiling Limit.

• The separate Ceiling Limit and Constrained Network in relation to Pricing Zone 3 has been included in the Varied Undertaking to provide certainty and transparency as to the treatment of incremental costs for the remaining Term of the Varied Undertaking and is not to be taken as the mechanism which will necessarily be included beyond the current Term.

• To avoid doubt, any variation to TOP Charges paid during a calendar year resulting from complying with section 4 of the Undertaking, and specifically through complying with the applicable Ceiling Limit and calculation of any allocation of the total unders and overs amount, will not constitute a voluntary waiver of TOP Charges for the purpose of subsections (d) and (e).

• In relation to Segments forming part of Pricing Zone 3, the Access revenue from any Train Path or group of Train Paths operated on behalf of Constrained Coal Customers for the PZ3 Constrained Network must not exceed the Ceiling Limit where the RAB for those Segments traversed is equal to, or falls below, the RAB Floor Limit for those Segments at the end of the calendar year (t -1).

• In relation to Segments forming part of Pricing Zone 1 and 2, the Access revenue from any Train Path or group of Train Paths operated on behalf of Constrained Coal Customers for the PZ1/2 Constrained Network must not exceed the Ceiling Limit.

More Definitions of Ceiling Limit

Ceiling Limit. , in relation to land, means the limit fixed under section 136;

Ceiling Limit means the maximum principal amount of the Secured Credit (a) as elected by the Customer and accepted by the Bank or (b) if no such election has been made, as prescribed by the Bank from time to time.

Ceiling Limit means the ceiling limit as determined in accordance with the provisions of section .6;

Ceiling Limit means maximum refill sale per month of domestic LPG cylinders defined for the market in which the LPG Distributor is located.

Ceiling Limit means the Economic Cost of those Segments as determined under section 4.5.

Ceiling Limit. ’ means the ceiling limit specified in section 3 ;

Ceiling Limit means such U.S. Dollars amount as specified in Part E of the Application Form or, subject to the sole and absolute discretion of the Bank, any such other amount as the Bank may specify to the Customer from time to time; FX2 TnC 01/17