ECB Rate definition
ECB Rate means the sum of the following:
ECB Rate means the European Central Bank main refinancing interest rate; “Force Majeure” means any event or circumstance beyond the reasonable control of the affected party but does not include inability to pay; “Installation” means any fixed appliances, wires, fittings, apparatus or other electrical equipment used for (or for purposes incidental to) the conveyance, control and use of electricity; “Maximum Import Capacity” means the maximum amount of electricity expressed in kVA (kilovolt-amps) supplied to You at the Point of Supply; “NIAUR” means the Northern Ireland Authority for Utility Regulation which is the regulator for the electricity, gas and water and sewerage industries in Northern Ireland; “NIE” means Northern Ireland electricity PLC which operates the local electricity network that delivers electricity to you premises and are responsible for Change of Supplier process in the competitive electricity market in Northern Ireland. “Pass Through Charges” means government imposed levies or charges or any fees costs or charges levied or imposed on Us by any third party, relating to the supply of electricity, and which We are entitled or obliged to pass on to You as a customer; “Point of Supply” means the point specified in the Connection Agreement or in an application to supply at a specified point as the point where electricity may flow between the local Distribution System and Your installation; “Price Plan” means a product or offering made available by Us from time to time “Register/Registration” means the registering by NIE of You as a customer; “Security” means a cash deposit as required by and subject to the terms set out by Us and/or any form of guarantee or letter of credit from an entity and in a form acceptable to Us; “Schedule of Prices” means the schedule of price components of electricity supplied to You by
ECB Rate means the base rate from time to time of the ECB;
More Definitions of ECB Rate
ECB Rate means the percentage rate per annum from time to time on the Euro system marginal lending facility as determined by the European Central Bank and displayed on the “official interest rates” page of the European Central Bank website, or if the agreed page is replaced or ceases to be available, another page or service displaying the appropriate rate as determined by the General Partner, provided that for so long as such percentage rate falls below zero (0) per cent. it shall be deemed for the purposes of this Agreement to be zero (0) per cent;
ECB Rate means the European Central Bank main refinancing rate;
ECB Rate means, for any day, such reference rate per annum equal to the overnight rate as calculated by the European Central Bank and appearing on Bloomberg Page in respect of that day, via the following commands (ECBK<GO>,ECB Interest Rates, Refinance Rate). If in respect of any day such rate does not appear on such Page, the last available rate shall be used;