Eligible PRNs definition
Eligible PRNs means (subject to clause 11.1.1) any PRN obtained, generated or issued by a Member (whether itself, via a third party or otherwise) from the reprocessing or export (as appropriate) of that Member’s own Packaging Waste arising in the course of that Member’s normal business activities, or from any other source of Packaging Waste, provided that such source is agreed in writing by both the member and Valpak;
Eligible PRNs means (subject to clause 11.1(a)) any PRN obtained, generated or issued by a Member (whether itself, via a third party or otherwise) from the reprocessing or export (as appropriate) of that Member’s own Packaging Waste arising in the course of that Member’s normal business activities, or from any other source of Packaging Waste, provided that such source is agreed in writing by both the member and Valpak; "Maximum Tonnage" means (subject to clause 11.1(b)) (in relation to each Member and each Obligation Year) the maximum number of PRNs which Valpak is permitted under the Regulations to offset against such Member's Producer Responsibility Obligations; "Qualifying PRN" means (in relation to each Obligation Year) any Eligible PRN that t he M ember agr ees t o obt ai n and del i v er ( f r ee of c har ge) t o V al pak pur s uant t o and i n ac c or danc e wi t h t hi s M C E P and eac h Statement (as may be amended from time to time in accordance with this MCEP);