MEKH definition
Examples of MEKH in a sentence
Parties shall deem the content of ÁSZF annexed to the Code of Business Conduct approved by MEKH (HEPURA) to be the same as the usual contracting practice.
In such a case Parties will allocate 37,5% of such a capacity requested in Joint Application within this Open Season and the rest of such a capacity will be allocated outside the Open Season Procedure upon the approval of MEKH .
For the avoidance of doubt the rest of such a capacity, which allocation is depending on MEKH approval, will be not offered to third Parties unless the approval is denied.
The Parties shall deem the content of ÁSZF annexed to the Code of Business Conduct approved by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) to be the same as the usual contracting practice.
In case of a positive closing stock for the System User, MFGT shall be entitled to act according to Section 40 of MEKH Decree No. 1/2013 (Tariff Decree).
In case the total capacity requested by the Applicants does not exceed the level of Offered Capacity and the Parties received the Joint Application which capacity is higher than 37,5% of the Offered Capacity, its acceptance, allocation and contracting might be considered, however it is a subject to the consent of respective Hungarian Energy and Public Utility Regulatory Authority (hereinafter MEKH) .
Current Tariff Regulation is 1/2013 (VII.11.) and its modifications issued by MEKH (Hungarian Regulatory and Office).
The Contracting Parties agree that in any issues not regulated in this Contract they shall act in accordance with the prevailing BCC (ÜKSZ), and the applicable law, in particular the European Union regulations in force, the Gas Act and its implementing decree in force, Decree 8/2019 of MEKH, Resolution no.
H805/2019 of MEKH, as well as the price and rate decrees for natural gas industry services, the provisions of the valid Business Code of FGSZ Zrt., and the Civil Code of Hungary.