Net Financial Effect definition

Net Financial Effect means the net effect in financial terms of a Material Change on QR Network in relation to performing its obligations or exercising its rights under this Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QR Network shall, to the extent that change affects the financial position of QR Network, be deemed to be an additional cost to QR Network of performing its obligations under this Agreement.

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Net Financial Effect means the net effect in financial terms of a Material Change on Aurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network shall, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or the End User’s Access Agreement.

Net Financial Effect means the net effect in financial terms of a Material Change on Aurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or a Train Operations Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Aurizon Network shall, to the extent that change affects the financial position of Aurizon Network, be deemed to be an additional cost to Aurizon Network of performing its obligations under this Agreement and/or a Train Operations Agreement.

Examples of Net Financial Effect in a sentence

This clause 18.2 does not apply where a Reference Tariff applies or in relation to a Material Change to the extent that the Net Financial Effect of that Material Change has been, or will be, removed as a result of: amendments to schedule 3 in accordance with clause 18.1; or the escalation or variation of Access Charge Inputs in accordance with this agreement.
Within five Business Days after Queensland Rail gives a notice under clause 18.2(b), the Access Holder and Queensland Rail must meet and negotiate, in good faith, adjustments to this agreement, including adjustments to the Access Charges, in order to remove as far as practicable the relevant Net Financial Effect and to put Queensland Rail in the position it would have been in had there been no Material Change.
If a Material Change occurs, then Queensland Rail must as soon as reasonably practicable notify the Access Holder giving details of the Net Financial Effect of that Material Change.
If a Material Change occurs, then Queensland Rail may must as soon as reasonably practicable notify the Operator Access Holder giving details of the Net Financial Effect of that Material Change.
Within 10 Business Days after receipt of a notice under item 2a above, ▇▇▇ and the Operator must meet and negotiate in good faith any appropriate adjustments to the Charges and any other amounts payable under this Agreement in order to remove, as far as practicable, the Net Financial Effect of the Material Change and return Arc to the position it would have been in had the Material Change not occurred.

More Definitions of Net Financial Effect

Net Financial Effect means the effect of a public service contract on costs incurred and revenues generated in dischar ging the public service obligations, taking account of revenue relating thereto kept by the railway undertaking performing the public service contract and a reasonable profit, calculated in accordance with point 2 of Annex to Regulation (EC) No 1370/2007.

Net Financial Effect means the net effect in financial terms of a Material Change on Queensland Rail in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to Queensland Rail shall, to the extent that change affects the financial position of Queensland Rail, be deemed to be an additional cost to Queensland Rail of performing its obligations under this Agreement and/or the End User’s Access Agreement.

Net Financial Effect means the net effect in financial terms of an Increased Costs Event on the costs incurred by the Seller in producing, processing, transporting or selling the Gas to be supplied under this Agreement, taking into account any offsetting benefit available to the Seller which is related to the Increased Costs Event. New Emissions Scheme means the introduction of a new Carbon Scheme that directly imposes a liability, cost or expense on the Seller in respect of the number of tonnes of potential greenhouse gas emissions (measured in the Relevant Substance) embodied in an amount of Gas supplied at the Delivery Point under this Agreement. NDQ or Nominated Daily Quantity means the quantity of Gas which the Buyer nominates in accordance with clause 9 for delivery to the Delivery Point on any Day but which cannot exceed on any Day the MDQ for that Day. Non-Defaulting Party means the Party which is not the Defaulting Party in respect of a Default. Nominations means nominations for the quantity of Gas to be delivered on any Day as given by the Buyer in accordance with clause 9. Notice has the meaning given in clause 26.1. Off-Specification Gas means gas which does not meet the Specification.

Net Financial Effect means the net effect in financial terms of a Change in Law on the costs of Aurizon performing its obligations or exercising its rights under this Agreement, including any offsetting benefits or adverse effects directly or indirectly connected to the Change in Law.

Net Financial Effect means the net effect in financial terms of a Material Change on QRAurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or a Train Operations Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QRAurizon Network shall, to the extent that change affects the financial position of QRAurizon Network, be deemed to be an additional cost to QRAurizon Network of performing its obligations under this Agreement and/or a Train Operations Agreement.

Net Financial Effect means the effect calculated in accordance with point 2 of the Annex to Regulation (EC) No 1370/2007.

Net Financial Effect means the net effect in financial terms of a Material Change on QRAurizon Network in relation to performing its obligations or exercising its rights under this Agreement and/or an End User’s Access Agreement including any offsetting benefits or adverse effects directly or indirectly connected to the Material Change. Any change in the funding from governments in respect of the Nominated Network which is adverse to QRAurizon Network shall, to the extent that change affects the financial position of QRAurizon Network, be deemed to be an additional cost to QRAurizon Network of performing its obligations under this Agreement and/or anthe End User’s Access Agreement.