Notional Welded Point definition

Notional Welded Point means each of the Trading Hub Receipt Point and the Trading Hub Delivery Point.
Sample 1Sample 2Sample 3
Notional Welded Point means each of the Trading Hub Receipt Point and the Trading Hub Delivery Point. “OBA Principles” mean the principles of an OBA.
Sample 1

Examples of Notional Welded Point in a sentence

  • The Daily Operational Imbalance Limit at each Notional Welded Point shall be zero.

  • Notwithstanding any other provision of this Operating Code, MDL shall not deliver, and a Shipper shall not request MDL to deliver, any quantity of Gas to or from a Notional Welded Point unless that Notional Welded Point is at the relevant time registered on the MDL IX as included in that Shipper’s TSA.

  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the Trading Hub Delivery Point and the Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity for that Day.

  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the applicable Trading Hub Delivery Point and the corresponding Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity of that Notional Welded Point for that Day.

  • Notwithstanding any other provision of this Operating Code, TSP shall not deliver, and a Shipper shall not request TSP to deliver, any quantity of Gas to or from a Notional Welded Point unless that Notional Welded Point is at the relevant time registered on the TSP IX as included in that Shipper’s TSA.

  • Notwithstanding any other provision of this Operating Code, MDL shall not deliver, and a Shipper shall not request MDL to deliver, any quantity of Gas to or from a Notional Welded Point unless that Notional Welded Point is at the relevant time registered on the MDL IX as included in that Shipper‟s TSA.

  • This involved the trading market operator signing a Gas Transfer Agreement (GTA) which specifies how a Gas Transfer Agent is to reconcile settled trades.From the perspective of a prospective market operator, Vector’s approach allows for significantly simpler initial set-up arrangements, requiring much less negotiation (GTA’s are standardised, simple, well established, relatively short contracts, whereas Notional Welded Point ICA’s are somewhat customised, complex, new, and relatively long contracts).

  • However, it should be recorded that the main element used to enable the market on the Maui pipeline – the Notional Welded Point ICA – is complex and new, whereas the main element used to enable the market on the Vector pipeline – the GTA – is simple and standard.

  • With the market established, Maui shippers need to nominate flows in and out of the Notional Welded Point to match their settled trades.

  • A Notional Welded Point is where gas is received from and delivered to a gas trading location, known as a Notional Welded Party.A party transporting gas through the Maui pipeline is known as a Shipper and is party to a TSA with the TSP incorporating the terms of the MPOC.

Related to Notional Welded Point

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  • Class A-S Component The Component having such designation.

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  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Residual disinfectant concentration means the concentration of disinfectant measured in mg/L in a representative sample of water.

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  • Notional Total Profit with respect to any number of shares as to which Grantee may propose to exercise this Option shall be the Total Profit determined as of the date of such proposed exercise assuming that this Option were exercised on such date for such number of shares and assuming that such shares, together with all other Option Shares held by Grantee and its affiliates as of such date, were sold for cash at the closing market price for the Common Stock as of the close of business on the preceding trading day (less customary brokerage commissions).

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  • Uncertificated REMIC 1 Pass-Through Rate With respect to REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest LT1A1, REMIC 1 Regular Interest LT1A1A, REMIC 1 Regular Interest LT1A2, REMIC 1 Regular Interexx XX0X0, XXXXX 1 Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular Interest LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1ZZ, REMIC 1 Regular Interest LT1SUB, REMIC 1 Regular Interest LT2SUB and REMIC 1 Regular Interest LT1XX, the Weighted Average Net Mortgage Rate of the Mortgage Loans. With respect to REMIC 1 Regular Interest LT1GRP, the Weighted Average Net Mortgage Rate of the Group 1 Mortgage Loans. With respect REMIC 1 Regular Interest LT2GRP, the Weighted Average Net Mortgage Interest Rate of the Group 2 Mortgage Loans.

  • H-point means the pivot centre of the torso and thigh of the H-point machine when installed in a vehicle seat in accordance with Annex 12. Once determined in accordance with the procedure described in Annex 12, the "H" point is considered fixed in relation to the seat-cushion structure and is considered to move with it when the seat is adjusted.

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  • SFTR means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

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