OFTO definition

OFTO means the holder of an offshore transmission licence granted or treated as granted pursuant to section 6(1)(b) of the EA 1989, acting in that capacity;
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OFTO means the holder of an Offshore Transmission Licence;
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OFTO means the owner of an Offshore Transmission System and the holder of a related Offshore Transmission Licence;
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Examples of OFTO in a sentence

  • Within three weeks of receipt the Transmission Company or the OFTO (as applicable) shall execute the Lease (in duplicate) and shall deliver them to the Landlords.

  • The Transmission Company acknowledges that if the Transmission Company or the OFTO applies to register the Lease in the Land Register of Scotland the Keeper may qualify his indemnity statement in the Land Certificate in terms of Section 12(2) of the Land Registration (Scotland) Act 1979 and the Transmission Company or the OFTO shall accept any such qualification in such terms as the Keeper may determine.

  • If any affected Trust Mortgage Loan is to be repurchased by reason of a Material Breach or a Material Defect with respect thereto, the Master Servicer shall designate the Collection Account as the account into which funds in the amount of the Purchase Price are to be deposited by wire transfer.

  • Within three weeks thereafter the Landlords shall execute and shall deliver one duplicate of the Lease to the Transmission Company or the OFTO (as applicable).

  • The Recipient Secured Creditors are hereby notified that a STID Proposal (the STID Proposal) dated 2018 from Greater ▇▇▇▇▇▇▇ OFTO plc (the Issuer) has been delivered to us as Security Trustee in accordance with the provisions of the security trust and intercreditor deed dated 26 November 2013 between, among others, the Issuer and the Security Trustee (the STID).

  • If applicable, following a Cable Route being approved by the Landlord in terms of Clause 8 (for the relevant Phase if applicable), the Landlord shall enter into an OFTO Agreement with an OFTO to permit the installation, laying, maintenance and operation of the Supply Cables, subject to such terms and conditions reasonably required by the Landlord and provided that the use permitted by the OFTO Agreement is consistent with all other current and future uses of the seabed the subject of the OFTO Agreement.

  • Until such time as the Lease is fully executed, the terms of the said draft Lease will have full force and effect as if it were a validly executed Lease except insofar as amended by this Agreement as from the Completion Date and the Landlord and Transmission Company or the OFTO shall each be bound by the whole obligations and conditions contained in the said draft lease notwithstanding that the Lease has not been executed by the parties.


More Definitions of OFTO

OFTO means the offshore transmission owner or owners appointed and licensed by the Gas and Electricity Markets Authority (or any successor Authority) to acquire and own the Supply Cables and ancillary equipment forming part of the offshore electricity transmission system
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OFTO means the offshore transmission licence holder appointed by the Gas and Electricity Markets Authority (as created pursuant to Section 1 of the Utilities ▇▇▇ ▇▇▇▇ or any successor authority thereto) pursuant to a tender process governed by regulations made under Section 6C of the Electricity ▇▇▇ ▇▇▇▇ as amended;
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Related to OFTO

  • Catechumen means a member of the catechumenate of a Catholic Church. This will normally be evidenced by a certificate of reception into the order of catechumens.

  • Project Management The individuals appointed by each Party cf. clause 4.1 in the Agreement.

  • Schengen area means the area without internal borders comprising the territories of the Member States as defined in point (a) applying the Schengen acquis in full.

  • BEO means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. ▇▇▇’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.

  • Seaplane means a fixed wing aircraft which is designed for taking off and landing on water and includes amphibians operated as seaplanes;