Physical Gas definition

Physical Gas means any Product for which the terms require the Seller to make available for delivery, and the Buyer to accept, a specified quantity of gas at a specified point.
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Physical Gas means any Product for which the terms require the Seller to make available for delivery, and the Buyer to accept, a specified quantity of gas at a specified point, and includes a Location Swap. Physical Gas Amount is defined in clause 17.3. Pre-matched Trade is a Transaction formed in accordance with clause 13.2. Premium Product is defined in clause 12.1. Pre-opening Period means the 30 minute period immediately before the start of Trading Hours each day and, if the operation of the Trading System is suspended during Trading Hours, the 30 minute period starting at the time the Operator lifts the suspension under clause 11.2.
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Examples of Physical Gas in a sentence

  • Note: Location Swap Transactions are Physical Gas Transactions for the purposes of this agreement.

  • The term ‘Exemption Regulations’ means regulations made under the Corporations Act or other regulatory instrument that have the effect that neither the Operator nor Trading Participants are required to obtain a licence under Chapter 7 of the Corporations Act to exercise their rights and perform their obligations under this agreement in respect of Transactions for Physical Gas Products where Delivery Netting applies.

  • Delivery Period For Physical Gas, the period over which the delivery of the Commodity is to take place, as specified in the Order or, for a Pre-matched Trade or Broker Pre-matched Trade, as specified in the details submitted and confirmed for the Pre-matched Trade or Broker Pre-matched Trade and includes a Custom Delivery Period.

  • Physical Gas Amount An amount payable in respect of a Gas Day, representing the Transaction Price multiplied by the Transaction Quantity under all Physical Gas Transactions for which the Delivery Period includes all or part of that Gas Day, where the Trading Participant is the Buyer (in which case the amount is payable by the Trading Participant to the Operator) or the Seller (in which case the amount is payable by the Operator to the Trading Participant).

  • For a Balance-of-Day Physical Gas Product, the number of Units of Commodity to be delivered during each hour in the Delivery Period.

  • The role of delivery representatives is to communicate with the Operator and other Trading Participants on behalf of the Trading Participant about matters relating to the delivery or acceptance of Physical Gas or other goods or services under a Transaction.

  • The Settlement Amount for a Market Participant for a Billing Period is to be calculated as the amount payable by the Operator to the Market Participant, or by the Market Participant to the Operator, after aggregating and netting its Physical Gas Amounts, Reallocation Amounts, Delivery Variance Amounts, Offset Amounts, Close Out Amounts and Exchange Fees for each Gas Day in the Billing Period, and any other amounts payable by or to that Market Participant in relation to the Exchange for the Billing Period.

  • This clause 14.6 does not apply to Physical Gas Transactions in respect of a Delivery Point at a gas storage facility.

  • This clause 14.5.4 does not apply to Physical Gas Transactions in respect of a Delivery Point at a gas storage facility.

  • ENA and AEPESI have entered into that certain Base Contract for Short-Term Sale and Purchase of Natural Gas (GISB) dated as of November 1, 1998 (as the same may have been or may be amended, restated, supplemented, or otherwise modified from time to time, and including all Transactions, schedules, annexes, and confirmations thereunder, the "Physical Gas Master Agreement").

Related to Physical Gas

  • Physical Escort means the temporary touching or holding the hand, wrist, arm, shoulder, or back of a student who is acting out for the purpose of inducing the student to walk to a safe location.

  • Physical harm means bodily injury, impairment, or disease.

  • Physical Assets means equity securities, debt securities, fixed income securities and units in exchanged traded funds.

  • Physical abuse means any physical injury, mental injury, or threatened injury, inflicted by a person responsible for the child’s care other than by accidental means; or any physical or mental injury that cannot reasonably be explained by the child’s history of injuries or any aversive or deprivation procedures, or regulated interventions, that have not been authorized by Minn. Stat. § 125A.0942 or § 245.825.

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.