PSV System definition

PSV System means the IT platform for transactions for the purchase, sale and transfer of Natural Gas at the PSV, managed by Snam Rete Gas.
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Examples of PSV System in a sentence

  • In addition each Party represents and warrants that such Party shall only communicate to the other Party an Applicable Code at PSV that is such Party’s PSV code issued to it by SRG under the PSV Contract to operate on the PSV System.

  • The PSV TRADER indicates the persons authorised to operate in the PSV System by signing the appropriate form per Annex B to this Agreement.

  • The subject matter of the present Agreement is the access to, and the consequent utilisation of the PSV System by a PSV TRADER – as regulated by the present Agreement, by the Terms and by the Network Code – also in relation to the balancing service rendered by Snam Rete Gas and to the consequent allocation on the financial statements of the PSV TRADER of the net balance of the transaction it shall record with the PSV System if said net balance is different from zero.

  • The THIRD PARTY EXCHANGE shall indicate the persons authorised to access the PSV System in read-only mode by signing the form per Annex B to the present Agreement, updating it according to the procedures indicated in the Annex itself.

  • The THIRD PARTY EXCHANGE may access its own position of the PSV System in read-only mode.

  • The GME shall indicate the persons authorised to operate in the PSV System by signing the document attached to the Convention signed by GME and Snam Rete Gas, updating it according to the procedures indicated in the same Convention.

  • By the present agreement (hereafter the “Agreement”), the Parties intend to agree the terms and conditions that, subject to the meetings of the conditions precedent prescribed in Article 4 of the Agreement, shall regulate the access of the THIRD PARTY EXCHANGE to the PSV System also in relation to the balancing service that shall be rendered by Snam Rete Gas in favour of said THIRD PARTY EXCHANGE.

  • The subject matter of the present Agreement is the access to, and the consequent utilisation of the PSV System by a THIRD PARTY EXCHANGE – as regulated by the present Agreement, by the Terms and by the Network Code – also in relation to the balancing service rendered by Snam Rete Gas and to the consequent allocation on the financial statements of the THIRD PARTY EXCHANGE of the net balance of the transaction it shall record with the PSV System, through the GME, if said net balance is different from zero.