Examples of PTL Licence in a sentence
For the purposes of the PTL Licence, the Licensees OS Revenues Share for PTL is the Transporter’s Moffat Share.
For the purposes of the PTL Licence, the Licensees OS Revenues Share for PTL is the sum of its shares of the TSO’s Aggregate Moffat Share as described in 6.7.5 (a) and (b) and (c) above.
We assume that each DPO’s Code Modification rules will reflect differences between the DPO’s Licence and the PTL Licence.
A copy of the PTL Licence can be obtained at a cost of £10 from Ofreg at Brookmount Buildings, 42 Fountain Street, Belfast.
The cost of such audit and effecting such remedial measures shall be treated as an Eligible Pass-Through Cost in accordance with the PTL Licence, the WTL Licence and the BGTL Licence or an Unforeseen Operating Expenditure in accordance with the GNI (UK) Licence as the context requires.
We refer to the section p4 of the NIAER document In order to permit PTL and TNI to proceed with developing the proposed transaction and related financing, in April 2004 the Authority authorised an amendment to the PTL Licence, to permit it to pass through all costs, fees and expenses reasonably and properly incurred by TNI, PTL and their respective advisers, in developing and implementing the proposed transaction as approved by the Authority.
The Relevant Objective, (condition 2.4 of the PTL Licence) will be better facilitated by the Licensee’s Network Code as a result of this modification.
For the purposes of the PTL Licence, the Licensees OS Revenues Share for PTL is thePTL Transporter’s Moffat Share.
For the purposes of the PTL Licence, the Licensees OS Revenues Share for PTL is the PTLTransporter’s Moffat Share.
The Authority will also issue a comfort letter to PTL and the financiers in terms to be agreed, addressing certain matters, including: − consultation with PTL prior to proposing any modifications to the PTL licence;− consideration of any eventual application for a new conveyance licence for the SNIP network by a person nominated by the security trustee under the financing in the event of a revocation of the PTL Licence or other default under the financing.