REC Party definition

REC Party means each 'Party' under and as defined in the Retail Energy Code. 1.2 Save as otherwise defined in this Access Agreement, the words and expressions used in this Access Agreement shall be interpreted on an Equivalent Basis in accordance with the definitions and provisions regarding interpretation set out in the Retail Energy Code. 1.3 Reference in this Access Agreement to a REC Schedule includes reference to the other parts of the Retail Energy Code referred to in that REC Schedule.
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REC Party means each 'Party' under and as defined in the Retail Energy Code.
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REC Party means any person who is a "Party" (as such term is defined in the REC) to the REC and "REC Parties" shall be construed accordingly;
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Examples of REC Party in a sentence

  • The Licensee must also (subject to paragraph 16.30) give a copy of the statement of its Procurement Strategy for Relevant Service Capability (or the most recent revision of it) to any SEC Party or REC Party who requests a copy.

  • Llety â chymorth3 Contract safonol sy’n ymwneud â llety â chymorth.

  • Using the assumptions stated above and reading across the table from the number 35, you will find that you had saved $50,939 at age 60.

  • If you are not a REC Party and do not intend to become a REC Party, you will need to sign an Access Agreement for those REC Services you are requesting access for and you will be sent an Access Agreement by the Code Manager on the REC Portal to sign and return.

  • In such circumstances, the REC Party or REC Service Provider shall be informed of the PAB meeting at which the matter is to be determined and shall be entitled to submit representations to the PAB and/or attend that the PAB meeting for that item of business only.

  • The Code Manager shall, in relation to each REC Party, determine (in accordance with the Performance Assurance Methodology) which Retail Risks in the Risk Register are material (based on class materiality and individual materiality), and the Performance Assurance Techniques to be applied (and the manner in which they are to be applied) in relation to each such party in respect of each such Retail Risk (a "Risk Management Determination").

  • Where the Code Manager becomes aware of a change in the circumstances of a REC Party or REC Service Provider, or of circumstances which the Code Manager was not previously aware in relation to the Risk Management Determination of a REC Party or REC Service Provider, the Code Manager shall be entitled to make a revised Risk Management Determination as it considers appropriate.

  • Where a REC Party or REC Service Provider disagrees with the contents of a Risk Management Determination which applies to it, and either cannot come to an agreement with the Code Manager on a suitable revision to it, either the REC Party/REC Service Provider or the Code Manager may refer the matter to the PAB for determination.

  • The form of derogation may include a full derogation from the relevant provision or the setting to zero of any liability payment that would otherwise apply to the REC Party.

  • President Dent recognized Catherine Gray, a member of the public.


More Definitions of REC Party

REC Party has the meaning given in the DCC Licence and "REC Parties" shall be construed accordingly.
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Related to REC Party

  • Recipient Party has the meaning set forth in Section 14.3(a).

  • Assisting Party means a party that provides assistance pursuant to this Agreement during an emergency or disaster.

  • FOIA Party means a Person that, in the reasonable determination of the Board of Directors, may be subject to, and thereby required to disclose non-public information furnished by or relating to the Company under, the Freedom of Information Act, 5 U.S.C. 552 (“FOIA”), any state public records access law, any state or other jurisdiction’s laws similar in intent or effect to FOIA, or any other similar statutory or regulatory requirement.

  • Originating Party means the Party, including any entity which provides Classified Information in accordance with the laws and regulations in force in its state;

  • Respondent Party has the meaning set forth in Section 7.6(b).

  • Third-Party Lender means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Defending Party has the meaning set forth in Section 14.2.3.

  • Designated Party means any person listed:

  • Supplying Party shall have the meaning stated in Section 35.8.2.

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;

  • Aggrieved party means a party entitled to pursue a remedy.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • Indemnifying Party shall have the meaning set forth in Section 5(c).

  • Buyer Party means each of (i) the Buyer and (ii) each Affiliate of the Buyer that is a party to a Transaction Agreement.

  • Programme Party means a party to a Programme Document (other than the Issuer and ETP Securityholders).

  • Prosecuting Party has the meaning set forth in Section 6.2(c).

  • Lending Party means a third party that is not Issuer or an affiliate of Issuer that Dealer considers to be an acceptable counterparty (acting in good faith and in a reasonable manner in light of (x) other transactions that Dealer (or its agent or affiliate) may have entered into with such party and (y) any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Dealer, but so long as such requirements or related policies and procedures are similarly applicable to transactions similar to the Transaction and consistently applied) that apply generally to transactions of a nature and kind similar to the transactions contemplated with such party);

  • Enforcing Party In connection with any Repurchase Request, (i) in the event one or more Requesting Certificateholders or Consultation Requesting Certificateholders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Requesting Certificateholder(s) and/or Consultation Requesting Certificateholder(s), or (ii) in all other cases, the Enforcing Servicer.

  • Party or “Parties” has the meaning set forth in the Preamble.

  • Providing Party has the meaning set forth in Section 11.

  • Political party means an organization of registered voters that has qualified to

  • Relevant Party means each Loan Party and Sponsor (and, collectively “Relevant Parties”).

  • Opposing Party means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Xxxxxxxx has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Xxxxxx’s judgment, could result in forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx’s judgment, precludes forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Xxxxxx’s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Purchasing Party means a Party purchasing an Offered Service.