Receiving Participant definition

Receiving Participant means the Participant that is required to take delivery of the underlying commodity through the Settlement Facility.

Receiving Participant means the participant designated by the sending participant as the participant to whose RTGS account the amount specified in the relevant payment order shall be credited,

Receiving Participant means, in relation to a Delivery Quantity for Physical Gas: where Delivery Netting applies, the Trading Participant determined to be the Receiving Participant under clause 14.7; in the case of a Location Swap, the Buyer in relation to the Swap Delivery Point and the Seller in relation to the Swap Receipt Point; and otherwise, the Buyer under the relevant Transaction. Resulting Transaction is defined in clause 12.1.

Examples of Receiving Participant in a sentence

• As between the Receiving Participant and the Delivering Participant and for the purposes of this agreement, title to, risk in and control of all gas delivered in accordance with this agreement passes to the Receiving Participant that accepted delivery of that gas when that gas passes the Delivery Point.

• Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities (and, in the case of a Location Swap, any Net Swap Imbalance) in respect of a Gas Day, calculated in accordance with the Rules Methodology.

• Except as expressly set out in this agreement, each of the Receiving Participant and the Delivering Participant expressly disclaims, to the fullest extent permitted by law, any warranties, written or oral, express or implied, including without limitation any warranty as to quality, merchantability, or fitness for any particular purpose of any gas.

• The Receiving Participant has no obligation to accept delivery of gas at a pressure outside the pressure range specified for the Delivery Point.

More Definitions of Receiving Participant

Receiving Participant means the Participant receiving Wildfire Suppression Resources.

Receiving Participant means a Participant receiving Wildland Fire Management Resources under this Plan;

Receiving Participant means a system participant that receives a transaction from an originating participant;

Receiving Participant means in relation to a Transfer Quantity for Physical Capacity, the Trading Participant determined to be the Receiving Participant in accordance with clause 14A.3. Resulting Transaction is defined in clause 12.1. Revised Statement means the statement issued by the Operator under clause 18.4(a).

Receiving Participant means, with respect to any check, the participant that receives that payment through the Clearing house. This participant also may be referred to as the Paying Bank.

Receiving Participant means the Participant receiving Wildfire Suppression Resources. “Sending Participant” means the Participant furnishing Wildfire Suppression Resources. “Wildfire” means any forest, range, or xxxx fire.

Receiving Participant means the Participant to which Client Data is disclosed from another Participant through the SCA Network.