SAP Operator definition

SAP Operator means the vehicle of cooperation providing the SAP Tasks on behalf of all TSOs, in particular the operation of the SAP;
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Examples of SAP Operator in a sentence

  • The SAP Operator shall send a confirmation of registration to the new Registered Participant and, amongst other, open a Business Account dedicated to the Registered Participant where applicable and handle and assess the compliance of the provided Collateral by the Registered Participant.

  • The SAP Operator shall monitor the compliance of the Registered Participants with all the requirements under the provisions of the HAR.

  • The specific characteristics for each Auction, if applicable, are also published on the SAP Operator website in due time.

  • The SAP Operator shall enter into agreements with the Registered Participants on behalf of the TSOs but in its own name, covering the commitment of the Registered Participants to comply with the HAR.

  • When applicable to the SAP Tasks, the SAP Operator will handle the preparation and conduct of the Auctions, management of transfer registration and return registration of the allocated transmission rights, the settlement of payments and other supportive tasks, as specified in detail by the HAR.

  • SAP Operator undertakes towards the TSOs to comply strictly with the provisions of the Participation and/or Financial Agreement.

  • The TSOs or a third party designated by the TSOs shall inform the SAP Operator in due time of the available long-term cross-zonal transmission capacity or net transmission capacity for the respective Auctions on their respective Allocation Borders for each interconnection, in accordance with the HAR and the Operational Procedures related thereto.

  • The SAP Operator shall enable Bids’ submission including default Bids in accordance with the HAR and in accordance with the Information System Rules of the Auction Tool.

  • As the case may be, and according to the HAR, shall a Registered Participant fail to pay its debt or part of it in due time, the SAP Operator shall trigger the Collateral in order to retrieve payment.

  • The SAP Operator shall ensure that the Bids that are not submitted in the required format will not be taken into account.

Related to SAP Operator

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • Non-Operator means a Party other than the Operator;

  • Network Operator means a person licensed to convey gas under Article

  • train operator means any person who is authorised to act as the operator of a train by a licence under section 8 of the Railways Act 1993.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.