WATC definition
WATC means the World Amateur Team Championships, which is the biennial amateur team championships for the Eisenhower Trophy (for men) and Espirito Santo Trophy (for women), for which the Bid Process is set out in these Rules.
WATC has the meaning assigned to that term in the preamble hereto.
WATC or “Weighted Average Transfer Costs” means the total weighted average cost, as calculated pursuant to Exhibit B for the type of Fuel that, during a particular month was (a) removed from Third-Party Storage inventory or (b) was removed from inventory at a Station and was on the inventory books of the Operating Company that was not the receiving Operating Company and, in the case of either (a) or (B) was transported to one or more Stations. WATC is used for the purposes of calculating the CAP (or allocation price similar to the CAP for Fuel other than coal), if applicable, and, with respect to Fuel that was in Third-Party Storage is without regard to which Operating Company possessed title to the Fuel while it remained in Third-Party Storage.
Examples of WATC in a sentence
Until a successor ▇▇▇▇▇▇▇▇▇▇ Administrator is appointed in accordance with this Article XIII, WATC is hereby appointed as, and ▇▇▇▇▇▇ accepts such appointment and agrees to perform the duties and obligations of, Collateral Administrator pursuant to the terms hereof and of the other Transaction Documents to which the Collateral Administrator is a party.
More Definitions of WATC
WATC has the meaning set forth in Exhibit A.1. “Weighted Average Cost of Inventory” or “WACI” means the weighted average cost of inventory for a particular Fuel that is stored at the Station or in Third-Party Storage, as applicable.