Calorific Value Sample Clauses

Calorific Value. The calorific value of the gas offtaken at Xxxx’x Xxxx shall be determined in accordance with the Uniform Network Code.
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Calorific Value. The Calorific Value of the gas offtaken from the System at CSPX and CSPY shall be determined by the TranscoNGG Equipment, and the Calorific Value of the gas offtaken from the System at CSPZ shall be determined by the BGE Equipment.
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Calorific Value. The Calorific Value of the gas offtaken from or delivered to the National Grid Gas System at the Interconnection Point shall be determined by the Gas Analysis Equipment.
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Calorific Value. 8.1. The calorific value of the gas offtaken at the Supply Meter Point and any Fuel Gas offtaken and any Auxiliary Gas offtaken shall be determined by the Process Gas Chromatograph, specified in Schedule 2 installed to National Grid Gas’s T/SP/ME/1, with Calorific Value determined to ISO 6976 and shall have a sample system compliant with ISO 10715.
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Calorific Value a) The price of the coal, as determined pursuant to article 7.1.1. through 7.1.9 shall be adjusted by adding thereto a
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Calorific Value. The generic SCA states, in the Gas Entry Conditions, that the calorific value (CV) of gas entering Transco’s system shall be within 0.5 MJ/m 3 of a target CV provided by Transco. Transco envisages that CV will be in the range 36.9 to 42.3 MJ/m 3. One connecting party has requested that Transco clarify whether the target CV is a normal level for all storage facilities or whether the CV might be altered on a daily basis. This company was concerned that the CV could be altered at Transco’s discretion and that additional administrative costs would fall on the storage operator. It noted that Transco was making no corresponding commitment as to the CV of gas arriving at the storage connection point. Consequently, the company has said that it would prefer to see a fixed CV specified. Transco has said that CV was likely to be a material issue if a storage facility was producing native gas. Transco also stated that withdrawing stored gas could have an impact on flow weighted average CV as the CV of shippers' gas in the system might vary on a seasonal basis. In any event, Transco has said that storage operators will be able to return gas that is outside the CV specification if it was “off-spec” when originally offtaken from Transco’s system. This would, of course, be subject to the Gas Safety (Management) Regulations and a facility’s ability to change the quality of gas.
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Calorific Value. Background In our November consultation document, we invited views on whether the calorific value (CV) regime should be based on a fixed minimum CV or a changeable range. We also sought views on what arrangements should be put in place in the event that gas outside GS(M)R specification was offtaken from Transco’s system and injected into store. Respondents’ Views Of the respondents that commented on this issue, the majority believed that the generic SCA should provide for a CV regime based on a changeable range. Only one respondent favoured a specified fixed minimum CV. One respondent noted that, whilst Annex C2 of the generic SCA includes an obligation to allow gas delivered to the storage facility out of specification to be returned to the system, the obligation was qualified by a proviso stating that Transco was not required to act in contravention of GS(M)R. This respondent was concerned that Xxxxxxx would use this clause to argue that it did not have to take the gas back. Another respondent said that, in the - presumably rare - event that “offspec gas” is either delivered into or evolves within a storage facility, Transco should discuss options with the Health and Safety Executive prior to any export operation being undertaken. This respondent believed that the generic SCA should refer explicitly to these discussions. Respondents generally believed that Transco should take a flexible approach where storage facilities are unable to affect the CV of gas entering and leaving Transco’s system. One suggested that, where a storage facility contains no native gas, Transco should be obliged to accept gas returned to the system with a CV within a tolerance range of + /-0.5 MJ/m3 of the weighted average CV of gas delivered to that facility from Transco’s system. If the CV of gas re-entering Transco’s system had a CV outside the tolerance it would fall to the storage operator to make appropriate arrangements with Transco, be they physical (enrichment or dilution) or commercial (payments to or from Transco). Where a facility did contain native gas, that respondent suggested that the tolerance range should be either as calculated at “non-native gas” sites or that which is permitted by Transco at substantial entry points elsewhere, whichever is the greater. In this way, Transco would not prevent a storage operator re-entering gas if that gas had a CV close to either the CV of the gas injected into the storage facility or close to the CV of gas accepted elsewhere on...
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Related to Calorific Value

  • Value The value of the Mortgaged Property at the time of origination of the related Mortgage Loan, such value being the lesser of (i) the value of such property set forth in an appraisal accepted by the applicable originator of the Mortgage Loan or (ii) the sales price of such property at the time of origination.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Book Value The value of an asset on the books of the Company, before allowance for depreciation or amortization.

  • Agreed Value 5 Agreement ...............................................................................................5 API......................................................................................................5 Assignee.................................................................................................5

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

  • Constant Net Asset Value If the Trust or any Series or Class holds itself out as a money market or stable value fund, the Trustees shall have the power to reduce the number of outstanding Shares of the Trust or such Series or Class by reducing the number of Shares in the account of each Shareholder on a pro rata basis, or to take such other measures as are not prohibited by the 1940 Act, so as to maintain the net asset value per share of the Trust or such Series or Class at a constant dollar amount.

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

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