Canadian Entitlement definition

Canadian Entitlement means the amount of energy and capacity that Rocky Reach and Rock Island are obligated to return to Bonneville Power Administration (BPA) in its capacity as the U.S. Entity for the account of the Canadian government to fulfill obligations under the U.S.-Canadian Columbia River Treaty of 1964, or successor treaty or international agreement, as defined in the Canadian Entitlement Allocation Extension Agreement.
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Canadian Entitlement means at any time the downstream power benefits to which Canada is then entitled as described in Articles V(1) and VII of the Columbia River Treaty;
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Canadian Entitlement means the amount of energy and capacity that the District is obligated to return to Bonneville Power Administration (BPA) in its capacity as the U.S. Entity for the account of the Canadian government to fulfill obligations under the U.S.-Canadian Columbia River Treaty of 1964, or successor treaty or international agreement, as defined in the Canadian Entitlement Allocation Extension Agreement.
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Examples of Canadian Entitlement in a sentence

  • The Purchaser’s residual reserves equals the Purchaser’s maximum generation limit minus the Purchaser’s aggregated schedules minus the Purchaser’s Canadian Entitlement obligation and any additional reserve obligations required by standards, District Business Practices, and District Slice Operating Instructions.

  • IV (3), VI (4), VI (5), XII, XIII, XVII.Upon termination of the Columbia River Treaty, the Canadian Entitlement would cease to exist, and the United States would retain any increases in U.S. downstream power benefits resulting from Canadian storage.

  • If the Columbia River Treaty is not terminated in 2024, Canada will continue to operate storage for downstream power and flood control benefits according to the AOPs, and the United States will continue to provide the Canadian Entitlement of half of all downstream power benefits.

  • Prior to the ratification of the Columbia River Treaty in 1964, a consortium of 37 public and four private utilities in the United States contracted to purchase the Canadian Entitlement for the 30 years following the scheduled completion date of the Mica, Duncan and Arrow Dams, agreeing to pay Canada an upfront lump sum of U.S. $254.4 million.

  • This Canadian Entitlement Energy schedule shall be supplied by the Purchaser’s Output and not from an alternate source.

  • Article V of the Columbia River Treaty instructs that Canada is entitled to one-half of the downstream power benefits under the Treaty (the Canadian Entitlement).

  • The operation of the Canadian dams pursuant to the Columbia River Treaty created additional power in the United States, with a sizeable portion of the Canadian Entitlement being sold to California.

  • If the Rocky Reach and Rock Island project obligations change due to the Canadian Entitlement Allocation Extension Agreement being revised, replaced, or terminated during the term of this Contract, Purchaser’s Canadian Entitlement obligation will become the average of the Purchaser’s pro-rata share of the Capacity and Energy requirements for the four years prior to the revision, replacement or termination of the Canadian Entitlement Allocation Extension Agreement.

  • BC Hydro has firm scheduling rights reserved on the US – BC intertie under its Network Integration Transmission Service for the return of energy under the Canadian Entitlement Agreement.

  • The Wells Project operates within the constraints of the Pacific Northwest Coordination Agreement, Canadian Treaty, Canadian Entitlement Agreement, Hourly Coordination Agreement, the Hanford Reach Fall Chinook Protection Program and the FERC regulatory and license requirements.


More Definitions of Canadian Entitlement

Canadian Entitlement. Canada was entitled to half of the downstream power generated.16 To coordinate both of these purposes, the treaty established a number of institutions that used forecast data to make water operations plans that control the flow of water from Canadian reservoirs to maximize downstream power production while ensuring protection from floods.17 The treaty does not permit water allocation decisions to be made on any basis other than flood prevention or power generation—including environmental reasons.18
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Related to Canadian Entitlement

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Securities Entitlement means the rights and property interests of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Entitlement Holder means the person named on the records of a Securities Intermediary as the person having a Securities Entitlement against the Securities Intermediary.

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Collateral Support means all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Letter-of-Credit Rights means "letter-of-credit rights" as such term is defined in the UCC, now owned or hereafter acquired by any Person, including rights to payment or performance under a letter of credit, whether or not such Person, as beneficiary, has demanded or is entitled to demand payment or performance.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Uncertificated Security shall have the meaning given such term in Section 8-102(a)(18) of the UCC.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Securities Intermediary The meaning specified in Section 8-102(a)(14) of the UCC.