Operating Margins Purposes definition

Operating Margins Purposes has the meaning given in paragraph 1.1.2 of Section K of the Transportation Principal Document of the Network Code;
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Operating Margins Purposes shall have the meaning given in the Network Code; "Party" means either party to this Agreement and its successors and permitted assigns;
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Examples of Operating Margins Purposes in a sentence

  • Where (by virtue of being a Shrinkage Provider or for Operating Margins Purposes or otherwise) the Transporter is party to an agreement pursuant to which a person is appointed as User Agent pursuant to paragraph 2.2.1, no provision of such agreement and nothing done by the Transporter pursuant to such agreement shall modify or take effect as a waiver of any provision of the Code.

  • Where National Grid NTS (as Storage User) has agreed (pursuant to the relevant Storage Connection Agreement or the relevant Storage Terms) with the Storage Operator, for Operating Margins Purposes terms and conditions for the provision of storage services which differ from the published standard Storage Terms applying to other Storage Users, copies of any such agreed differences shall be made available to Users on request.

  • The restrictions under this paragraph 5.4 applying to late injections do not apply to NTS for Operating Margins Purposes.

  • The economic viability of company will be determined based on whether it is capable of fulfilling the strict permit conditions and the financial assurance requirements.

  • National Grid NTS will not take Market Balancing Actions for Operating Margins Purposes.

  • For the purposes of Section R4, no Constrained Storage Renomination may be made for withdrawal of gas-in-storage held by National Grid NTS for Operating Margins Purposes.

  • For the purposes of this Section K, references to a “Relevant System Manager” unless otherwise expressly stated shall mean National Grid NTS acting for Operating Margins Purposes.

  • The withdrawal of gas from a surplus Operating Margins Facility as Carry-Across Gas shall not be treated as utilisation of such gas for Operating Margins Purposes, and such gas shall not be treated as withdrawn for Operating Margins Purposes for the purposes of paragraphs 4.3.1 and 4.3.2.

  • National Grid NTS may apply for and be registered as holding Operating Margins Capacity in respect of the amounts (when aggregated with those amounts subject to Operating Margins Gas Delivery Arrangements) as National Grid NTS deems is reasonably required for Operating Margins Purposes under paragraph 2.2.1(c), together with such amounts of Operating Margins Injectability as National Grid NTS may deem necessary.

  • National Grid NTS may procure delivery of gas for Operating Margins Purposes and on behalf of the NTS Shrinkage Provider and/or another Relevant System Manager on an integrated basis; but National Grid NTS shall in any event maintain separate records of the quantities of deliveries of gas procured for Operating Margins Purposes and for the NTS Shrinkage Provider and/or another Relevant System Manager.

Related to Operating Margins Purposes

  • Operating Margin means the incremental adjustments, measured in megawatts, required in PJM Region operations in order to accommodate, on a first contingency basis, an operating contingency in the PJM Region resulting from operations in an interconnected Control Area. Such adjustments may result in constraints causing Transmission Congestion Charges, or may result in Ancillary Services charges pursuant to the PJM Tariff. Operating Margin Customer:

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Return on Invested Capital for a period shall mean earnings before interest, taxes, depreciation and amortization divided by the difference of total assets less non-interest bearing current liabilities.

  • Gross Margin With respect to each Adjustable Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Mortgage Loan.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Buyer’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Buyer’s Margin Percentage to the Repurchase Price for such Transaction as of such date;

  • Retail margin means an amount, reflecting differences in

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Return on Assets means the percentage equal to the Company’s or a business unit’s Operating Income before incentive compensation, divided by average net Company or business unit, as applicable, assets, determined in accordance with generally accepted accounting principles.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Buyer’s Margin Percentage For any Purchased Asset as of any date, the percentage equivalent of the quotient obtained by dividing (a) one (1) by (b) the Applicable Percentage used to calculate the Purchase Price on the related Purchase Date.

  • Market Share means the percent of sales of the total available market in an industry, product line or product attained by the Company or one of its business units during a time period.

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • net non-operating income means the difference between:

  • Target Net Working Capital Amount means $0.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.