Pooling and Settlement Agreement definition
Examples of Pooling and Settlement Agreement in a sentence
Each User consents to NGC having access to and copies of all meter readings taken from Energy Metering Equipment pursuant to the Pooling and Settlement Agreement in any Financial Year for the purposes of calculating Connection Charges and Use of System Charges due from Users or for the purpose of operating the NGC Transmission System.
The relationship between the Parties with respect to Energy Metering Equipment shall be regulated in accordance with the Pooling and Settlement Agreement.
Unless the context otherwise requires, words and expressions defined in the Pooling and Settlement Agreement shall bear the same meanings respectively when used herein.
Notwithstanding the provisions of Sub-Clause 9.2, if any fact or matter set out in the Monthly Statement shall be inconsistent with any fact or matter set out in a final run of the Settlement calculation issued by the Settlement System Administrator under the Pooling and Settlement Agreement, the facts and matters set out in the Settlement calculation or which, following a dispute, it is found or agreed should be there set out shall be binding upon both Parties.
Should any dispute or disagreement under this Clause concern the same facts and matters as a dispute or disagreement under the Settlement calculation procedures set out in the Pooling and Settlement Agreement the outcome of the dispute or disagreement under the Pooling and Settlement Agreement shall be binding upon the Parties in relation to the dispute or disagreement under this Agreement.