relevant asset definition

relevant asset means any part of the Network operated from time to time

relevant asset means any part of the Network and any gas meter

relevant asset means any material asset which is necessary to enable the Licensee to undertake the Licensed Activities in accordance with the provisions of the Sector Law and this Licence and which at the relevant time forms part of the Production Facilities owned and operated by the Licensee, including any interest in land upon which any such asset is situated.

Examples of relevant asset in a sentence

• Therefore, fractions of the Relevant Asset or of each of the Relevant Assets, as the case may be, will not be delivered and no cash adjustment will be made in respect thereof.

• Notes held by the same Noteholder will be aggregated for the purpose of determining the aggregate Asset Amount in respect of such Notes, provided that, the aggregate Asset Amount in respect of the same Noteholder will be rounded down to the nearest whole unit of the Relevant Asset or each of the Relevant Assets, as the case may be, in such manner as the Calculation Agent shall determine.

• For the avoidance of doubt, the Company may adjust any quotation, value or price obtained or determined in accordance with Clauses 17.1.1 to 17.1.5 to reflect the fact that the amount of the Relevant Asset being Valued in accordance with Clause 17.1 is unusually large or unusually small for such Asset in the relevant market, or where different quotations have been received in smaller amounts to produce an aggregate equivalent to the amount of the Relevant Asset.

• The respective businesses and operations of the Related Refinery Owner and Relevant Asset Owner will be managed and conducted by them, as independent companies, and each shall act and conduct its business and operations independently wherever possible.

• The Related Refinery Owner and the Relevant Asset Owner shall meet in good faith to resolve any Dispute relating to the final accounting as expeditiously as possible.

More Definitions of relevant asset

relevant asset means any asset for the time being forming part of the licensee's distribution system, any control centre for use in conjunction therewith, and any legal or beneficial interest in land upon which any of the foregoing is situate (which for the purposes of property located in Scotland means any estate, interest, servitude or other heritable or leasehold right in or over land including any leasehold interests or other rights to occupy or use and any contractual or personal rights relating to such property or the acquisition thereof).

relevant asset means any asset for the time being forming part of the Licensee's Distribution System, any control centre for use in conjunction therewith and any legal or beneficial interest in land upon which any of the foregoing is situate.

relevant asset means any relevant demand facility, relevant power generating module, or relevant grid element partaking in the outage coordination;

relevant asset means any asset which is necessary to enable the Licensee to undertake the Licensed Activities in accordance with the provisions of the Sector Law and this Licence, including any interest in land upon which any such asset is situated.

relevant asset means each tangible asset held on the fixed asset register within the underlying books and records of each Reporting Group Entity that:

relevant asset means any asset which is necessary to enable the Licensee to undertake the Licensed Activities in accordance with the provisions of the Sector Law and this Licence and shall include Power Purchase Agreements, Power and Water Purchase Agreements and contracts for Ancillary Services.

relevant asset means any electric line or electric plant for the time being forming part of the Licensee’s Distribution System, any control centre for use in conjunction therewith and any legal or beneficial interest in land upon which any of the foregoing is situated. Condition 19: Economic purchasing of goods, assets and services