Examples of Relevant Term in a sentence
Expected changes in the Port’s capacity utilisation during the Relevant Term may impact on PNO’s incentives to provide access.
For instance, if the Port is likely to become capacity constrained over the Relevant Term, it may have altered incentives to provide access to certain types of users (such as those that are likely to generate higher levels of profit for it), or to price discriminate between them.
In contrast, where the Port is unlikely to be capacity constrained over the Relevant Term, it is unlikely to have an incentive to deny access, or provide preferential treatment, to particular categories of users.
Where, following the Default of a RepoClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a RepoClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Relevant Term £GC Contracts and Account Balances to that appointed Backup Clearing Member.
Based on the information before it, the Council considers that the Port could likely meet the total foreseeable demand in the market in the Relevant Term and at the least cost compared to any two or more facilities.