Open Loop definition

Open Loop refers to a customer who Transfers RPCs to Approved Users.
View Source
Open Loop means redeemable at multiple, unaffiliated merchants for goods or services.
View Source
Open Loop refers to a customer who Transfers PPs to Approved Users.
View Source

Examples of Open Loop in a sentence

  • Owner’s obligation to pay liquidated damages under section 3.4(a) shall cease and the Cure Period shall end at the time the Vessel discharges regasified LNG at each of the Closed Loop ▇▇▇▇▇ Rate, the Combined Mode ▇▇▇▇▇ Rate and the Open Loop ▇▇▇▇▇ Rate as demonstrated in new ▇▇▇▇▇ Trials for such Deficient Mode.

  • In the event the use of neither the Commissioning Facility nor a Terminal Facility located in the Republic of Korea is arranged at least three (3) months prior to the Scheduled Delivery Date and ▇▇▇▇▇ Trials are not performed prior to delivery, Charterer shall have no right to reject the Vessel for any deficiency in the Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined Mode ▇▇▇▇▇ Rate.

  • In the Open Loop Mode, the Vessel shall be capable of discharging regasified LNG at an average rate of not less than ***** mmscf/d (the “Open Loop ▇▇▇▇▇ Rate”), with a pressure of ***** bar and a temperature of *****F (*****C) at the main deck isolation valve and a minimum sea water temperature of *****F (*****C).

  • Upon completion of such repairs, Charterer shall have the right to conduct ▇▇▇▇▇ Trials at a Terminal Facility or at an LNGRV Buoy as part of a voyage discharge and to re-adjust the Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined Mode ▇▇▇▇▇ Rate in accordance with the results of such ▇▇▇▇▇ Trials.

  • In such event, Owner shall have no liability for guaranteed regasified LNG discharge rates under section 16.3 until the Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined Mode ▇▇▇▇▇ Rate are established at ▇▇▇▇▇ Trials conducted at the discretion of Charterer.

  • If the Cure Rate of the Open Loop Mode is less than the Open Loop ▇▇▇▇▇ Rate, and Owner has paid Charterer the liquidated damages as provided in section 3.4(a), the Cure Rate of the Open Loop Mode shall become the Open Loop ▇▇▇▇▇ Rate; provided that the Open Loop ▇▇▇▇▇ Rate after adjustment shall not be less than the Test Rate for the Open Loop Mode or ***** mmscf/d, whichever is greater.

  • The Closed Loop ▇▇▇▇▇ Rate, the Open Loop ▇▇▇▇▇ Rate and the Combined ▇▇▇▇▇ Rate shall be adjusted according to the results of finalized ▇▇▇▇▇ Trials as conducted in accordance with the Building Contract, the Specifications and this Charter.

  • Thereafter, Customer bears the risk of loss, theft, damage or destruction from any cause whatsoever until Transfer to an Authorized User (in the case of an Open Loop Customer), or return to, or collection by, Tosca.

  • In the event ▇▇▇▇▇ Trials are not conducted prior to the end of seven hundred thirty (730) days after the Delivery Date, the Closed Loop Mode, the Open Loop Mode and the Combined Loop Mode shall be established and re-adjusted according to section 3.3(f) of this Charter.

  • Subject to Paragraph (i) of this Schedule 9, the FSRU shall be capable of operating in Open Loop Configuration when the seawater intake temperature is stable and greater than 13 degrees Celsius (the “Open Loop Temperature Limit”).


More Definitions of Open Loop

Open Loop means where an Acquiring Bank and/or card scheme is involved in the processing of the transaction.
View Source
Open Loop means a heat-exchange system that does not contain the heat-exchange fluid in a closed loop. These
View Source
Open Loop means an electronic payment service, facility or method capable of being used to pay for a comprehensive range of third party goods and services unrelated to each other and which is a Banking Service;
View Source
Open Loop means a heat-exchange system that does not contain the heat transfer fluid in a closed loop. Open loop systems pump water and then discharge it.
View Source
Open Loop means the operating mode where raw seawater is pumped through the Equipment and discharged into the sea with a minimum of processing. This is considered the standard operating mode for open sea operations subject to future changes in legislation.
View Source

Related to Open Loop

  • Open dump means a site on which any solid waste is placed, discharged, deposited, injected,

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Open Access means the non-discriminatory provision for the use of transmission lines or distribution system or associated facilities with such lines or system by any licensee or consumer or a person engaged in generation in accordance with the regulations specified by the Appropriate Commission;

  • Open burning means the combustion of any material without the following characteristics:

  • Half-value layer (HVL) means the thickness of specified material which attenuates the beam of radiation to an extent such that the exposure rate is reduced to one-half of its original value. In this definition the contribution of all scattered radiation, other than any which might be present initially in the beam concerned, is deemed to be excluded.