CAPACITY COMMITMENTS Sample Clauses
The Capacity Commitments clause defines the obligations of a party to provide or reserve a specified level of resources, services, or production output over a set period. In practice, this clause may require a supplier to guarantee the availability of a certain quantity of goods or a service provider to maintain a minimum level of operational capacity, regardless of fluctuations in demand. Its core function is to ensure reliability and predictability in supply or service delivery, thereby reducing the risk of shortages or service interruptions for the receiving party.
CAPACITY COMMITMENTS. 6.1 The maximum daily capacities committed by the User corresponding to each of the National Grid Entry Points, National Grid Exit Points and Regional Transport Grid Redelivery Points, and more generally the transport capacity commitments (quantity and term) under the Contract are those to be established due to and after having completed one or more capacity booking or transaction processes as outlined in chapters 5 and 7 of the Grid Code, the results of which shall constitute an integral part of this Contract.
6.2 In respect of Redelivery Points whose available capacity is equivalent to the transport capacity under the reference conditions, as shown by the most recent monthly publication on the Snam Rete Gas website, the User acknowledges that Snam Rete Gas is entitled to alter its combination of physical redelivery points interconnected downstream.
6.3 The User undertakes to put in place – also in dealings with its own end customers – all the activities and initiatives required and/or necessary in order to ensure perfect usability of the transport service offered by the carrier on its own methane pipeline grid, expressly recognizing as of now that Snam Rete Gas is excluded from any and all responsibility in respect of any failure to effect the transport service under this Contract due to facts which cannot be directly attributed to Snam Rete Gas itself.
CAPACITY COMMITMENTS. ▇▇▇▇▇▇ agrees: (i) to reserve for the benefit of and dedicate to TIMET or its designee(s) adequate capacity at the Mill and the other Operating Assets necessary to provide the Titanium Conversion Services in accordance with and subject to all terms of the Conversion Agreement, including the Maximum Monthly Volume and the Maximum Annual Volume (as each such term is defined in the Conversion Agreement); and (ii) not to engage in any activity or transaction that is prohibited by Section 11.1 of the Conversion Agreement (as such term may be amended by the Non-Compete Amendment (as defined in the Conversion Agreement)).
CAPACITY COMMITMENTS. Transporter determines, in its sole discretion, that the capacity commitments of Shipper and other shippers, reflected in FTSAs executed by Shipper and shippers (in accordance with Section III(b)), are sufficient to proceed with construction of the APP U.S. Facilities.
CAPACITY COMMITMENTS. The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying as of the date hereof (i) the aggregate amount of Capacity Payments received to date and the aggregate amount of Capacity sold in respect thereof (on a Segment by Segment basis), (ii) the aggregate amount of Capacity Payments outstanding, the date such Capacity Payments become due and payable, each PTT obligated therefor, the amount of Capacity purchased by such PTT, the relevant Segments and correspondents and the purchase price therefor and (iii) such other information as is set forth on Schedule 1.1(c).