DAILY CAPACITY SUBSCRIPTION Sample Clauses

DAILY CAPACITY SUBSCRIPTION. Requests for daily subscriptions of Entry and Exit Capacity at Transport Storage Interface Points (PITS) for a given Day D must be submitted by the Shipper on Day D-1 between 2:00 p.m. (14:00) and 10:00 p.m. (22:00) via TRANS@ctions. The Shipper’s request is deemed to be equal to the difference between the Shipper’s Nomination and the sum of the Firm and Interruptible Daily Capacity subscribed by the Shipper at the Transport Storage Interface Point concerned for the gas flow direction in question, whether incoming or outgoing. The daily capacity allocated by GRTgaz to the Shipper is equal, within the limits of the Network’s capacity, respectively to the daily withdrawal and injection capacity allocated by the Storage Operator(s) under its daily capacity service, as a supplement to the corresponding annual capacity. Each Daily Entry Capacity and Daily Exit Capacity at a Transport Storage Interface Point specified in Appendix 2 to the Contract can be amended by GRTgaz on the basis of information provided by the Storage Operator(s). Clause 6 Reservation procedures for capacity and acces s t o Auxiliary Services‌
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DAILY CAPACITY SUBSCRIPTION. Requests for daily subscriptions of Entry and Exit Capacity at Transport Storage Interface Points (PITS) for a given Day D must be submitted by the Shipper on Day D-1 between 2:00 p.m. (14:00) and 10:00 p.m. (22:00) via TRANS@ctions. The Shipper’s request is deemed to be equal to the difference between the Shipper’s Nomination and the sum of the Firm and Interruptible Daily Capacity subscribed by the Shipper at the Transport Storage Interface Point concerned for the gas flow direction in question, whether incoming or outgoing. The daily capacity allocated by GRTgaz to the Shipper is equal, within the limits of the Network’s capacity, respectively to the daily withdrawal and injection capacity allocated by the Storage Operator(s) under its daily capacity service, as a supplement to the corresponding annual capacity. Each Daily Entry Capacity and Daily Exit Capacity at a Transport Storage Interface Point specified in the Appendix 2 to the Contract can be amended by GRTgaz on the basis of information provided by the Storage Operator(s). At the Transport Storage Interface Points and only in each flow direction in the case of a capacity reduction in the given direction, GRTgaz offers Short-term Use-It-Or-Lose-It (UIOLI) capacity, making it possible for the Shipper to request additional capacity beyond its Initial Operational Capacity. Such capacity may be allocated in full or in part in the event that one or several Shippers have not used in full their Operational Capacity (-ies) at the relevant point a given Day. Such Short-term UIOLI capacity allocated to the Shipper may be reduced, partially or totally at any time in the event of a new Nomination by shippers holding primary capacity. An excess of Nominations relative to the Initial Operational Capacity shall be considered a Short-term UIOLI capacity request from the Day D-1 at 2pm (14:00) to the Day D at 3am (3:00). Short-term UIOLI capacity is allocated at the end of each cycle and published exclusively via the IT System in the present case in the beneficiary Shipper’s Operational Capacity Statement. In this case, Short-term UIOLI capacity requested on the Day D («intra-day» or «within-day» requests) is allocated to the Shipper who is the beneficiary in that case on a daily basis at the end of each cycle on Day
Sample 1
DAILY CAPACITY SUBSCRIPTION. Concerning storage products with a duration of less than one (1) Month or in excess or equal to one (1) Day allocated to the Shipper by the storage Operator(s), the Daily Entry (respectively Exit) Transport Storage Interface Capacity at the Transport Storage Interface Points are allocated automatically to the Shipper by GRTgaz provided there is sufficient capacity on the Network and on the basis of the storage capacities previously allocated by the storage Operator(s). In case of Daily Quantity scheduled by the Shipper superior to the sum of the Transport Storage Interface Capacities subscribed by the Shipper at Transport Storage Interface Point for a given direction (Entry or Exit), the Daily Transport Storage Interface Capacities are automatically allocated by GRTgaz ex post. The allocation is equal to the difference between the Daily Quantity Scheduled by the Shipper and the sum of the Transport Storage Interface Capacities beforehand subscribed by the Shipper at the Transport Storage Interface Point in the given direction. Clause 7 Reservation procedures for capacity
Sample 1

Related to DAILY CAPACITY SUBSCRIPTION

  • Action in Shareholder Capacity Only The parties acknowledge that this Agreement is entered into by Shareholder solely in such Shareholder’s capacity as the Beneficial Owner of such Shareholder’s Owned Securities and nothing in this Agreement restricts or limits any action taken by such Shareholder in its capacity as a director or officer of the Company or any of its Affiliates and the taking of any actions (or failure to act) in its capacity as an officer or director of the Company, or any of its Affiliates, will not be deemed to constitute a breach of this Agreement, regardless of the circumstances thereto.

  • Action in Stockholder Capacity Only Stockholder makes no agreement or understanding herein as director or officer of the Company. Stockholder signs solely in his capacity as a recordholder and beneficial owner of the Shares, and nothing herein shall limit or affect any actions taken in his capacity as an officer or director of the Company.

  • Capacity as Stockholder The Stockholder signs this Agreement solely in the Stockholder’s capacity as a Stockholder of the Company, and not in the Stockholder’s capacity as a director, officer or employee of the Company or any of its Subsidiaries or in the Stockholder’s capacity as a trustee or fiduciary of any employee benefit plan or trust. Notwithstanding anything herein to the contrary, nothing herein shall in any way restrict a director or officer of the Company in the reasonable exercise of his or her fiduciary duties as a director or officer of the Company or in his or her capacity as a trustee or fiduciary of any employee benefit plan or trust or prevent or be construed to create any obligation on the part of any director or officer of the Company or any trustee or fiduciary of any employee benefit plan or trust from taking any action in his or her capacity as such director, officer, trustee or fiduciary.

  • Capacity as Shareholder This Agreement shall apply to Shareholder solely in his or her capacity as a shareholder of Company and it shall not apply in any manner to Shareholder in his or her capacity as a director, officer or employee of Company. Nothing contained in this Agreement shall be deemed to apply to, or limit in any manner, the obligations of Shareholder to comply with his or her fiduciary duties as a director or officer of Company, if applicable.

  • Shareholder Capacity By executing and delivering this -------------------- Agreement, Shareholder makes no agreement or understanding herein in his capacity as a director or officer of the Company or any subsidiary of the Company. Shareholder signs solely in his capacity as the beneficial owner of Shareholder's Shares and nothing herein shall limit or affect any actions taken by Shareholder in his capacity as an officer or director of the Company or any subsidiary of the Company.

  • Stockholder Capacity No Person executing this Agreement who is or becomes during the term hereof a director or officer of the Company shall be deemed to make any agreement or understanding herein in his or her capacity as such director or officer. Stockholder signs solely in his, her or its capacity as the beneficial owner of the Subject Shares and nothing herein shall limit or prohibit Stockholder or any of its Representatives, in his or her capacity as an officer or director of the Company, from taking any action or failing to take any action in such capacity.

  • Acting Capacity ‌ When an employee is assigned temporarily to a job for which he/she is qualified in a higher pay grade for a period of five (5) days or his/her regular workweek, whichever is less, the employee shall be paid retroactively from the initial date of the temporary transfer for the duration of the temporary assignment. The employee shall be paid as if he/she had been promoted during such assignment. In no event may an employee acquire any status in a higher classification as a result of his/her temporary assignment. Acting capacity assignments shall not be made on an arbitrary or capricious basis. Employees shall not be rotated in acting capacity in an arbitrary or capricious manner in order to avoid payment of acting capacity pay. This Article shall not be used in lieu of the proper processing of any request for reclassification or reallocation of a position pursuant to Article 48, Reclassifications, or the filling of a vacancy pursuant to Article 56, Seniority.

  • Contract Capacity The capacity of the Project at any time shall be the lower of the following: (A) the contract capacity in MW designated in the Cover Sheet or (B) the Net Rated Output Capacity of the Project (the “Contract Capacity”). Throughout the Delivery Term, Seller shall sell all Product produced by the Project solely to Buyer. In no event shall Buyer be obligated to receive, in any Settlement Interval, any Surplus Delivered Energy. Seller shall not receive payment for any Surplus Delivered Energy. To the extent Seller delivers Surplus Delivered Energy to the Delivery Point in a Settlement Interval in which the Real-Time Price for the applicable PNode is negative, Seller shall pay Buyer an amount equal to the Surplus Delivered Energy (in MWh) during such Settlement Interval, multiplied by the absolute value of the Real-Time Price per MWh for such Settlement Interval.

  • Maximum Capacity The Sick Leave Bank shall accumulate unused Bank days from year to year to a maximum capacity which shall not exceed double the number of eligible employees as defined in the above Section C, Eligibility for Membership.

  • Purchase Shares Subject to the terms and conditions hereinafter set forth herein, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the holder hereof in writing), to purchase from the Company up to ( ) fully paid and nonassessable shares of Common Stock, par value $0.0001, of the Company, as constituted on the Warrant Issue Date (the “Common Stock”). The number of shares of Common Stock issuable pursuant to this Section 1 (the “Shares”) shall be subject to adjustment pursuant to Section 9 hereof.

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