DAILY CAPACITY SUBSCRIPTIONS Clause Samples
The "Daily Capacity Subscriptions" clause defines the terms under which a customer subscribes to a specified amount of service or product capacity on a daily basis. This clause typically outlines how the daily capacity is measured, the process for adjusting subscription levels, and any limitations or penalties for exceeding the agreed capacity. For example, it may apply to cloud computing resources, manufacturing output, or utility usage, where the customer pays for a set daily quota. Its core function is to provide predictability and control over resource allocation and costs, ensuring both parties understand their daily commitments and reducing the risk of overuse or under-provisioning.
DAILY CAPACITY SUBSCRIPTIONS. Daily subscriptions of capacity for each Day in Month M shall be marketed with a notice period of at least seventeen (17) hours and after allocation of the firm capacity for the Month M in question from the twenty-first (21st) of month M-1. Such capacity will be allocated on a first come, first served basis. Every day, between 2:00 p.m. (14:00) and 3:00 p.m. (15:00), GRTgaz will Auction the daily Firm Capacity for the next day that remains available. Capacity sold by Auction is allocated to shippers in decreasing order of the prices they bid.
DAILY CAPACITY SUBSCRIPTIONS. Daily subscriptions of capacity for each Day in Month M shall be marketed with a notice period of at least seventeen (17) hours and after allocation of the monthly capacity for Month M in question, from the twentieth (20th) of month M-1. Such capacity will be allocated on a first-come, first-served basis. Every day, between 02:00 p.m. and 03:00 p.m., GRTgaz will Auction the daily Firm Capacity for the next day that remains available. Capacity sold by Auction is allocated to shippers in decreasing order of the prices they bid. The unit price of Capacity subscribed daily by Auction shall be equal to: the Reserve Price if all the capacity put on sale by Auction is not subscribed by the shippers, the minimum of the unit prices proposed by the shippers to which some capacity is allocated by Auction if all the capacity put on sale by Auction is subscribed by the shippers.
DAILY CAPACITY SUBSCRIPTIONS.
4.2.7.1 THE CASE OF THE DUNKERQUE INTERCONNECTION POINT Daily subscriptions of capacity for each Day in Month M shall be marketed with a notice period of at least seventeen (17) hours and after allocation of the Firm Capacity for the Month M in question from the twenty- first (21st) of month M-1. Such capacity will be allocated on a first come, first served basis. Every day, between 2:00 p.m. (14:00) and 3:00 p.m. (15:00), GRTgaz will Auction the daily Firm Capacity for the next day that remains available. Capacity sold by Auction is allocated to shippers in decreasing order of the prices they bid. The unit price of capacity subscribed daily by Auction shall be equal to: the Reserve Price if all the capacity put on sale by Auction is not subscribed by participating shippers, the minimum of the unit prices proposed by the shippers to which some capacity is allocated by Auction if all the capacity put on sale by Auction is subscribed by participating shippers.
4.2.7.2 THE CASE OF THE LINK BETWEEN THE SOUTH AND THE NORTH BALANCING ZONES (SOUTH-TO-NORTH LINK) AND OF THE TAISNIÈRES H, TAISNIÈRES B, OLTINGUE, ALVERINGEM AND OBERGAILBACH INTERCONNECTION POINTS GRTgaz sells by Auction daily Firm Capacity if available after the capacity for a given month M has been allocated. Daily subscriptions for capacity for every day of month M are booked via the PRISMA Platform. The trading schedule is published on the following website: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇. The capacity auctioned is allocated to registered shippers pursuant to the "General Terms and Conditions for Use of the PRISMA Capacity Platform" available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇. The unit price of the daily capacity subscribed by auction is equal to the price as determined pursuant to the "General Terms and Conditions for Use of the PRISMA Capacity Platform" available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇.▇▇. The Reserve Price for daily capacity auctioned on the PRISMA Platform is equal to the term applicable to the daily capacity capacity subscriptions. In the event of trading on the PRISMA Platform being suspended, GRTgaz shall endeavour to put together an alternative solution to register its clients’ requests for capacity subscription.