Daily Nomination Sample Clauses
The Daily Nomination clause establishes the process by which one party specifies the quantity of a commodity, such as natural gas or electricity, to be delivered or received on a daily basis. Typically, the buyer submits a daily nomination to the seller, indicating the required volume for the next day, often within a set timeframe and using agreed communication methods. This clause ensures operational coordination and flexibility, allowing both parties to plan logistics and manage supply and demand fluctuations efficiently.
Daily Nomination. The Customer should nominate to the Provider hourly quantities of the Injection Gas or the Withdrawal Gas at the Delivery Point. Said Nomination shall be sent prior to 14:00 hours of each Day for the following Storage Day with indication of the hourly quantities which. Subject to Articles 5.1 and
Daily Nomination. By 10:30 a.m. CT of each Business Day, Coffeyville shall provide Vitol and the Terminal Operator with a nomination for Crude Oil to be delivered during the 24 hour period immediately following therefrom (the “Crude Oil Withdrawal”). For each day that is not a Business Day, Coffeyville shall provide Vitol a nomination for each such non-Business Day during the immediately preceding Business Day. The Parties acknowledge that for pricing purposes a Crude Oil Withdrawal may be comprised of multiple Crude Oil Lots or portions thereof. Coffeyville shall nominate the oldest Crude Oil Lot in the event that there are two (2) or more Crude Oil Lots of the same crude oil grade available for delivery.
Daily Nomination. By 9:00 a.m. CT of each Business Day, Coffeyville shall provide Vitol and the Terminal Operator with a nomination for Crude Oil to be transferred each day out of the Terminal and into the Plains Pipeline System to Coffeyville over the period from that Business Day until the end of the next succeeding Business Day (the “Crude Oil Withdrawal”). The Parties acknowledge that a Crude Oil Withdrawal may be comprised of multiple Crude Oil Lots or portions thereof. Coffeyville shall nominate the oldest Crude Oil Lot in the event that there are two (2) or more Crude Oil Lots of the same crude oil grade available for delivery.
Daily Nomination. The Storage Customer may nominate to the Storage Service Provider hourly quantities of the Injection Gas or the Withdrawal Gas. Said Nomination shall be sent prior to 14:00 hours of each Day for the following Storage Day. Subject to Articles 5.1 and 5.2 hereof, the hourly quantities correspond to 1/24 of the daily storage quantity and shall be deemed nominated on an hourly basis.
Daily Nomination. Commencing on the Commencement Date and for each Day during the effectiveness of this Agreement, by S:00 a.m. of each Day, Buyer shall submit to Seller the Nominated Daily Receipt Quantity, the Nominated Daily Delivery Quantity (which shall include, as indicated separately by Buyer, any Quantity of Gas nominated by Buyer to be delivered at the Delivery Point by the Seller pursuant to Option 3 in Section 5.2) and the Nominated Daily Merchant Quantity that Buyer desires Setter to receive, transport, sell or deliver (as the case may be) during such Day. Such nomination shall also indicate an estimate of the Quantity of Gas Buyer intends to make-up in accordance with Section 7.3. Seller shall confirm such daily nomination by facsimile to Buyer. Buyer shall endeavor in good faith to submit nominations that accurately reflect Buyer's estimates of the Quantity of Gas Buyer expects to use at the Brandywine Facility. If Buyer fails to submit a nomination to Seller in accordance with this Article IX, Seller shall deem Buyer's nomination for that Day to be equal to the last effective nomination Buyer provided to Seller. Buyer may designate an agent to submit nominations on its behalf in accordance with this Article IX.
Daily Nomination. The Seller and the Buyer agree as follows:
(a) By 10.00 am on each Day, the Buyer must nominate to the Seller, the Buyer’s requirements for Gas for the next Day.
(b) The Buyer may amend its nomination given in accordance with paragraph (a) of this clause 9.4 provided that notice of such amended nomination is given not later than 2.00 pm on the day prior to the Day for which the amended nomination is given.
(c) The Buyer may not give a Nomination which requires delivery of a quantity of Gas in excess of the ACQ in any Contract Year or at a rate which would cause the MDQ on any Day in any Contract Year to be exceeded unless otherwise agreed by the Seller pursuant to clause 7.7.
(d) If the Buyer fails to notify the Seller of its requirements in accordance with this clause 9.4, the Seller will continue to make Gas available for delivery at the Delivery Point in accordance with the last nomination properly made by the Buyer pursuant to clause 9.
Daily Nomination. The Shipper shall inform INGL by 14:00 hours on each Day of the amount of Shipper Gas that it will deliver or have delivered on its behalf at each of the Designated Delivery Points and the amount of Natural Gas it wants INGL to redeliver at each of the Designated Redelivery Points during each hour of the next Day (hereinafter in this Section 12.4 – "the Daily Nomination"). The Shipper will identify Shifted Gas Nominations and Spot Nominations as such in the Daily Nomination. If the Shipper's nomination does not relate to individual hours but only to the next Day, the nominated Daily amount of Natural Gas divided by the number of hours in the next Day shall be the nominated hourly amount of Natural Gas. If the Shipper fails to nominate the amount of Natural Gas for the next Day, the Daily Nomination for such next Day shall be deemed to be the amount nominated for such Day of the Week in the Shipper's most recently supplied Weekly Nomination. If the Shipper fails to make a nomination for a period longer than 7 successive Days, the nominated amount of Natural Gas as from the 8th Day shall be deemed to be zero. If the Shipper's Nomination is a Proper Nomination according to the terms of Section