MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD Sample Clauses

MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD. Requests for Annual Band capacity with a short notice period are allocated on the following basis.
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MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD. The annual firm and interruptible capacity subscriptions with a short notice period are booked by the Shipper in accordance with the marketing conditions described below. Capacity is marketed on annual band beginning on the first (1st) Day of April of each year. The marketing process is divided into two (2) phases: o The first phase in which the Shipper can participate only if he holds a delivery license enabling it to supply end customers or if the Shipper is itself the Recipient of gas at a Delivery Point. o The second phase is open to any Shipper, unless the Shipper participates in the first marketing phase with the “guaranteed allocation” option described below. Only fifty per cent (50%) of the Firm Capacity and fifty per cent (50%) of the Interruptible Capacity are marketed during the first phase. During the second marketing phase, the capacity unsold in the first phase in addition to fifty per cent (50%) of the Firm Capacity and the Interruptible Capacity are marketed. The subscription windows for multi-annual capacity, the marketing rounds over two (2) or three (3) years with a long notice period and annual capacity with a short notice period are published on GRTgaz’s public website, xxx.xxxxxx.xxx.

Related to MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD

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  • Force Majeure, Notice of Delay, and No Damages for Delay The Contractor will not be responsible for delay resulting from its failure to perform if neither the fault nor the negligence of the Contractor or its employees or agents contributed to the delay and the delay is due directly to acts of God, wars, acts of public enemies, strikes, fires, floods, or other similar cause wholly beyond the Contractor’s control, or for any of the foregoing that affect subcontractors or suppliers if no alternate source of supply is available to the Contractor. In case of any delay the Contractor believes is excusable, the Contractor will notify the Department or Customer in writing of the delay or potential delay and describe the cause of the delay either (1) within 10 days after the cause that creates or will create the delay first arose, if the Contractor could reasonably foresee that a delay could occur as a result, or (2) if delay is not reasonably foreseeable, within five days after the date the Contractor first had reason to believe that a delay could result. The foregoing will constitute the Contractor’s sole remedy or excuse with respect to delay. Providing notice in strict accordance with this paragraph is a condition precedent to such remedy. No claim for damages will be asserted by the Contractor. The Contractor will not be entitled to an increase in the Contract price or payment of any kind from the Department or Customer for direct, indirect, consequential, impact or other costs, expenses or damages, including but not limited to costs of acceleration or inefficiency, arising because of delay, disruption, interference, or hindrance from any cause whatsoever. If performance is suspended or delayed, in whole or in part, due to any of the causes described in this paragraph, after the causes have ceased to exist the Contractor will perform at no increased cost, unless the Department or Customer determines, in its sole discretion, that the delay will significantly impair the value of the Contract to the State of Florida or to Customers, in which case the Department or Customer may (1) accept allocated performance or deliveries from the Contractor, provided that the Contractor grants preferential treatment to Customers with respect to commodities or contractual services subjected to allocation, or (2) purchase from other sources (without recourse to and by the Contractor for the related costs and expenses) to replace all or part of the commodity or contractual services that are the subject of the delay, which purchases may be deducted from the Contract quantity, or (3) terminate the Contract in whole or in part.

  • NOTICE OF DELAYS Except as otherwise provided under this Contract, when either party has knowledge that any actual or potential situation is delaying or threatens to delay the timely performance of this Contract, that party shall, within one (1) business day, give notice thereof, including all relevant information with respect thereto, to the other party.

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