Open Season Sample Clauses
The Open Season clause establishes a defined period during which parties, typically in the context of energy or transportation agreements, can commit to participate in a project or service under specified terms. During this window, interested parties may submit binding or non-binding commitments to secure capacity, such as pipeline space or shipping slots, often on a first-come, first-served or pro-rata basis. This clause ensures a transparent and orderly process for allocating limited resources, helping to gauge market interest and secure necessary commitments before a project proceeds.
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Open Season. The States Parties shall permit that the Open Season is performed pursuant to procedures published by Nabucco International Company on its website ahead of the start of the Open Season, and such Open Season shall ensure that objective, transparent and non-discriminatory conditions apply to all Shippers (including third party entities and Shareholders, their affiliated companies and/or their assignees) that qualify to take part in the Open Season. The invitation to tender would stipulate the available technical total capacity to be allocated, the number and size of lots, as well as the allocation procedure in case of an excess of demand over supply. Both firm and interruptible transportation capacity would be offered on an annual and monthly basis. The invitation to tender would be published, at the cost of Nabucco International Company, in the Official Gazette of each State Party and the Official Journal of the European Union and the allocation process would be fair and non-discriminatory. The Open Season shall be carried out in two steps. In a first step, only the Shareholders, their affiliated companies and their assignees can apply. In the second step, all market participants, including the Shareholders, their affiliated companies and their assignees can apply. If after the second step not all capacity has been allocated, there will be a third Open Season to allocate the remaining capacity. After each step of the Open Season Nabucco International Company shall provide to all relevant State Party Authorities a list of the companies which have reserved capacities of the Nabucco Project.
Open Season. (a) Transporter held an open season to obtain firm commitments for the Project from April 18, 2013 through May 2, 2013. This Agreement shall be deemed a binding bid for Project Capacity in that Open Season.
(b) Transporter shall have the right to reduce the Capacity Subscriptions specified in Section 2 of this Agreement if a reduction is necessary, in Transporter’s reasonable discretion, not to be exercised in an unduly discriminatory manner, to comply with any FERC regulation, requirement, directive, or order, or with Transporter’s FERC Gas Tariff.
Open Season. Employees may approach their supervisors to express interest in the SLRP upon official announcement by the Commission to the managers that the has application period has commenced.
Open Season. TransCanada will conduct an open season in accordance with the terms and conditions set out in Appendix III (“Mainline Agreement Open Season”).
Open Season. Carrier shall have the right, but not the obligation, to conduct one or more open seasons for the Pipeline in order to contract with new or existing shippers for uncommitted or expansion capacity or capacity that has been made available due to the termination or expiration of Pipeline transportation services agreements.
Open Season. The time period from the Pool’s season open date to the season close date.
Open Season. Participation - By marking an option below, Shipper hereby elects to participate in the Capline Open Season, the Joint Open Season, or both Open Seasons. Capline Open Season Only. If Shipper elects to participate in the Capline Open Season only; (a) Shipper may be provided with Confidential Information related to the Capline Open Season only,
Open Season. If the study described in Section 5.8.2 indicates that the proposed Construction Capital Opportunity meets the Economic Criteria, assuming that Potential Shippers would commit to the Minimum Firm Capacity, then within a reasonable timeframe but no later than thirty (30) Business Days after such study has been received by each Member, the Board shall cause the Operator to conduct such open season. If the open season for such proposed Construction Capital Opportunity results in binding commitments from Potential Shippers of at least the Minimum Firm Capacity in the aggregate, then the Board shall vote on whether to proceed with the development of the Construction Capital Opportunity. If the Board approves proceeding with the development of the proposed Construction Capital Opportunity after receiving the results of the open season by the affirmative vote of Directors appointed by Members collectively holding 85% or more of all of the Membership Interests (an "Affirmative Construction Vote"), the Company shall cause the Operator to proceed, consistent with the Annual Budget then approved by the Board and in effect, with the development of the Construction Capital Opportunity, including: (i) the preparation of an application for a FERC Certificate therefor, if required, (ii) the acquisition of necessary regulatory approvals and (iii) subject to the satisfaction of the conditions set forth in Section 5.8.6(a), (b) and (c), the financing for such Construction Capital Opportunity and the selection of contractors on the basis of cost and qualification. If the vote of the Board to proceed with the development of such Construction Capital Opportunity is not by an Affirmative Construction Vote, then such Construction Capital Opportunity shall be deemed rejected by the Board. A vote to proceed with the development of a Construction Capital Opportunity shall be without prejudice to any subsequent votes required under this Section 5.8 with respect to such Construction Capital Opportunity.
Open Season. Within 30 days of the effective date of this Article, there will be a 30-day open season in which all employees in positions designated as eligible for HBO (including those currently eligible) will have the opportunity to opt into HBO. Employees in the Dallas Regional Office/Field Office and the Atlanta Regional Office/Field Office may make elections in accordance with the terms of the election MOUs executed with these office moves). The dates for the open season will be established jointly by the FDIC and NTEU. An open season will be held every two years, but may be held more frequently upon mutual agreement.
Open Season. Transporter shall have the right to conduct an open season(s) in accordance with applicable FERC requirements, whereby Transporter will offer interested parties an opportunity to submit a request for capacity on the Project (each such process an “Open Season”). [***]. This Precedent Agreement shall constitute Customer’s binding bid in any such Open Season.