Common use of Overdraft Authorisation Clause in Contracts

Overdraft Authorisation. The Shipper shall authorise the Operator to schedule its Send-Outs within the limit of the Overdraft Authorisation from which it benefits. The level of the Overdraft Authorisation is a quantity of energy calculated annually and equal to the lowest of the following two values: o 1 30th of the Shipper's Contractual Unloaded Quantity, and o (i) 1200 GWh for Montoir, or

Appears in 4 contracts

Sources: Framework Contract for Access to LNG Terminal, Framework Contract for Access to LNG Terminal, Framework Contract for Access to LNG Terminal