Auction Procedure definition
Examples of Auction Procedure in a sentence
In case the SHIPPER, following one of the Auctions provided for in the Auction Procedure, will be awarded some Sublet Hourly Flow Rate, ENI will send to SHIPPER an Individual Contract in the form of Annex D, specifying, inter alia, Guarantee Date 1 and Guarantee Date 2.
An Individual Contract shall become effective as of the Start Up Date specified in it following the award to the SHIPPER of capacity as a result of successful participation in an Auction in accordance with the Auction Procedure and subject to the provision of a Bank Guarantee as specified in Article 16.2 and in the terms of Article 16.
In addition Party B represents and warrants the VAT representation pursuant to § 14.11 (VAT representation), the representation pursuant to § 14.12 (Excise duties at PSV) and the representations made in the declaration provided by Party B under the Auction Procedure.
Parties acknowledge that the subscription of this Contract does not entail an obligation for SHIPPER to participate to any of the Auctions provided for in the Auction Procedure.
Without prejudice to Article 10, any other tax, duty and charge applied in (to be defined in accordance with the result of the Auction Procedure) on Natural Gas (not included in the Fee) shall be borne by the SHIPPER whereas ENI shall be exempt from any payment.
Communications connected with the nomination and matching in accordance with Article 12 shall be directed to: OPERATOR (as Service Provider): (to be defined in accordance with the result of the Auction Procedure).
Starting from the Start Up Date and throughout the term of this Contract the Sublet Hourly Flow Rate of the SHIPPER will be equal to: Q = [… ] Nm3/h (to be inserted in accordance with the result of the Auction Procedure).
In case the Time Limit (“Orario Limite”) of the “Nomination Closure” (“Fine nomina”) for the first session (“prima sessione”) set by SRG in the PSV Manual for matching at PSV is anticipated with regard to the time deadline in force at the date of publishing of the Auction Procedure (being 12:00 hours CET on the Day before the concerned Day), then the time deadline of the paragraph above for the Daily CQ Notice shall be anticipated of the same duration.
Offtake Point (to be defined in accordance with the result of the Auction Procedure) Oltingue Point shall mean the connection between the GRTGAZ Pipeline System and the TRANSITGAS Pipeline System.
Metering Stations (to be defined in accordance with the result of the Auction Procedure) MWh shall mean a quantity of energy equal to thousand (1.000) kWh. Month shall mean the period beginning at 06:00 a.m. on the first day of any calendar month and ending at 06:00 a.m. on the first day of the following calendar month.