Bid Floor definition

Bid Floor means the minimum acceptable Seasonal Service or Daily Seasonal Service Demand Charge or IT toll level, expressed in $/103m3, at or above which Transporter may accept Nominations for service under the Tariff, as established and posted on Transporter's website from time to time for the applicable service type and applicable Receipt Points or groups of Receipt Points, or Liquids Receipt Points or groups of Liquids Receipt Points. Transporter may set the applicable Bid Floor for Seasonal Service and Daily Seasonal Service between 100 percent and 125 percent of the corresponding 5Yr Demand Charge. Transporter may set the applicable Bid Floor for Interruptible Services at any level up to 125 percent of the corresponding 5Yr Demand Charge.
Bid Floor means the most recent minimum acceptable Seasonal Service Demand Charge or IT toll level, expressed in $/103m3, at or above which Transporter may accept Nominations for service under the Tariff, as established and posted on Transporter's website from time to time for the applicable service type and applicable Receipt Points or groups of Receipt Points, or Liquids Receipt Points or groups of Liquids Receipt Points.

Examples of Bid Floor in a sentence

  • Transporter shall have the sole discretion to set the Bid Floor for Interruptible Delivery Service under this Toll Schedule on a daily basis.

  • Bids shall specify the volume of Transportation requested at the Receipt Point and the associated bid toll, expressed in dollars per thousand cubic meters ($/103m3), which associated bid toll shall not be less than the posted Bid Floor.

  • Only bid tolls at or above the Bid Floor for such Seasonal Service or Daily Seasonal Service will be considered by Transporter during the capacity award process.

  • Bids at or above the Bid Floor will be considered by Transporter during the daily capacity award process.

Related to Bid Floor

  • Lowest floor means the lowest floor of the lowest enclosed area (including basement). An unfinished or flood resistant enclosure, usable solely for parking of vehicles, building access, or limited storage in an area other than a basement area is not considered a building's lowest floor, provided that such an enclosure is not built so as to render the structure in violation of the applicable non-elevation design requirements of this ordinance.

  • Yard means the land other than publicly owned land around or appurtenant to the whole or any part of a residential or non-residential property and used or capable of being used in connection with the property.

  • Floor means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to LIBO Rate.

  • Road means any highway and any other road to which the public has access, and includes bridges over which a road passes.

  • Park or "parking" when prohibited means the standing of a vehicle, whether occupied or not, except when standing temporarily for the purpose of and while actually engaged in loading or unloading merchandise or passengers;