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
The documents uploaded here shall be available for attaching with this event in the Bid Floor.