Binding Nomination definition

Binding Nomination means the volumes (excluding any Committed Volumes and Make-Up Volumes) allocated to a Shipper during a period of prorationing.

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Binding Nomination means the final Nomination tendered by a Shipper for a prorated line segment or facility after being advised that said line segment or facility is over nominated and subject to proration.

Binding Nomination means the Delivery capacity allocated to a Shipper during a period of prorationing.

Examples of Binding Nomination in a sentence

Binding Nomination a nomination made by a Member under clause 13.3. Business Day a day on which banks are open for business in Melbourne, Victoria excluding a Saturday, Sunday or public holiday in that city.
If the Trustee consents (either on an individual basis or generally) to the making of Non-lapsing Binding Nominations, a Member may give a Non-lapsing Binding Nomination (in the form and manner determined by the Trustee) to the Trustee requesting the Trustee to pay all (or part of) the Member’s Death Benefit to one or more persons (including the Member’s Legal Personal Representative) in the proportions stated in the nomination.
To the extent that the Binding Nomination complies with the Non-lapsing Binding Nomination Requirements and relates to the Member’s Death Benefit, the Trustee must pay the Member’s Death Benefit in accordance with the Non-Lapsing Binding Nomination.
Non-binding Nomination a nomination made by a Member under clause 13.2. Non-Lapsing Binding Nomination a nomination made by a Member under clause 13.4. Non-Lapsing Binding Nomination Requirements the requirements prescribed in clause 13.5 and such other requirements as the Trustee determines from time to time.

More Definitions of Binding Nomination

Binding Nomination means a notice to the Trustee given by an applicant or Member directing the Trustee to pay all or part of the benefit payable on their death to a person or persons nominated in the notice, and the notice complies with the following:

Binding Nomination means a Nomination made by a New Shipper or a Regular Shipper on a prorated line segment that has been accepted for shipment by Carrier during a month of allocation.

Binding Nomination means for any Month during which the Carrier determines that nominations exceed its capacity, then the Carrier will notify each Shipper and provide each Shipper an opportunity to reduce its nomination by close of business of that day. Upon receipt of reduced nominations Carrier will evaluate whether the nominations exceed its capacity. If there is insufficient capacity to transport the volumes nominated then the Carrier will proration capacity in accordance with this section. The volume allocated to a Shipper during a period of apportionment shall be considered its Binding Nomination.

Binding Nomination means Shipper’s Nomination as described in Item 2.13.1 of these Rules and Regulations.

Binding Nomination in respect of a Member means a benefit nomination received by the Trustee from the Member which:

Binding Nomination means a notice given to the Trustee, by a Member or by a person making application for Membership who subsequently becomes a Member, which:

Binding Nomination means for any Operating Month, if Carrier determines the Nominations exceed the line segment’s capacity, then Carrier will notify each Shipper and provide each Shipper an opportunity to reduce its initial Nomination, with such revised Nomination becoming the Shipper’s Binding Nomination. If a Shipper does not submit a reduced Nomination, then its initial Nomination shall be considered its Binding Nomination. All information required to be included in an initial Nomination under Item 45 shall also be required to be included in Shipper’s Binding Nomination.