Block Contract definition
Examples of Block Contract in a sentence
The First Block Contract Demand Charge is fixed and is not subject to change through the Embedded Date.
After the Embedded Date, the Second Block Contract Demand Charge and the Second Block Energy Charge are subject to change and revision by order of the Commission.
After the Embedded Date, Hoku may decrease the Total Contract Demand by reducing the First Block Contract Demand in decrements of 1,000 kilowatts.
Organisations on this list may be offered a Call Off Contract and be considered for a Block Contract.
Under the terms of this Agreement, Hoku may increase the Total Contract Demand above 82,000 kilowatts by increasing the First Block Contract Demand in increments of 1,000 to 10,000 kilowatts per year up to a Total Contract Demand of 175,000 kilowatts.
Notwithstanding any provision of this Agreement to the contrary, this Agreement shall in no way limit CityPlace Hotel or Manager’s rights and remedies against a Potential Convention Center Customer resulting from such Potential Convention Center Customer’s default under a Room Block Contract.
If an outstanding Room Block Commitment is not accepted in writing by a Potential Convention Center Customer (thereby becoming a Room Block Contract) within the required hold period corresponding to the applicable Booking Period as set forth in the chart under the definition of “Room Block Days” in Article 1 of this Agreement, such Room Block Commitment shall be deemed withdrawn.
Nothing contained in this Agreement shall relieve CityPlace Hotel from the contractual obligations to provide services to a Potential Convention Center Customer under a binding Room Block Contract, irrespective of whether this Agreement is terminated after the effective date of the Room Block Contract but before the time services are to be rendered, subject to the terms and conditions of said Room Block Contract that may otherwise expressly provide for termination rights of CityPlace Hotel.
The Second Block Contract Demand Charge and the Second Block Energy Charge will increase or decrease uniformly with any base rate change authorized by the Commission that is applicable to Idaho Power’s Tariff Schedule 19T through the Embedded Date.
Manager will reserve the rooms included in a Room Block Commitment for purchase by persons attending the applicable Event until the date specified in the applicable Room Block Contract or if no such date is specified, then until the 30th day preceding the first scheduled day of the applicable Event, after which time any unbooked rooms may be sold at any rate to any persons Manager selects.