Capacity Holder definition
Examples of Capacity Holder in a sentence
The State shall retain its direct or indirect ownership interests in each Alcan Element as provided in Article 7.2 at least until the State Capacity Holder executes a binding precedent agreement to reserve Capacity for all of its expected throughput of State Gas for each respective element, plant or project in the initial Open Season.
Connected System Exit Point at (the "CSEP") We are a Downstream Capacity Holder (as defined in the Moffat Ancillary Agreement dated and amended and restated with effect from relating to the CSEP).
It should also be noted that Article 10.10 provides that “At all times after the Effective Date, the State shall indemnify, hold harmless, and defend each Producer and Producer Capacity Holder against any Loss arising out of or resulting from a Producer Capacity ▇▇▇▇▇▇'s performance of or failure to perform an obligation under Article 10 (Capacity Management), except in case of fraud.” The State is effectively backstopping the producer Participants against their own actions.
Such amounts (and all interest thereon) shall be held on trust by ▇▇▇▇▇ for the benefit of the Capacity Holder and ▇▇▇▇▇ in accordance with the provisions of this Clause and the bank with which such monies are held shall be notified of such trust and of the beneficial interest of the Capacity Holder in such monies.
Capacity Holder is reduced, or a person who is for the time being a Downstream Capacity Holder, ceases to be a Downstream Capacity Holder, no change will be made or required by virtue of such circumstance in any Registered NTS Exit Capacity of any CSEP User during the relevant capacity period (but without prejudice to the application of paragraph 2 upon an application for renewal of such registration upon expiry of the capacity period).
Thereafter as each capacity release contract is terminated, the Questar Capacity Holder may further reduce its firm transportation contract demand by the amount of the expiring capacity release contracts without any further liability to TransColorado for any reservation charges, reservation surcharges, or any other charges associated with the capacity returned to TransColorado.
The Letter of Credit shall be an unconditional irrevocable stand-by letter of credit from a Qualifying Issuer, in a form approved by Channel Cable, in Euro, issued for the account of the Capacity Holder in favor of Channel Cable, allowing for partial drawings and providing for the payment to Channel Cable forthwith on demand by any UK or French clearing bank or such other bank as Channel Cable may approve and which is available for payment at a branch of the issuing bank.
If any amount in an invoice is in dispute, then the Capacity Holder must pay the undisputed amount of the invoice.
Notwithstanding Clause 2.6, the Capacity Holder will not be entitled to any rebate of, or reduction in, the Capacity Charges on account of any interruption.
If at any time following the termination of this Agreement there are no amounts due and payable by the Capacity Holder which are unpaid and no party to this Agreement remains under any obligation actual or contingent the observance or performance of which would give rise to an obligation on the Capacity Holder to make a payment under this Agreement the trust created pursuant to this clause shall be wound up and any monies then held by ▇▇▇▇▇ on such trust shall be returned to the Capacity Holder.