Capacity Right definition
Examples of Capacity Right in a sentence
Notwithstanding the General Strategic Opportunity Spectrum Capacity Right provisions of Section 3.10(b).
If and to the extent that, at any time and from time to time, Producer is not utilizing all of its Capacity Right in the Project, Processor shall have the right to utilize such unused Capacity Right to provide gathering service for third parties; provided that, upon seven (7) Days prior notice by Producer to Processor, Processor shall make such unused capacity, up to the Capacity Right, available to Producer.
Provided that, (i) if DOW has substantial reasons to object to the Purchaser and (ii) DOW expressly objects in writing to the transfer of the Agreement to the Purchaser within one (1) months after notification from JSR, then DOW shall have the right to purchase JSR’s Capacity Right from the Purchaser at fair market value.
Provided that, (i) if JSR has substantial reasons to object to the New Owner and (ii) JSR expressly objects in writing to the transfer of the Agreement to the New Owner within one (1) month after notification from DOW, then JSR shall have the option to exercise its rights under Article 20.1. If JSR cannot find any other third party buyer, then JSR shall have the right to sell its Capacity Right to the New Owner at fair market value.
It is the mutual understanding of both parties that based on Swiss and German VAT legislation in force at the time of signing this Agreement, VAT will be charged by DOW to JSR on the following payments by JSR: • Payment for Capacity Right according to Article 3: Swiss VAT @ 7.6%; and • Fixed Annual Payment and Variable Payment according to Article 5: German VAT @ 19%.
This AGREEMENT grants PROPERTY OWNER a Temporary Capacity Right equal to the amount of Special Capacity Rights purchased, subject to the terms of this AGREEMENT.
The Assignee shall indemnify and hold Assignor harmless from all expenditures, liabilities, claims and obligations incurred on and after the Effective Date relating to the Assigned Capacity Right.
If the discharge during any month exceeds the Capacity Right leased for flow, BOD, or TSS, a surcharge for the month will be applied based on the maximum daily use.
In consideration for providing the Wastewater Treatment Capacity Right by Tenant to Landlord and Tenant’s undertakings hereunder, Landlord shall pay to Tenant the Wastewater Treatment Facilities Assessment and Operational Costs as described below.
In addition to the payment required for the lease of the Capacity Right reference above, Beaumont shall pay Valley the rates established by Valley for Brine Line discharges in their service area for Flow, BOD, TSS, Fixed Pipe and Fixed Treatment including any minimum costs attributable to the treatment and disposal capacity being leased under this Lease Agreement.