Capacity Rights Account definition

Capacity Rights Account means an account which is maintained by EKB for each Stor- age User. It is accessible via the Storage Website. It contains general information about the Storage Facility and individual information for the relevant Storage User, in particular, those referred to in § 12.2 of the main body of these GT&C. Such individual information is confidential and only accessible by the relevant Storage User.

Examples of Capacity Rights Account in a sentence

  • The costs incurred by EKB in maintaining and updating the Capacity Rights Account for each Storage User shall be covered by the System Fee.

  • EKB shall maintain a separate Capacity Rights Account for each Storage User.

  • The addresses and other details for communications not to be made via the Capacity Rights Account shall be set out in the Storage User’s Form of Agreement or otherwise be notified to EKB.

  • All notifications to be made by a Party to the other Party, including Nominations and Renominations in accordance with GT&C Appendix II, shall be submitted via the Storage User’s Capacity Rights Account unless the Storage Service Agree- ment provides for a different form of communication.

  • IV.10 EKB may, by giving a Storage User at least seven days' notice via its Capacity Rights Account, interrupt some or all of the Storage User's Interruptible Working Gas Vol- ume with effect from the start of a specified Gas Day if the aggregate quantity of nat- ural gas stored by all Storage Users in the Storage Facility exceeds 70 per cent of the total Useable Working Gas Volume of all Storage Users.

  • EKB shall ensure that notifications sub- mitted via the Capacity Rights Account are only accessible by the Storage User to which the notifications are addressed.

  • III.10 As soon as the matching process has been completed, EKB shall by means of a Stor- age User’s Capacity Rights Account either: (a) notify the Storage User of any revised Confirmed Firm Renominations or Confirmed Interruptible Renominations or (b) confirm to the Storage User that the matching process has not resulted in a change of its Confirmed Firm Renominations or Confirmed Interruptible Renominations.

  • EKB shall be entitled to carry out a communication test in order to check if a Storage User is able to receive information from EKB and to submit information to EKB via the Capacity Rights Account.

  • In the event that a Storage User's Capacity Rights Account is not available, the Parties shall submit notifications, including Nominations and Renominations, using any other reasonable form of communica- tion (such as e-mail or facsimile).

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Related to Capacity Rights Account

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Joint Account means an Account opened in more than one name;

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Force Account means the performance of a development or maintenance project with the forces and resources of the spon- sor, including personal services, equipment and materials.