Expansion Capacity definition
Examples of Expansion Capacity in a sentence
Subsequent Expansion Capacity Volume Shortfall and Expansion Capacity Volume Shortfall Payment calculations and payments shall be made in the same manner upon expiration of each successive Contract Year.
In the event of a permanent release of Gas from the Dedication pursuant to this Agreement, then the Annual Volume Commitments or any Expansion Capacity Annual Volume Commitments shall be proportionately reduced to reflect such release from the Dedication.
Gatherer shall calculate the Expansion Capacity Volume Shortfall and Expansion Capacity Volume Shortfall Payment, if any, within sixty (60) days after the expiration of the Contract Year in which the shortfall occurred, and the results shall be promptly provided in writing to Shipper.
Except as expressly provided for in Sections 9.5 and 9.6 above, the Annual Volume Commitments and/or Expansion Capacity Annual Volume Commitment shall be reduced by any Gas that Gatherer is not able to receive from Shipper on any Day that Shipper is capable of delivering within the Initial Build Conditions, whether or not such failure is caused by Force Majeure.
Shipper shall remit the Expansion Capacity Volume Shortfall Payment or first Expansion Capacity Volume Shortfall Payment monthly installment, if any, within thirty (30) days of receipt of the invoice containing the Expansion Capacity Volume Shortfall Payment calculation.