Examples of IP Entry Point in a sentence
In respect of the Moffat IP Entry Point, a Bundled Auction (the " GB-RoI Auction") may become linked ("Linked") to another bundled auction (the "GB-NI Auction") for Adjacent System IP Capacity being held by the Adjacent TSO at that IP.
If as a result of any termination of any Trade Proposal in accordance with Section5 above a Shipper's Active IP Entry Capacity at an IP Entry Point is or would be reduced to less than zero in respect of any Day such that the Shipper has a negative Active IP Entry Capacity at the IP Entry Point then such Shipper shall either book additional IP Entry Capacity or effect another Trade Proposal in order to secure that such Shipper's Active IP Capacity at the IP Entry Point is at least zero on such Day.
A Shipper shall have a tolerance quantity calculated in accordance with Section 1.8.4 at an IP Entry Point for a Non-OBA Day.
If the Shipper fails to acquire such additional IP Capacity as required in accordance with this Section 5.1.15 then the Shipper shall be liable for IP Capacity Charges in respect of such additional IP Capacity as would be required to restore such Shipper's Active IP Entry Capacity at the IP Entry Point to zero and the applicable tariff shall be the tariff applicable to Daily IP Entry Capacity.
Each Shipper shall indemnify the Transporter and hold it harmless against any loss, liability, damage, claim, action, proceeding, cost and expense suffered or incurred by or made or brought against the Transporter (including any claim by a third party to title in Natural Gas delivered by a Shipper at an IP Entry Point or Entry Point or offtaken by a Shipper at an Offtake Point or IP CSEP or Connected System Exit Point or Sub- Sea I/C Offtake) in consequence of any breach of the warranties in Section 7.2.
To the extent that the Transporter cannot make Natural Gas available for offtake or accept into the Transportation System Natural Gas tendered for delivery at an Entry Point or at an IP Entry Point as a direct result of Maintenance, the Transporter will be relieved of its obligations to transport Natural Gas including under this Code.
For the avoidance of doubt, a Shipper's obligation to pay any amounts pursuant to this Code and/or the Framework Agreement and/or any Ancillary Agreement shall not be affected by the existence of any circumstance under which, in accordance with this Code, the Transporter is not obliged to, or is not in breach of its obligation to, make Natural Gas available for offtake from an Offtake Point or at the IP CSEP or to accept deliveries of Natural Gas at an IP Entry Point or at an Entry Point.
Where Underutilisation has occurred, the Transporter shall then consider whether there is unfulfilled demand at the Moffat IP Entry Point, in accordance with the principles set out in section 11.3.1 of this document.
Each Shipper shall use all reasonable endeavours (including ensuring that appropriate contractual arrangements are in place) to ensure that Natural Gas tendered for delivery at an Entry Point or an IP Entry Point shall conform with the relevant Entry Specification.
Where there is underutilisation at the Non-IP Entry Point for 2 consecutive monitoring periods and unfulfilled demand at the IP Entry Point, the Transporter shall assess whether capacity should be permanently withdrawn from the Stranraer Shipper at the Non-IP Entry Point and transferred to the IP Entry Point.