Nomination Period definition
Examples of Nomination Period in a sentence
In respect of each Nomination Period, the Service Provider shall notify the Customer in writing of the Actual Utilisation Quantity (and where applicable any Shortfall Quantity) by no later than the start of the seventh (7th) Business Day following the Day in respect of which the Nomination was made.
To the extent the Actual Utilisation Quantity delivered by the Service Provider is less than ninety-eight per cent (98%) of the Nomination in respect of any Hour in a Nomination Period, or if the circumstances in Clause 13.5 apply in circumstances where such failure is not excused by Force Majeure or where Clause 7 does not apply, such failure shall be a Default.
With effect from the end of the Nomination Period the Resigning GP being replaced by the replacement general partner (the “Replacement GP”), the Resigning GP hereby transfers all rights, titles, and interests in the Partnership to the incoming Replacement GP, who shall assume all rights, duties, and responsibilities of the General Partner as outlined in this Agreement, by signing this Agreement.
Buyer’s final quantity nomination, by month, to be provided by Buyer to Seller on or before October 1st which shall be considered the Contract Quantity for the next Nomination Period (pursuant to Section 4.1 of the Base Contract), must be within the Contract Quantity Limits and shall establish the delivery and acceptance obligations of the parties for such Nomination Period, subject to excuse due to Force Majeure or other adjustments as set forth herein.
In the event that ▇▇▇▇▇’s coal requirements for the Seminole Generating Station exceed the Contract Quantity as specified in the final nomination for a Nomination Period and such final nomination did not exceed 4,000,000 tons of Coal, Buyer shall promptly notify Seller and Seller shall have the option, but not the obligation, of providing such additional quantities at the current AQR Price.