State Capacity Holder definition
State Capacity Holder means a State entity that holds or will hold Capacity on behalf of the
Examples of State Capacity Holder in a sentence
The State shall retain its direct or indirect ownership interests in each Alcan Element as provided in Article 7.2 at least until the State Capacity Holder executes a binding precedent agreement to reserve Capacity for all of its expected throughput of State Gas for each respective element, plant or project in the initial Open Season.
These flows may change daily or even within each so-called “gas day.” With each change in source of production comes a potential difference in the royalty terms—and ultimately the volume of State Gas to be delivered to the State Capacity Holder.