TTUK definition
Examples of TTUK in a sentence
TTUK may propose, and Driftwood LNG may agree, to delivery windows and LNG quantities different from those set forth in the Available LNG Notice.
TTUK may propose and Driftwood LNG may agree on a delivery window or quantity of Available LNG (or both) that vary from the terms specified in the Available LNG Notice.
Immediately prior to TTUK contracting to sell the Available LNG to a Third Party, each Party shall promptly execute a corresponding Confirmation Notice in respect of the Available LNG according to the terms set forth in the Available LNG Notice and this Agreement (including Section 2.7).
Driftwood LNG wishes to be able to sell such quantities in an efficient and optimized manner and TTUK desires and is willing to accept such sales, in all cases in accordance with the terms of this Agreement.
During implementation of the Shipping Plan, if the shipping capacity under the Shipping Plan is insufficient for TTUK to perform under a Confirmation Notice, TTUK shall be excused from its obligation to take LNG under such Confirmation Notice, and Driftwood LNG shall indemnify TTUK for any loss related to such failure to take, including all Claims and Losses.
In the event that during the Term, Driftwood LNG becomes aware of Available LNG that will be available for loading during Commissioning of a Plant, Driftwood LNG shall have an obligation to issue an Available LNG Notice for such Available LNG and to execute a Confirmation Notice for the sale of such Available LNG to TTUK, and TTUK shall have an obligation to execute a Confirmation Notice for the purchase of such Available LNG, subject to the terms of this Agreement.
Any agreement by the Parties to buy and sell any such Available LNG shall be evidenced in Confirmation Notice(s) proposed by TTUK in accordance with this Agreement (including Section 2.7) and executed by both Parties.
A Shipping Plan shall specify the number and LNG cargo size of LNG ships to be chartered and included in the Shipping Plan, in accordance with this Section 4.1. The LNG cargo size of each LNG ship in a Shipping Plan shall be elected by TTUK and shall be not less than one hundred twenty-five thousand (125,000) cubic meters and not more than two hundred sixteen thousand (216,000) cubic meters.
Driftwood LNG may, but shall have no obligation to, issue an Available LNG Notice or execute a Confirmation Notice in respect of any Available LNG that will be available for loading during any other period, and TTUK may, but shall have no obligation to, execute a Confirmation Notice in respect of any such Available LNG.
For the purposes of appointing arbitrators under this Section 10.1(d), (i) Driftwood LNG and all Persons whose interest in this Agreement derives from them shall be considered as one party; and (ii) TTUK and all Persons whose interest in this Agreement derives from them shall be considered as one party.