Examples of Reservation Charge in a sentence
Charges means the Capacity Reservation Charge, Commodity Charge and Other Charges.
Capacity Reservation Charge means a component of the price for Gas Transmission Capacity to which the Shipper has access under this Contract, calculated in accordance with clause 20.2. Capacity Service means any service offered by the Operator on the DBNGP by which access to Gas Transmission Capacity is provided.
Without prejudice to the Shipper's entitlement to a refund under clause17.4 in circumstances where a Curtailment is other than as a result of an event of Force Majeure where the Shipper is the Affected Party, the Shipper is not relieved of its obligation to pay the Capacity Reservation Charge by the occurrence of an event of Force Majeure in respect of it however caused.
Subject to clause17.4, the Capacity Reservation Charge is payable for each Gas Day during the Period of Supply regardless of whether the Shipper provides Gas at any Inlet Point and regardless of whether the Shipper takes Gas at any Outlet Point.
Bidder shall specify the monthly reservation charge (or other firm or demand charge(s), if applicable, herein referred to collectively as Reservation Charge) it is bidding for the service.