Common use of Calculation of Entitlement under the Terminal Clause in Contracts

Calculation of Entitlement under the Terminal. Regulations For the avoidance of any doubt, it is intended that [User 2] will become entitled to the "Entitlement" under the Queue Management Procedures currently in place under the Terminal Regulations which [User 1] would (but for this deed) have previously been entitled to in relation to the Swap Contract Tonnage for the Swap Period, but that neither parties' Entitlements outside the Swap Period will be affected. [Note: only required if Terminal Regulations include a Queue Management System at the time this deed is entered into]

Appears in 3 contracts

Samples: User Agreement, User Agreement, User Agreement

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Calculation of Entitlement under the Terminal. Regulations For the avoidance of any doubt, it is intended that [User 2] will become entitled to the "Entitlement" under the Queue Management Procedures currently in place under the Terminal Regulations which [User 1] would (but for this deed) have previously been entitled to in relation to the Swap Contract Tonnage for the Swap Period, but that neither parties' Entitlements outside the Swap Period will be affected. [Note: only required if Terminal Regulations include a Queue Management System at the time this deed is entered into]

Appears in 1 contract

Samples: User Agreement

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