Capacity allocation rules Sample Clauses

Capacity allocation rules. 5.4.1 Capacity Allocation rules in case no joint capacity over booking In case the total capacity requested by the Applicants does not exceed the level of Offered Capacity and the Parties received the Joint Application which capacity is higher than 37,5% of the Offered Capacity, its acceptance, allocation and contracting might be considered, however it is a subject to the consent of respective Hungarian Energy and Public Utility Regulatory Authority (hereinafter MEKH) . In such a case Parties will allocate 37,5% of such a capacity requested in Joint Application within this Open Season and the rest of such a capacity will be allocated outside the Open Season Procedure upon the approval of MEKH . For the avoidance of doubt the rest of such a capacity, which allocation is depending on MEKH approval, will be not offered to third Parties unless the approval is denied. In such a case the final allocation and communication to the relevant Applicant respecting confidentiality of the results shall be done and notified by each of the Parties till 14:00 CET 05th of June 2015 (“Final Allocation”) which is the binding acceptance of the Binding Bids.
Sample 1
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Capacity allocation rules. 5.4.1 Capacity Allocation rules in case no joint capacity over booking In case the total capacity requested by the Applicants does not exceed the level of Offered Capacity and the Parties received the Joint Application which capacity is higher than 37,5% of the Offered Capacity, its acceptance, allocation and contracting might be considered, however it is a subject to the consent of respective Hungarian Energy and Public Utility Regulatory Authority (hereinafter MEKH) . In such a case Parties will allocate 37,5% of such a capacity requested in Joint Application within this Open Season and the rest of such a capacity will be allocated outside the Open Season Procedure upon the approval of MEKH . For the avoidance of doubt the rest of such a capacity, which allocation is depending on MEKH approval, will be not offered to third Parties unless the approval is denied.
Sample 1

Related to Capacity allocation rules

  • Other Allocation Rules (a) For purposes of determining the Profits, Losses, or any other items allocable to any period, Profits, Losses, and any such other items shall be determined on a daily, monthly, or other basis, as determined by the Directors using any permissible method under Code Section 706 and the Regulations thereunder.

  • Risk Allocation The Product is Regulatorily Continuing.

  • Regulatory Allocations Notwithstanding any provisions of paragraph 1 of this Exhibit B, the following special allocations shall be made.

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

  • Switching and Tagging Rules Each Party shall provide the other Parties a copy of its switching and tagging rules that are applicable to the other Parties’ activities. Such switching and tagging rules shall be developed on a non-discriminatory basis. The Parties shall comply with applicable switching and tagging rules, as amended from time to time, in obtaining clearances for work or for switching operations on equipment.

  • Special Allocations The following special allocations shall be made in the following order:

  • Basic Rules A. If an employee does not present a grievance/appeal or does not appeal the decision rendered regarding his or her grievance/appeal within the time limits, the grievance/appeal shall be considered resolved.

  • Safe Harbor Provisions This Section 24.1 is applicable only to Generation Interconnection Customers. Provided that Interconnection Customer agrees to conform to all requirements of the Internal Revenue Service (“IRS”) (e.g., the “safe harbor” provisions of IRS Notice 2016-36, 2016-25 I.R.B. (6/20/2016)) that would confer nontaxable status on some or all of the transfer of property, including money, by Interconnection Customer to the Interconnected Transmission Owner for payment of the Costs of construction of the Transmission Owner Interconnection Facilities, the Interconnected Transmission Owner, based on such agreement and on current law, shall treat such transfer of property to it as nontaxable income and, except as provided in Section 24.4.2 below, shall not include income taxes in the Costs of Transmission Owner Interconnection Facilities that are payable by Interconnection Customer under the Interconnection Service Agreement or the Interconnection Construction Service Agreement. Interconnection Customer shall document its agreement to conform to IRS requirements for such non-taxable status in the Interconnection Service Agreement, the Interconnection Construction Service Agreement, and/or the Interim Interconnection Service Agreement.

  • Arbitration Rules (a) The arbitration shall be conducted in accordance with this Employment Agreement, using as appropriate the AAA Employment Dispute Resolution Rules in effect on the date hereof. The arbitrator shall not be bound by the rules of evidence or of civil procedure, but rather may consider such writings and oral presentations as reasonable business people would use in the conduct of their day-to-day affairs, and may require both Parties to submit some or all of their respective cases by written declaration or such other manner of presentation as the arbitrator may determine to be appropriate. The Parties agree to limit live testimony and cross-examination to the extent necessary to ensure a fair hearing on material issues.

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