Common use of Contract Durations Clause in Contracts

Contract Durations. 1. In respect of entry or exit agreements that Shippers enter into with TSOs for existing firm entry or exit Capacity at Cross-Border and Market Area Interconnection Points and at entry points from and exit points to storage facilities the following rules shall apply: a) An amount equal to at least 20% of the technical yearly Capacity at the relevant en- try or exit point shall be set aside and offered as follows: • an amount equal to at least 10% of the technical Capacity at the relevant in entry or exit point shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the rele- vant Gas Year, and • a further amount equal to at least 10% of the technical Capacity at the rele- vant entry or exit point shall first be offered no earlier than in the annual auc- tion for quarterly Capacity held during the Gas Year preceding the start of the relevant Gas Year. b) If the amount of Capacity available is less than 20% of the technical yearly Capacity, the entire available Capacity shall be set aside and allocated as follows: • the portion of the available Capacity that is equal to or less than 10% of the technical yearly Capacity shall be offered no earlier than in the annual auc- tion for quarterly Capacity, • any remaining Capacity exceeding 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for yearly Capacity held dur- ing the fifth Gas Year preceding the start of the relevant Gas Year. The technical yearly Capacity shall be expressed and considered in kWh/h. 2. In respect of bookings for all other types of Capacity, such as: a) exit Capacity for the offtake of gas at Exit Points to end users b) entry Capacity for the delivery of gas at Entry Points from production facilities or LNG plants

Appears in 1 contract

Samples: Cooperation Agreement

AutoNDA by SimpleDocs

Contract Durations. 1. In respect of entry or exit agreements that Shippers enter into with TSOs for existing firm entry or exit Capacity at Cross-Border and Market Area Interconnection Points and at entry points from and exit points to storage facilities the following rules shall apply: a) An amount equal to at least 20% of the technical yearly Capacity at the relevant en- try entry or exit point shall be set aside and offered as follows: • an amount equal to at least 10% of the technical Capacity at the relevant in entry or exit point shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the rele- vant relevant Gas Year, and • a further amount equal to at least 10% of the technical Capacity at the rele- vant relevant entry or exit point shall first be offered no earlier than in the annual auc- tion auction for quarterly Capacity held during the Gas Year preceding the start of the relevant Gas Year. b) If the amount of Capacity available is less than 20% of the technical yearly Capacity, the entire available Capacity shall be set aside and allocated as follows: • the portion of the available Capacity that is equal to or less than 10% of the technical yearly Capacity shall be offered no earlier than in the annual auc- tion auction for quarterly Capacity, • any remaining Capacity exceeding 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for yearly Capacity held dur- ing during the fifth Gas Year preceding the start of the relevant Gas Year. The technical yearly Capacity shall be expressed and considered in kWh/h. 2. In respect of bookings for all other types of Capacity, such as: a) exit Capacity for the offtake of gas at Exit Points to end users b) entry Capacity for the delivery of gas at Entry Points from production facilities or LNG plants

Appears in 1 contract

Samples: Cooperation Agreement

Contract Durations. 1. In respect of entry or exit agreements that Shippers enter into with TSOs for existing firm entry or exit Capacity at Cross-Border and Market Area Interconnection Points and at entry points from and exit points to storage facilities the following rules shall apply: a) An amount equal to at least 20% of the technical yearly Capacity at the relevant en- try or exit point shall be set aside and offered as follows: an amount equal to at least 10% of the technical Capacity at the relevant in entry or exit point shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the rele- vant Gas Year, and a further amount equal to at least 10% of the technical Capacity at the rele- vant entry or exit point shall first be offered no earlier than in the annual auc- tion for quarterly Capacity held during the Gas Year preceding the start of the relevant Gas Year. b) If the amount of Capacity available is less than 20% of the technical yearly Capacity, the entire available Capacity shall be set aside and allocated as follows: the portion of the available Capacity that is equal to or less than 10% of the technical yearly Capacity shall be offered no earlier than in the annual auc- tion for quarterly Capacity, any remaining Capacity exceeding 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for yearly Capacity held dur- ing the fifth Gas Year preceding the start of the relevant Gas Year. The technical yearly Capacity shall be expressed and considered in kWh/h. 2. In respect of bookings for all other types of Capacity, such as: a) exit Capacity for the offtake of gas at Exit Points to end users b) entry Capacity for the delivery of gas at Entry Points from production facilities or LNG plants

Appears in 1 contract

Samples: Cooperation Agreement

AutoNDA by SimpleDocs

Contract Durations. 1. In respect of entry or exit agreements that Shippers enter into with TSOs for existing firm entry or exit Capacity at Cross-Border and Market Area Interconnection Points and at entry points from and exit points to storage facilities the following rules shall apply: a) An amount equal to at least 20% of the technical yearly Capacity at the relevant en- try or exit in- terconnection point shall be set aside and offered as follows: an amount equal to at least 10% of the technical Capacity at the relevant in entry or exit in- terconnection point shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the rele- vant Gas Year, and a further amount equal to at least 10% of the technical Capacity at the rele- vant entry or exit interconnection point shall first be offered no earlier than in the annual auc- tion auction for quarterly Capacity held during the Gas Year preceding the start of the relevant Gas Year. b) If the amount of Capacity available is less than 20% of the technical yearly Capacity, the entire available Capacity shall be set aside and allocated as follows: the portion of the available Capacity that is equal to or less than 10% of the technical yearly Capacity shall be offered no earlier than in the annual auc- tion for quarterly Capacity, any remaining Capacity exceeding 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for yearly Capacity held dur- ing the fifth Gas Year preceding the start of the relevant Gas Year. The technical yearly Capacity shall be expressed and considered in kWh/h. 2. In respect of bookings for all other types of Capacity, such as: a) exit Capacity for the offtake of gas at Exit Points to end users or storage facilities b) entry Capacity for the delivery of gas at Entry Points from production storage facilities, produc- tion facilities or LNG plants c) entry Capacity at Entry Points from biogas injection facilities falling within the scope of Part 6 of the Access Regulations, and d) Interruptible Capacity the limitations on contract durations set out in paragraph (1) above shall not apply. 3. Entry or exit agreements within the scope of paragraph (2) above may be entered into: a) at any time where they are entered into for a term of one year or longer, b) no earlier than three months before the start of their term where they are entered into for a term of less than a year, c) no earlier than one month before the start of their term where they are entered into for a term of less than a month, d) no earlier than two hours (subject to paragraph (4) below) but no later than one hour (subject to paragraph (4) below) before the start of their term where they are entered into for a term of less than a gas day, with the agreed term always starting on the hour. Entry and exit agreements which are entered into in accordance with paragraphs (a) to

Appears in 1 contract

Samples: Cooperation Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!