DAILY CAPACITY SUBSCRIPTION Sample Clauses

DAILY CAPACITY SUBSCRIPTION. Requests for daily subscriptions of Entry and Exit Capacity at Transport Storage Interface Points (PITS) for a given Day D must be submitted by the Shipper on Day D-1 between 2 p.m. (14:00) and 10 p.m. (22:00) via TRANS@ctions. The Shipper’s request is deemed to be equal to the difference between the Shipper’s Nomination and the sum of the Firm and Interruptible Daily Capacity subscribed by the Shipper at the Transport Storage Interface Point concerned for the gas flow direction in question, whether incoming or outgoing. The daily Capacity allocated by GRTgaz to the Shipper is equal, within the limits of the Network’s capacity, respectively to the daily withdrawal and injection capacity allocated by the Storage Operator(s) under its daily capacity service, as a supplement to the corresponding annual capacity. Each Daily Entry Capacity and each Daily Exit Capacity at a Transport Storage Interface Point specified in the Appendix 2 of the Contract can be amended by GRTgaz on the basis of information provided by the Storage Operator(s). Clause 6 Procedure s for subscribin g capacity and accessing th e Auxiliary Services
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DAILY CAPACITY SUBSCRIPTION. Concerning storage products with a duration of less than one (1) Month or in excess or equal to one (1) Day allocated to the Shipper by the storage Operator(s), the Daily Entry (respectively Exit) Transport Storage Interface Capacity at the Transport Storage Interface Points are allocated automatically to the Shipper by GRTgaz provided there is sufficient capacity on the Network and on the basis of the storage capacities previously allocated by the storage Operator(s). In case of Daily Quantity scheduled by the Shipper superior to the sum of the Transport Storage Interface Capacities subscribed by the Shipper at Transport Storage Interface Point for a given direction (Entry or Exit), the Daily Transport Storage Interface Capacities are automatically allocated by GRTgaz ex post. The allocation is equal to the difference between the Daily Quantity Scheduled by the Shipper and the sum of the Transport Storage Interface Capacities beforehand subscribed by the Shipper at the Transport Storage Interface Point in the given direction. Clause 7 Reservation procedures for capacity
Sample 1
DAILY CAPACITY SUBSCRIPTION. Requests for daily subscriptions of Entry and Exit Capacity at Transport Storage Interface Points (PITS) for a given Day D must be submitted by the Shipper on Day D-1 between 2:00 p.m. (14:00) and 10:00 p.m. (22:00) via TRANS@ctions. The Shipper’s request is deemed to be equal to the difference between the Shipper’s Nomination and the sum of the Firm and Interruptible Daily Capacity subscribed by the Shipper at the Transport Storage Interface Point concerned for the gas flow direction in question, whether incoming or outgoing. The daily capacity allocated by GRTgaz to the Shipper is equal, within the limits of the Network’s capacity, respectively to the daily withdrawal and injection capacity allocated by the Storage Operator(s) under its daily capacity service, as a supplement to the corresponding annual capacity. Each Daily Entry Capacity and Daily Exit Capacity at a Transport Storage Interface Point specified in the Appendix 2 to the Contract can be amended by GRTgaz on the basis of information provided by the Storage Operator(s). At the Transport Storage Interface Points and only in each flow direction in the case of a capacity reduction in the given direction, GRTgaz offers Short-term Use-It-Or-Lose-It (UIOLI) capacity, making it possible for the Shipper to request additional capacity beyond its Initial Operational Capacity. Such capacity may be allocated in full or in part in the event that one or several Shippers have not used in full their Operational Capacity (-ies) at the relevant point a given Day. Such Short-term UIOLI capacity allocated to the Shipper may be reduced, partially or totally at any time in the event of a new Nomination by shippers holding primary capacity. An excess of Nominations relative to the Initial Operational Capacity shall be considered a Short-term UIOLI capacity request from the Day D-1 at 2pm (14:00) to the Day D at 3am (3:00). Short-term UIOLI capacity is allocated at the end of each cycle and published exclusively via the IT System in the present case in the beneficiary Shipper’s Operational Capacity Statement. In this case, Short-term UIOLI capacity requested on the Day D («intra-day» or «within-day» requests) is allocated to the Shipper who is the beneficiary in that case on a daily basis at the end of each cycle on Day
Sample 1

Related to DAILY CAPACITY SUBSCRIPTION

  • Action in Shareholder Capacity Only The parties acknowledge that this Agreement is entered into by Shareholder solely in such Shareholder’s capacity as the Beneficial Owner of such Shareholder’s Owned Securities and nothing in this Agreement restricts or limits any action taken by such Shareholder in its capacity as a director or officer of the Company or any of its Affiliates and the taking of any actions (or failure to act) in its capacity as an officer or director of the Company, or any of its Affiliates, will not be deemed to constitute a breach of this Agreement, regardless of the circumstances thereto.

  • Action in Stockholder Capacity Only Stockholder makes no agreement or understanding herein as director or officer of the Company. Stockholder signs solely in his capacity as a recordholder and beneficial owner of the Shares, and nothing herein shall limit or affect any actions taken in his capacity as an officer or director of the Company.

  • Capacity as Stockholder Each Stockholder signs this Agreement in such Stockholder’s capacity as a stockholder of the Company, and not, if applicable, in such Stockholder’s capacity as a director, officer or employee of the Company. Notwithstanding anything herein to the contrary, nothing in this Agreement shall in any way restrict a director or officer of the Company in the taking of any actions (or failure to act) in his or her capacity as a director or officer of the Company, or in the exercise of his or her fiduciary duties in his or her capacity as a director or officer of the Company, or prevent or be construed to create any obligation on the part of any director or officer of the Company from taking any action in his or her capacity as such director or officer.

  • Capacity as Shareholder Each Shareholder signs this Agreement solely in such Shareholder’s capacity as a shareholder of the Company, and not in such Shareholder’s capacity as a director, officer or employee of the Company, if applicable.

  • Shareholder Capacity No Person executing this Agreement who, during the term hereof, is or becomes a director or officer of the Company makes any agreement or understanding herein in his or her capacity as a director or officer of the Company. Each Principal Shareholder signs solely in his, her or its capacity as the record holder and beneficial owner of, or the trustee of a trust whose beneficiaries are the beneficial owners of, Principal Shareholder Shares.

  • Stockholder Capacity No Person executing this Agreement who is or becomes during the term hereof a director or officer of the Company shall be deemed to make any agreement or understanding herein in his or her capacity as such director or officer. Stockholder signs solely in his, her or its capacity as the beneficial owner of the Subject Shares and nothing herein shall limit or prohibit Stockholder or any of its Representatives, in his or her capacity as an officer or director of the Company, from taking any action or failing to take any action in such capacity.

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • Maximum Capacity The Sick Leave Bank shall accumulate unused Bank days from year to year to a maximum capacity which shall not exceed double the number of eligible employees as defined in the above Section C, Eligibility for Membership.

  • Purchase Shares Subject to the terms and conditions hereinafter set forth herein, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the holder hereof in writing), to purchase from the Company up to ( ) fully paid and nonassessable shares of Common Stock, par value $0.0001, of the Company, as constituted on the Warrant Issue Date (the “Common Stock”). The number of shares of Common Stock issuable pursuant to this Section 1 (the “Shares”) shall be subject to adjustment pursuant to Section 9 hereof.

  • Investor 2.1 The Investor, by following a Strategy of a Strategy Provider, hereby agrees to the following: A. To authorize and instruct the Strategy Provider to act on his/her behalf in accordance with the specific Strategy in connection to the Investment Account; B. To authorize and instruct the Company to take any necessary action to follow the Strategy of the Strategy Provider selected by the Investor; C. Any Strategy selected to be followed by the Investor should be followed in the proportion of the funds of the Investor in the Investment Account; D. To authorize and instruct the Company to transfer the Strategy Provider’s commission from the Investment Account to the account allocated by the Strategy Provider for this purpose at the end of each Social Trading Period. 2.2 Details and/or information in relation to the Investor‘s trading activities while using the Social Trading service shall be available on the Social Trading website and/or Social Trading mobile application. 2.3 The Investor may start copying a Strategy, deposit and transfer funds and/or withdraw any available funds to and from his/her Investment Account in accordance with the procedures and restrictions available from time to time on the Social Trading mobile applications and/or Website and/or any other website maintained by the Company for Social Trading and subject to the Agreement. 2.4 The Investor can transfer the funds allocated for following a specific Strategy from his/her Investment Account after he/she stops following a Strategy. 2.5 The Investor may stop following Strategy at any time during the time the market is open and the relevant Open Position(s) shall be closed at market price. 2.6 The Company reserves the right at its absolute discretion to close any or all Open Position(s) of a Strategy Provider at any time and the Investor’s Account shall be adjusted accordingly. 2.7 The Social Trading system may close any or all Open Position(s) of an Investor at any time. 2.8 The Investor may deposit via the payment systems/methods available by the Company for the Social Trading service from time to time. 2.9 The Investor acknowledges and accepts that by following a Strategy of a specific Strategy Provider he/she accepts the commission and Leverage set by the respective Strategy Provider. 2.10 The Investor acknowledges and understands that he/she should always maintain the required Balance reflected in his/her Investment Account in order to follow the specific Strategy selected. 2.11 The Investor acknowledges and agrees that once he/she selects to start following and copying a specific Strategy, all the existing Open Positions under that particular Strategy will automatically be followed and copied by the Investor together with any further new trading orders performed by the Strategy Provider under the specific Strategy. 2.12 The Investor acknowledges and accepts that variations in the pricing may occur from the moment that the Investor selects to copy a specific Strategy to the actual moment that the Investor starts copying such a Strategy. 2.13 In addition to clause 11.1 of Part A of the current Agreement, each of the following constitutes an “Event of Default” for the Investor: A. Which can be characterized as excessive, without legitimate intent, to profit from market movements; B. While relying on price latency or arbitrage opportunities; C. Which can be considered as market abuse; D. During abnormal market/trading conditions. 2.14 If an Event of Default occurs the Company may, at its absolute discretion, at any time and without prior Written Notice, take one or more of the following actions in addition to Clause 11.2 of Part A:

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