EXCHANGE OF CAPACITY Sample Clauses

EXCHANGE OF CAPACITY. Clause 5 Principles Under the terms of the Contract, the Shipper can exchange capacity with other shipper(s) operating on GRTgaz’s Network. Such exchanges take the form of either a transfer of right-of-use or the full transfer of the capacity concerned as described in Clause 5 of the present document. The Shipper can exchange Daily Capacity with other shipper(s) operating on GRTgaz’s Network by transferring the associated right-of-use in the form of a transfer of right-of-use. The Shipper may also exchange Daily Capacity by transferring any and all rights and obligations in the form of a full transfer of the capacity concerned. The procedures for the transfer of right-of-use are specified in the “Transfer of Capacity right-of-use “ clause in Section B for the Upstream Network, and in the “Transfer of right-of-use of capacities for Consumer Delivery Points” in Section C for the Downstream Network. The procedures for the full assignment of capacity are described in the clause entitled “Full transfer of Capacity subscribed annually and monthly “of Section B for the Upstream Network.
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EXCHANGE OF CAPACITY. Clause 7 Transfer of capacity right- of- use at Consumer Delivery Points The Shipper may transfer to another shipper that has an existing transmission contract with GRTgaz, a right-of-use for all Daily and Hourly Delivery Capacity, Transmission Capacity on the Regional Network and Exit Capacity on the Main Network described in Appendix 2 to the Contract, subscribed by the Shipper – also a Recipient – for its own Consumer Delivery Point(s). The transfer of capacity right-of-use at Consumer Delivery Points is requested by the Shipper through TRANS@ctions, with the name of the transferee being specified along with the request. The transferee must accept the Shipper's request through TRANS@ctions in order for GRTgaz to validate the transfer of the right-of-use. In the case of a Consumer Delivery Point out of which GRTgaz delivers to several Recipients, the Shipper, if it is a Recipient, may transfer this right- of-use to another shipper. The Shipper is thus responsible for having the explicit agreement of the other Recipients concerning the relevant Consumer Delivery Point and transfer period. The transfer of capacity right-of-use at Consumer Delivery Points may take place on a monthly or annual basis, and the request for a transfer of right-of-use must be made by the Shipper and accepted by the transferee before the 20th of month M-1 for it to start on the 1st of month M. In the case where the right-of-use for capacity related to a Consumer Delivery Point has been transferred, the right-of-use of any Capacity Allocated to the transferor Shipper and related to the same Consumer Delivery Point shall automatically be assigned to the transferee during the transfer period. In accordance with the capacity right-of-use transfer, the terms of Sub-clause 13.3 are applicable to the transferee. The Shipper that initially held the capacity remains liable towards GRTgaz, under the Contract for all the obligations concerning the capacity for which the right-of-use is transferred, in particular the obligation to pay for the Allocated Capacity and for the potential Hourly and Daily Capacity Overruns and for Daily Transmission Capacity Overruns on the Regional Network as set out in Clause 10. In case of persistent non-payment by the Shipper who transferred the capacity right-of-use, and after reminding the said Xxxxxxx, GRTgaz shall inform the transferee of the non-payment at the time of the second reminder. Potential Daily Exit Capacity Overruns from the Main Network specifi...
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EXCHANGE OF CAPACITY. 9 Clause 7 Transfer of capacity right-of-use at Consumer Delivery Points CHAPTER 4 DETERMINATION OF QUANTITIES 10 Clause 8 Forecasts, Nominations and Schedules Clause 9 Determination of quantities
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EXCHANGE OF CAPACITY. The Shipper can of exchange Daily Entry and Exit Capacity at Network Interconnection Points and Daily Link Capacity with other shippers of the Network, either by transferring rights-of-use or by an assignment of all the rights and obligations of the capacity . As regards the Midi Network Interconnection Point, the Shipper undertakes to make a symmetrical transfer (consistent capacity, similar period and counterparty) on the network of the Adjacent Operator, TIGF. It relies on the transferor shipper and on the transferee shipper to register such transfer with the Adjacent Operator, in accordance with the rules set out by this Adjacent Operator. Clause 7 Transfe r of capacity right-of-use The Shipper can transfer to another shipper with an existing transmission contract with GRTgaz the right- of-use covering all or part of each Firm Daily Entry Capacity at the Network Interconnection Point, Firm Daily Exit Capacity at the Network Interconnection Point or Firm Daily Link Capacity specified in the Appendix 2 of the Contract. In this case, the Shipper which first holds the capacity remains liable towards GRTgaz, under the Contract, for all the obligations related to the capacity for which the right-of-use is transferred, in particular, the obligation of payment. The Shipper which has acquired a capacity right-of-use through a transfer of the said right-of-use continues to hold that right even if the Shipper which first held the capacity fails to carry out its obligations under the Contract. The capacity right-of-use which was acquired by the transferee shipper can be transferred by the latter, wholly or in part, to another shipper with an existing transmission contract with GRTgaz. In this case, the Shipper which first holds the capacity still owes GRTgaz, under the terms of the Contract, all the obligations relating to the capacity for which the right-of-use is transferred, in particular, the obligation of payment. In no case may the Transfer of Capacity Right-of-Use apply to Releasable Capacity. Any transfer of rights-of- use made under this Clause 7 shall be carried out via the capsquare Platform. The capsquare Platform allows the transfer of right-of-use on daily capacity for use in month M+1 as from the 20th day of month M. The transfer shall be completed when the transaction status on the capsquare Platform is recorded as “Covered”. In parallel, the transfer of the right-of-use appears in TRANS@ctions. The conditions of access to the capsquare Platform ar...
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Related to EXCHANGE OF CAPACITY

  • Assessment of capacity For the purpose of establishing the percentage of the rate to be paid to an employee under this Agreement, the productive capacity of the employee will be assessed in accordance with the Supported Wage System and documented in an assessment instrument by either:

  • Reclassification If any reclassification of the capital stock of the Company shall be effected in such a way that holders of Common Stock shall be entitled to receive stock, securities, or other assets or property, then, as a condition of such reclassification, lawful and adequate provisions shall be made whereby the Holder hereof shall thereafter have the right to purchase and receive (in lieu of the shares of the Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby) such shares of stock, securities or other assets or property as may be issued or payable with respect to or in exchange for a number of outstanding shares of such Common Stock equal to the number of shares of such Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby. In any reclassification described above, appropriate provision shall be made with respect to the rights and interests of the Holder of this Warrant to the end that the provisions hereof (including, without limitation, provisions for adjustments of the Exercise Price and of the number of shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be applicable, as nearly as may be, in relation to any shares of stock, securities or assets thereafter deliverable upon the exercise hereof.

  • Change of Carriers The Employer shall provide to the Union and to each person a copy of the current information booklets for those benefits provided under this Article. The Union shall be provided with a current copy of the Master Policy. It is clearly understood that the Employer's obligation pursuant to this Collective Agreement is to provide the insurance coverage bargained for. The Employer will provide a minimum of thirty (30) days’ notice to the Union prior to substituting carriers.

  • Change of Carrier It is understood that the Employer may at any time substitute another carrier for any Plan (other than OHIP) provided the benefits are equivalent and are neither reduced or increased. The Employer shall provide to the Union full specifications of the benefit programs contracted for before implementation of any change.

  • Exchange of Traffic 66.2.1. The Parties may send each other Indirect Traffic.

  • Exchange of Shifts Employees may exchange shifts with the approval of the Employer, provided that, whenever possible, sufficient advance notice in writing is given and provided that there is no increase in cost to the Employer.

  • WITHDRAWAL OF CAPITAL No Member may withdraw all or any part of its Capital Contribution except with the unanimous consent of the mangers or as provided in Article III (regarding distributions generally) or Article VIII (regarding dissolution of the Company).

  • Dividend Subdivision, Combination or Reclassification of Common ---------------------------------------------------------------- Stock. In the event that the Company shall at any time or from time to time, ----- after the issuance of this Warrant but prior to the exercise hereof, (w) pay a dividend or make a distribution on the outstanding shares of Common Stock payable in Capital Stock, (x) subdivide the outstanding shares of Common Stock into a larger number of shares, (y) combine the outstanding shares of Common Stock into a smaller number of shares or (z) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 5), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, that the Exercise Price -------- ------- for each Warrant Share shall in no event be less than the par value of such Warrant Share. An adjustment made pursuant to this Section 5.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

  • Amalgamation Each Grantor acknowledges and agrees that, in the event it amalgamates with any other corporation or corporations, it is the intention of the parties hereto that the term “Grantor,” when used herein, shall apply to each of the amalgamating corporations and to the amalgamated corporation, such that the security interest granted hereby:

  • Change of Vehicle 13.1 We reserve the right to substitute a comparable or superior Vehicle in extreme circumstances. This does not constitute a breach of contract and does not entitle You to any refund.

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