LONG TERM USE IT OR LOSE IT Sample Clauses

LONG TERM USE IT OR LOSE IT. If the schedule for Month M does not show any Available Firm Capacity, any Unloading cancelled, except in cases of force majeure, shall be recorded and reported to the CRE. The CRE may demand the restitution of the Subscription by the Shipper in question following a case-by-case analysis. Furthermore, should access to the Terminal be congested, and at the CRE's request, the Operator shall provide it with all information on the Reservation Requests over the period affected by this congestion.

LONG TERM USE IT OR LOSE IT. Also in accordance with CMP, IUK undertakes to review long-term capacity utilisation if other parties are unable to obtain capacity in the IUK transportation system after taking reasonable steps to acquire it, with a view to determining if systematically underutilised capacity exists according to the definitions of CMP. Utilisation will include a Shipper’s nominations, plus any capacity they advertise for sale on the secondary market or successfully sell to another party. IUK’s NRAs may ultimately instruct IUK to withdraw capacity from a Shipper if they consider the Shipper to be systematically underutilising capacity. This capacity would then be made available to other parties. Any revenue received from the sale of this capacity would be returned to the Shipper from whom the capacity had been withdrawn, up to a limit of their relevant payment obligations for such capacity.

LONG TERM USE IT OR LOSE IT. Also in accordance with CMP, IUK undertakes to review long-term capacity utilisation if other parties are unable to obtain capacity in the IUK transmission system after taking reasonable steps to acquire it, with a view to determining if systematically underutilised capacity exists according to the definitions of CMP. Utilisation will include a Shipper’s nominations, plus any capacity they advertise for sale on the secondary market or successfully sell to another party. IUK’s NRAs may ultimately instruct IUK to withdraw capacity from a Shipper if they consider the Shipper to be systematically underutilising capacity. This capacity would then be made available to other parties. Any revenue received from the sale of this capacity would be returned to the Shipper from whom the capacity had been withdrawn, up to a limit of their relevant payment obligations for such capacity. THE CONTRACT In order to subscribe to the services outlined above, a party must first sign the IAA and adhere to the capacity utilisation rules contained therein, illustrated below: IUK Access Contractual Structure IAA Summary Describes the transportation model and the related services offered by IUK IUK Access Agreement (“IAA”) • Document that IAA Shipper signs setting out specific and general contractual terms, binding them to the IUK Access Code • Appendices Include - • General Terms & Conditions - invoicing & payment, credit criteria, representations & warranties, bribery and corrupt practices, force majeure, suspension and termination, quality, liability, confidentiality, notices, communications and exchange of information, general, resolution of claims & disputes, arbitration, applicable law, sanctions • Definitions & Interpretation IUK Access Code (“IAC”) The commercial operations rules of the transportation service, covering – • capacity • measurement, sampling and • nomination and matching testing procedures • quality requirements & • allocation of gas operating conditions • balancing • interruption, constraint • charging management, maintenance IUK Charging Methodology Statement Sets out values of key charges that apply under the IAA and IAC The IAA is concluded for an indefinite period, with termination rights defined; the service confirmation will be set out on ISIS.