Common use of LONG TERM USE IT OR LOSE IT Clause in Contracts

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. If the schedule for Month M does not show any Available Firm Capacity, any Unloading cancelledcancelled without notification, 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.