MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD Sample Clauses

MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD. Requests for Annual Band capacity with a short notice period are allocated on the following basis. A. OSP for the annual sale of Firm Capacity, beginning on the first (1st) Day of Month M: • All requests arriving between the eleventh (11th) calendar day of Month M-7 and the twentieth (20th) calendar day of Month M-7 inclusive are deemed simultaneous and to have been received at zero hours (00:00) on the twenty-first (21st) calendar day of Month M-7; • In the event of a request exceeding the available capacity, such capacity will be distributed proportionally to requests, and allocated according to the following steps: 1. Possible capping of shippers’ requests to the cap corresponding to available Firm Capacity. 2. Allocation of available Firm Capacity proportionately to the capacity requested by shippers.‌ B. OSP for annual sales of Interruptible Capacity, beginning on the first (1st) Day of Month M: • In the event that, following the previous allocation, all capacity has been allocated, GRTgaz shall initiate an OSP for annual Reservations of Interruptible Capacity beginning on the first (1st) Day of Month M: all requests arriving between the twenty-first (21st) calendar day of Month M-7 and the last calendar day of Month M-7 inclusive are deemed simultaneous and to have been received at zero hours (00:00) on the first (1st) calendar day of month M-6; • In the event of a request exceeding available capacity, such capacity will be distributed proportionally to requests, and allocated according to the following steps: 1. Possible capping of shippers’ requests to the cap corresponding to the available Interruptible Capacity. 2. Allocation of available Interruptible Capacity proportionately to the capacity requested by shippers. C. “First come, first served” capacity allocation process • If GRTgaz does not initiate an OSP for Interruptible Capacity, requests arriving between the twenty-first (21st) calendar day of Month M-7 and midnight (24:00) on the last day of month M-2 will be allocated on a “first come, first served” basis. • If GRTgaz initiates an OSP for Interruptible Capacity, requests arriving between the first (1st) calendar day of month M-6 and he last day of month M-2 at midnight (24:00) will be allocated on a “first come, first served” basis. D. Conversion of interruptible capacity into firm capacity at the Shipper’s request The Shipper can ask to convert, for the duration of one (1) year, the annual Interruptible Capacity allocated to it under a ...
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MARKETING OF FIRM AND INTERRUPTIBLE CAPACITY WITH A SHORT NOTICE PERIOD. The annual firm and interruptible capacity subscriptions with a short-notice period are booked by the Shipper in accordance with the marketing conditions described below. Capacity is marketed on annual band beginning on the first (1st) Day of April of each year. The marketing process is divided into two (2) phases: o The first phase, in which the Shipper can participate only if he holds a delivery license enabling him to supply end customers or if the Shipper is itself the Recipient at a Delivery Point. o The second phase is open to any Shipper, except in case the Shipper participates in the first marketing phase with the “guaranteed allocation” option as described below. Only fifty percent (50%) of Firm Capacity and fifty percent (50%) of Interruptible Capacity can be marketed during the first phase. During the second phase, the sum of the capacity remaining unsold in the first phase in addition to (50%) of Firm Capacity and fifty percent (50%) of Interruptible Capacity of the second phase are -marketed. The subscription windows for multiannual capacity and the commercialization rounds over two (2) or three (3) years with a long-notice period and for annual capacity with a short-notice period are published on GRTgaz public website xxx.xxxxxx.xxx. A. First phase During the first marketing phase, the Shipper has the choice between one of the two (2) following options exclusively: o The “guaranteed allocation” option, for which the Shipper’s request is capped to the limit of 1.5 GWh/d. By choosing this option, the Shipper is allocated with priority over the shippers who have chosen the “classic” option. In the event of a request exceeding the capacity available, the capacity allocation is carried out proportionally to the shipper’s requests under the “guaranteed allocation” option. o The “classic” option, for which the Shipper’s request is capped to the upper limit corresponding to the capacity available for sale during that stage. In the event of the requested quantities exceeding the capacity available, such capacity will be allocated proportionally to the requests submitted by the Shippers under the “classic” option, once the requests that have been made under the “guaranteed allocation” option have been allocated. Under no circumstances can the Shipper participate in the marketing of capacity using both options, i.e. the “guaranteed allocation” and “classic” option. B. Second phase During the second phase, the marketing process is organised according to ...

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  • NOTICE OF DELAYS Except as otherwise provided under this Contract, when either party has knowledge that any actual or potential situation is delaying or threatens to delay the timely performance of this Contract, that party shall, within one (1) business day, give notice thereof, including all relevant information with respect thereto, to the other party.

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