MARKETING OF RELEASABLE CAPACITY Sample Clauses

MARKETING OF RELEASABLE CAPACITY. A. In the event that a Shipper, via a subscription or a transfer of capacity from another shipper under Clause 8 of Section B, obtained more than twenty per cent (20%) of marketable annual Firm Capacity on the points detailed in the table below, a fraction R of the share of the capacity it holds above that twenty per cent (20%) of marketable annual Firm Capacity shall be converted into Releasable Capacity. When the Shipper, under Clause 8 of Section B, transfers a share of the annual Firm Capacity it holds, the share of its capacity converted into Releasable Capacity is recalculated accordingly. However, the capacity already released is not affected by this. Fraction R of Releasable Capacity is defined in the table below: R 20% 20% 0% 15% B. The Shipper’s Releasable Capacity is released at the request of GRTgaz, month by month, partially or totally, only if no more or not enough Firm Capacity is available. The Shipper undertakes to release at any time at the request of GRTgaz all or part of each releasable Daily Entry Capacity at the Network Interconnection Point, as described in Appendix 2 to the Contract. C. Releasable Capacity may only be released for the benefit of another shipper that has subscribed capacity for one or several complete year(s) and only if the capacity it holds is strictly less than twenty per cent (20%) of total annual Firm Capacity after this release is applied. D. If, at a given point, several shippers hold Releasable Capacity, the capacity actually released is deducted in proportion to each shipper’s Releasable Capacity. E. The release of all or a part of the Releasable Capacity does not give rise to a new conversion of annual Firm Capacity into Releasable Capacity.
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