OBLIGATION TO AWARD CAPACITY Sample Clauses

OBLIGATION TO AWARD CAPACITY. (i) KMLP shall only be obligated to award firm capacity if the applicable maximum rate is submitted for the entire term of a valid bid in a binding open season or is requested for the entire term of a valid request under the Request Procedure, up to the firm capacity covered by the maximum rate bid(s) or request(s), without regard to any reserve price (if applicable). If such a maximum rate bid or request is received, KMLP shall be obligated to award the capacity either to the Shipper submitting such a valid bid or request or to a competing bidder or requestor. However, all capacity award will be based on the application of the posted criteria outlined in Section (3)(i) and (ii) for evaluating bids or requests.
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OBLIGATION TO AWARD CAPACITY. (i) TIGER shall be obligated to award firm capacity if the applicable maximum rate is submitted for the entire term of a valid bid in any open season or is requested for the entire term of a valid request under the Request Procedure, up to the firm capacity covered by the maximum rate bid(s) or request(s). If such a maximum rate bid or request is received, TIGER shall be obligated to award the capacity either to the Shipper submitting such a valid bid or request or to a competing bidder or requestor. The capacity award will be based on the posted criteria hereunder for evaluating bids or requests. (ii) Notwithstanding the foregoing, TIGER may, but shall not be obligated to, award firm capacity based on the following types of otherwise valid bids or requests: (a) any bid or request for a term of less than one (1) Year, under which service is to commence more than ninety (90) days following close of the open season; and (b) any bid or request for a term which is not continuous from the commencement of service date to the termination of service date reflected in the bid and/or which specifies different MDQs for various time periods. TIGER shall not be obligated on any Day to transport Gas quantities, excluding Fuel Gas, Lost and Unaccounted For Gas, and Booster Compression Fuel, from Receipt Points which are located west of Highway 789, which in aggregate for all Shippers total more than 1,000,000 Dth per day. Such aggregate total shall not include any backhaul or exchange quantities.
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Related to OBLIGATION TO AWARD CAPACITY

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Relationship to Award 2.1 This Agreement incorporates those terms of the National Electrical, Electronic and Communications Contracting Industry Award 1998 as at December 2005 (as amended) that are set out in Appendix K. A reference in this Agreement to the “Award” means the Award terms as set out in Appendix K. 2.2 If an inconsistency exists between the Common Clauses and Appendix K, the Common Clauses will take precedence. 2.3 If an inconsistency exists between Appendix K and any other Appendix of this Agreement, that other Appendix will take precedence.

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  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

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  • NO EXPECTATION OF CONTINUED EMPLOYMENT BEYOND TERM OF CONTRACT Neither this contract nor any Board Policy, rule or evaluation procedure shall confer upon the Employee continued employment beyond the term provided in this contract.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

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