Common use of Optional Balancing Tolerance Option Clause in Contracts

Optional Balancing Tolerance Option. a percentage, between zero (0) and three per cent (3%), with one significant decimal, allowing for the calculation of the Optional Balancing Tolerance in accordance with the Sub-clause entitled “Optional Balancing Tolerance” in Section D2. Its value is set out in Appendix 2 to the Contract. OTC Transaction: transfer of rights-of-use or full transfer of capacity concluded “over the counter” between two shippers that are members of the capsquare Platform and registered with the said platform, as defined in the Capacity Platform Services Agreement P

Optional Balancing Tolerance Option. a percentage, between zero (0) and three per cent (3%), with one significant decimal, allowing for the calculation of the Optional Balancing Tolerance in accordance with the Sub-clause entitled “Optional Balancing Tolerance” in Section D2. Its value is set out in Appendix 2 to the Contract. OTC Transaction: transfer of rights-of-use or full transfer of capacity concluded “over the counter” between two shippers that are members of the capsquare PRISMA Platform and registered with the said platform, as defined in the Capacity Platform Services Agreement . P