Ramp Up/Down and Cool Down Times Sample Clauses

Ramp Up/Down and Cool Down Times. Any ramp up or ramp down of regasification between fifty (50) MMscfd to five hundred (500) MMscfd will be carried out within two (2) hours assuming a train is cooled down and in operation. Time required to cool down a spare booster pump/train, including preparation time is twelve plus two (12+2) hours. In case a standby train is maintained in cold condition, time required to bring a cold train to operation is one (1) hour. To: Deutsche Energy Terminal GmbH Xxxxxx Xxxxxxx 0, 00000 Xxxxxxxxxx, Xxxxxxx Attention: Xxxxxx Xxxxxxxx Dear Sir/Madam, 1. By order of and for account of [insert name of applicant] (“Applicant”), we (the “Issuing Bank”) herewith issue our irrevocable, unconditional Standby Letter of Credit No. [●] (this “Letter of Credit”) in favour of Deutsche Energy Terminal GmbH (“Beneficiary”) for an amount of [●] Euros (€[●]) (“Maximum Amount”), and for the period commencing on the date of this Letter of Credit and expiring on [31 December 2024] in Germany (“Expiry Date”). 2. This Letter of Credit is issued in connection with the Terminal Use Agreement for Floating LNG Import Terminal in the Port of Stade entered into between Applicant as User and Beneficiary as Operator dated [insert date] (as amended, modified and supplemented from time to time) (“TUA”). 3. We hereby irrevocably authorise you to draw on us from time to time, in accordance with the terms and conditions herein set forth, an amount not to exceed the Maximum Amount less the aggregate amount of all prior payments actually made by us in respect of prior Xxxxxx(s) made hereunder (the “Maximum Available Amount”). Multiple and partial drawings are allowed under this Letter of Credit. 4. Drawings hereunder shall be made by you by providing to us a notice by courier on your letterhead, signed by your authorised officer to , Attention: , Address , or by authenticated SWIFT to , Attention: , SWIFT , in each case in the form of Annex 1 hereto (the “Demand”), with the blanks appropriately completed. 5. Our obligations under this Letter of Credit shall be to pay within three (3) Business Days (as defined below) following the date of the receipt by the Issuing Bank of such Demand, by transferring to the bank account nominated in the Demand, the amount specified in the Demand in immediately available funds, free and clear of any withholding or deduction on account of tax, set-off or counterclaim. 6. Drawings hereunder may be made during the period from the date of this Letter of Credit until the c...
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