Renomination Clause Samples

The Renomination clause defines the process by which a party can revise or update a previously submitted nomination, typically in contracts involving the delivery or receipt of goods, services, or resources such as energy. This clause outlines the conditions, timeframes, and procedures for making such changes, often specifying deadlines and any limitations on the frequency or scope of renominations. Its core practical function is to provide flexibility and adaptability in contractual arrangements, allowing parties to respond to changing circumstances or updated requirements while maintaining clear communication and minimizing disputes.
Renomination. The Storage Customer shall be entitled to change the nominated gas quantities (Renomination); the rules for Nominations shall apply. A Renomination has to be made two clock hours in advance and shall have - until the hour of the requested change - identical hourly quantities in regard to the confirmed Nomination.
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Renomination. (a) Notwithstanding the notification deadline set forth in Clause 2.1(a) above, User may request to modify the Daily Nomination by specifying an amended flow rate of Gas to be delivered at the Gas Delivery Point (the “Amended ▇▇▇▇▇ Rate”) prior to the end of the Gas Day to which the Daily Nomination notice applies by sending a notice to Operator (“Renomination Notice”). (b) Operator shall, subject to cool down times and the ramp-up and ramp-down times, use reasonable endeavours to adjust the rate of Gas delivered at the Gas Delivery Point as soon as possible after receiving the Renomination Notice, but in no event later than three (3) hours after receipt of the Renomination Notice plus any time required to cool down and/or ramp up required regasification trains (the “Response Time”). The Gas Nomination on a day where the User has issued a Renomination Notice shall be adjusted, taking into account the Amended ▇▇▇▇▇ Rate and the Response Time.
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Related to Renomination

  • Nomination The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottee shall obtain prior written permission of the Promoter and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

  • Board Membership During the Employment Term, Executive will serve as a member of the Board, subject to any required Board and/or stockholder approval.

  • Nominations 4.01 Transportation Services provided hereunder shall be in accordance with the prescribed nominations procedure as set out in Schedule “B 2010” of Union’s C1 Rate Schedule.

  • Nomination of Directors Except as otherwise fixed by resolution of the Board of Directors pursuant to the Articles of Incorporation relating to the authorization of the Board of Directors to provide by resolution for the issuance of Preferred Stock and to determine the rights of the holders of such Preferred Stock to elect directors, nominations for the election of directors may be made by the Board of Directors, by a committee appointed by the board of directors, or by any stockholder of record at the time of giving of notice provided for herein. However, any stockholder entitled to vote in the election of directors as provided herein may nominate one or more persons for election as directors at a meeting only if written notice of such stockholder's intent to make such nomination or nominations has been delivered to or mailed and received by the secretary of the corporation not later than, (a) with respect to an election to be held at an annual meeting of stockholders, 120 calendar days in advance of the first anniversary of the date the corporation's proxy statement was released to security holders in connection with the preceding year's annual meeting; PROVIDED, HOWEVER, that in the event that the date of the annual meeting is changed by more than thirty (30) days from such anniversary date, notice by the stockholder to be timely must be received not later than the close of business on the tenth (10th) day following the earlier of the day on which notice of the date of the meeting was mailed or public disclosure was made, and (b) with respect to an election to be held at a special meeting of stockholders for the election of directors, not earlier than the close of business on the 90th day prior to such special meeting and not later than the close of business on the later of the 60th day prior to such special meeting or the tenth (10th) day following the day on which public disclosure is first made of the date of the special meeting and the nominees proposed by the board of directors to be elected at such a meeting. Notwithstanding any of the foregoing to the contrary, in the event that the number of directors to be elected by the Board of Directors of the corporation is increased and there is no public disclosure by the corporation naming the nominees for director or specifying the size of the increased Board of Directors at least seventy (70) days prior to the first anniversary of the date of the preceding year's annual meeting, a

  • Election The President, the Treasurer and the Secretary shall be elected annually by the Trustees. Other officers, if any, may be elected or appointed by the Trustees at any time. Vacancies in any office may be filled at any time.