Common use of Short-Term Use-It-Or-Lose-It Clause in Contracts

Short-Term Use-It-Or-Lose-It. (Short-Term UIOLI): mechanism allowing the allocation by GRTgaz to a shipper having made a request of capacity subscribed by another shipper and not confirmed. The Short-Term Use-It- Or-Lose-It mechanism applies to Transport Storage Interface Points in the event of a reduction in capacity.

Appears in 5 contracts

Samples: www.grtgaz.com, www.grtgaz.com, www.grtgaz.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.