Start-Up Period for each Liquefaction Unit Sample Clauses

Start-Up Period for each Liquefaction Unit. (a) During the Start-Up Period for a given Liquefaction Unit, Liquefaction Services may be offered at less than the full capacity for any or all of the Liquefaction Units. ELC shall notify Customer of changes in the capacity of each Liquefaction Unit. The Parties acknowledge that during the Start-Up Period, the level of Liquefaction Services, Gas requirements, and Retainage may vary significantly. (b) During the Start-Up Period for a given Liquefaction Unit, upon request of ELC, Customer shall use all Reasonable Efforts to procure and deliver to ELC the quantity of Gas necessary for ELC to commission the given Liquefaction Unit (“Start-Up Gas”). ELC shall deliver a notice of such request to Customer no later than ten (10) Business Days before the last trading Day of the month prior to the month during which such Start-Up Gas will be required. ELC shall deliver all LNG and Condensate produced during the Start-Up Period for a given Liquefaction Unit to Customer in accordance with the provisions of this Agreement. Customer shall retain title to (i) all Gas tendered to ELC in accordance with this Agreement, with the exception of quantities retained by ELC as Retainage; and (ii) all LNG and Condensate produced during a Start-Up Period. Customer warrants at the time it tenders Start-Up Gas to ELC pursuant to this Agreement that it has title to such Start-Up Gas in accordance with Section 20.01. (c) If Customer fails to nominate Start-Up Gas in a reasonable time frame, ELC shall have the right but not the obligation to purchase Gas in an amount equal to the deficiency of Customer’s nomination on terms and conditions that are reasonably acceptable to ELC using Reasonable Efforts to obtain the prevailing market price, plus actual and reasonable incremental transportation costs, incremental third party charges and other relevant costs, expenses and fees. Customer shall reimburse ELC for ELC’s costs, expenses and fees in purchasing Gas pursuant to this Section 5.04(c). (d) The Parties acknowledge and agree that, due to the nature of the ELC Liquefaction Facilities’ operation during the Start-Up Period of any Liquefaction Unit, ELC’s obligations to deliver LNG from any Liquefaction Unit shall be subject to ELC’s ability to reasonably accept Gas and deliver LNG during the Start-Up Period in light of construction, commissioning and testing activities then being performed. (e) Operator shall act as a Reasonable and Prudent Operator to cause each Liquefaction Unit to comp...
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Related to Start-Up Period for each Liquefaction Unit

  • STRS PICK-UP The Board agrees, as a condition of employment, to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions. For purposes of this paragraph, total annual salary and salary per pay period of each bargaining unit member shall be the salary otherwise payable under this Agreement, as amended. The total annual salary and salary per pay period of each member shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A member's deferred salary shall be equal to that percentage of said member's total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) to be paid as an employee contribution by said member as a pickup of the STRS employee contribution otherwise payable by said member. A member's cash salary shall be equal to said member's total annual salary or salary per period less the amount of the pickup for said member and shall be payable, subject to applicable payroll deductions, to said member. The Board's total combined expenditures for members' total annual salaries otherwise payable under this Agreement, as amended, (including pickup amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. The Board shall compute and remit its employer contributions to STRS based upon total annual salary, including the "pickup". The Board shall report for Federal and Ohio income tax purposes as a member's gross income said member's total annual salary less the amount of the "pickup". The Board shall report for municipal income tax purposes as a member's gross income said member's total annual salary, including the amount of the pickup. The pickup shall be included in the member's total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. The pickup shall apply to all payroll payments made after the effective date of this provision. Should the Board's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed the IRS permissible level, any such individual shall have the right to adjust annuity deductions within thirty (30) days of the effective date of this provision.

  • Regular Work Day A regular work day shall consist of six and one-half (6½) hours between the hours of 8:00 a.m. and 5:00 p.m.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

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  • Regular Work Week The regular work week shall be any five (5) consecutive days, Sunday through Saturday, for a total regular work week of forty (40) working hours, subject to the applicable premiums where provided for in this Agreement. Notwithstanding the above, employees may volunteer to work schedules that fall outside of the regular work week of Sunday through Saturday and may do so, upon approval by the Company, and with no penalty cost to the Company, but with applicable premiums as provided for in this Agreement.

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  • JOC - PRICING OF Regular Hours Coefficient What is your regular hours coefficient for the RS Means Price Book? (FAILURE TO RESPOND PROHIBITS PART 2 JOC EVALUATION)

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