Common use of Term of Capacity Release Clause in Contracts

Term of Capacity Release. The Capacity Release shall be accomplished in a manner that shall provide Manager with the appropriate capacity for a term of thirty-six (36) months. The Capacity Release shall be released at the maximum reservation rates and reservation surcharges under the applicable contracts and in accordance with the terms and conditions of the document or documents evidencing the releases. The releases may be revoked pursuant to Article IX if there is a material breach or early termination of this Agreement. Upon revocation, Counterparty reassumes all rights and obligations that had been released to Manager.

Term of Capacity Release. The Capacity Release shall be accomplished in a manner that shall will provide Manager with the appropriate capacity for a term of thirty-six (36) months. The Capacity Release shall be released at the maximum reservation rates and reservation surcharges under the applicable contracts and in accordance with the terms and conditions of the document or documents evidencing the releases. The releases may be revoked pursuant to Article IX X if there is a material breach or early termination of this Agreement. Upon revocation, Counterparty reassumes all rights and obligations that had been released to Manager.