Common use of Use It Or Lose It Clause in Contracts

Use It Or Lose It. (UIOLI) means an automatic application by which the underlying Cross Zonal Capacity of the non-nominated Physical Transmission Rights are not available for further Capacity Allocation and whereby Physical Transmission Right holders that do not nominate do not have rights to receive a payout; Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;