Examples of Approved Nomination in a sentence
The effect of the application of the Primary Allocation Agreement’s OBA Principles for Shippers is that each Shipper will be allocated its Approved Nomination at each Welded Point each Day (as that Approved Nomination is amended in accordance with the provisions of this Operating Code).
A Provisional Nomination shall not become an Approved Nomination, and the Shipper’s request to amend a Provisional Nomination shall not have effect, until MDL has confirmed that Approved Nomination to the Shipper via the MDL IX.
Such approved nomination shall be deemed to be an Approved Nomination and shall replace any previous Approved Nomination for that Receipt Point and Delivery Point.
The control of, and risk (including the risk of loss) in, a Shipper’s Approved Nomination at a Receipt Point shall pass from a Shipper to MDL at such Receipt Point and shall be held by MDL until the Approved Nomination at a Delivery Point is delivered to that Shipper at such Delivery Point, at which time control of such Gas shall revert to that Shipper.
For the avoidance of doubt, this section 24.4 shall apply to any Shipper’s Nominated Quantity or change to an Approved Nomination disclosed by MDL to a Welded Party for the purpose of confirming that nomination.
The length of the Mismatch Period will be set by MDL, acting as a Reasonable and Prudent Operator, at between one and seven Days taking into account the size of the Mismatch, the reasons it arose and the impact on the Maui Pipeline provided that MDL shall extend the Mismatch Period if a Shipper’s Nominated Quantity or Approved Nomination that includes the Payback Point is curtailed by an event under section 15.1 or 15.2.
Hour-ahead Capacity shall mean an Hourly Quantity of Gas which equals the positive difference between Approved Nomination (summed up for all Shipper Code Pairs) and Maximum Hourly Capacity Right (or if applicable Reduced Maximum Hourly Capacity Right) applicable for the Hour.
Allocation of Free Hour-ahead Capacity Only in cases where a Shipper's Approved Nomination for an Hour (de- noted h) is equal to the Shipper's Nominations / Renominations after curtailment pursuant to Article 12.4, the Shipper will be allocated Hour- ahead Capacity free of charge, i.e. no Hour-ahead Tariff shall be paid ("Free Hour-ahead Capacity").
The control of, and risk (including the risk of loss) in, a Shipper’s Approved Nomination at a Receipt Point shall pass from a Shipper to TSP at such Receipt Point and shall be held by TSP until the Approved Nomination at a Delivery Point is delivered to that Shipper at such Delivery Point, at which time control of such Gas shall revert to that Shipper.
A Provisional Nomination shall not become an Approved Nomination, and the Shipper’s request to amend a Provisional Nomination shall not have effect, until TSP has confirmed that Approved Nomination to the Shipper via the TSP IX.