Binding Nomination definition

Binding Nomination means the volumes (excluding any Committed Volumes and Make-Up Volumes) allocated to a Shipper during a period of prorationing.

Binding Nomination means the final Nomination tendered by a Shipper for a prorated line segment or facility after being advised that said line segment or facility is over nominated and subject to proration.

Binding Nomination means the Delivery capacity allocated to a Shipper during a period of prorationing.

Examples of Binding Nomination in a sentence

• At 12:01 a.m. on the third business day following the notification to Shippers, this adjusted nomination shall be considered a Binding Nomination, or if a Shipper does not change or submit a reduced nomination, then its initial nomination shall be considered its Binding Nomination.

• Upon notification to a Shipper by the Carrier that additional space has been allocated, the Shipper will have twenty-four hours to accept the additional space allocation by notifying the Carrier of the Shippers intent to accept that space and submitting an Allocated Binding Nomination for the additional space.

• At 12:01am on the third business day following the day notification was made to Shippers, this adjusted Nomination shall be considered a Binding Nomination, or if a Shipper does not change or submit a reduced Nomination, then its initial Nomination shall be considered its Binding Nomination.

• If a Shipper tenders less than eighty-five percent (85%) of its Binding Nomination, then Shipper shall be invoiced for its delivered volumes for that period, plus a charge equal to: [Eighty-five percent (85%) of Prorated Binding Nomination less The actual volumes delivered] times The applicable current tariff rate.

• If a Shipper tenders a volume greater or equal to eighty-five percent (85%) of its Prorated Binding Nomination, then such a Shipper shall be invoiced based on its delivered volumes.

More Definitions of Binding Nomination

Binding Nomination means a notice to the Trustee given by an applicant or Member directing the Trustee to pay all or part of the benefit payable on their death to a person or persons nominated in the notice, and the notice complies with the following:

Binding Nomination means a Nomination made by a New Shipper or a Regular Shipper on a prorated line segment that has been accepted for shipment by Carrier during a month of allocation.

Binding Nomination means for any Month during which the Carrier determines that nominations exceed its capacity, then the Carrier will notify each Shipper and provide each Shipper an opportunity to reduce its nomination by close of business of that day. Upon receipt of reduced nominations Carrier will evaluate whether the nominations exceed its capacity. If there is insufficient capacity to transport the volumes nominated then the Carrier will proration capacity in accordance with this section. The volume allocated to a Shipper during a period of apportionment shall be considered its Binding Nomination.

Binding Nomination means Shipper’s Nomination as described in Item 2.14.1 of these Rules and Regulations.

Binding Nomination in respect of a Member means a benefit nomination received by the Trustee from the Member which:

Binding Nomination means Shipper’s Nomination as described in Item 2.13.1 of these Rules and Regulations.

Binding Nomination means for any Operating Month, if Carrier determines the Nominations exceed the line segment’s capacity, then Carrier will notify each Shipper and provide each Shipper an opportunity to reduce its initial Nomination, with such revised Nomination becoming the Shipper’s Binding Nomination. If a Shipper does not submit a reduced Nomination, then its initial Nomination shall be considered its Binding Nomination. All information required to be included in an initial Nomination under Item 45 shall also be required to be included in Shipper’s Binding Nomination.