Examples of Lesser Rule in a sentence
The Lesser Rule principle shall not be applicable at the entry point of the transmission system from the LNGT if the LNGT operator in accordance with the Access Rules of Use of the LNG Terminal unilaterally adjusts nominations submitted by the LNGT users.
If the Shipper’s most recent Nomination or Renomination does not correspond to the most recent Nomination or Renomination made by its Counterparty, the Nomination shall be reduced to the lower of the values nominated or renominated according to Lesser Rule.
Lesser Rule means that, in case of different processed quantities at either side of an interconnection point, the confirmed quantity will be equal to the lower of the two processed quantities.
The Lesser Rule principle shall not be applicable at the entry point of the transmission system from the LNG terminal if the LNG terminal operator in accordance with the Access Rules of Use of the LNG terminal unilaterally adjusts nominations submitted by the LNG terminal users.
If the same Pair of Shippers is notified to each of the Parties but the daily Processed Quantities in the TAP System is not equal to the daily Processed Quantity in the DESFA System for the corresponding Pair of Shippers, then there is a “Mismatch” and the Confirmed Quantities will be defined according to the Lesser Rule.