Open Season Procedure definition

Open Season Procedure means a process to assess the market demand for incremental capacity that includes a non-binding phase in which network users express and quantify their demand for incremental capacity and a binding market test phase in which binding commitments for contracting capacity are requested from network users by one or more transmission system operators.’;
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Open Season Procedure means the notice of open season procedure describing the Firm Service Open Season process issued by the Carrier dated October 20, 2011;
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Open Season Procedure means the procedure between 22nd January 2015 and 17th February 2015 through which Eustream offers the incremental exit transmission capacity of IP Budince to Participants and the Participants can on a binding basis apply for this capacity.
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Examples of Open Season Procedure in a sentence

  • For firm capacity which is not awarded in the Initial Open Season process and for existing firm capacity which is not subject to the Initial Open Season process or to Section 16 of these General Terms and Conditions, TIGER may award such capacity through either the Request Procedure in this Section 2.1(b)(2) or the Additional Open Season Procedure in Section 2.1(b)(3) of these General Terms and Conditions.

  • Eustream reserves the right to amend the terms and conditions of the Rules and the Open Season Procedure.

  • The process of the Open Season Procedure consists of a binding phase only (hereinafter referred to as the “Binding Open Season” or the “Binding Phase”).

  • In case Eustream and MGT receive valid Binding bids in the Binding Open Season Procedure, an allocation procedure will be conducted and the final transmission contracts, separately for Slovak side and Hungarian side, will be concluded by and between Eustream and/or MGT, respectively, on one side and Applicant on the other side.

  • Parties will publish information and instructions in respect of the Binding Open Season Procedure at their websites xxx.xxxxxxxx.xx and xxx.xxxxxxxxxx.xx.

  • Eustream and MGT are inviting the potential Applicants directly to the Binding Phase of the Open Season Procedure.

  • In the event of demand for new capacity, the creation of which requires investment in the transmission system, they shall be classified using the Open Season Procedure.

  • The Open Season Procedure is organized in a non-discriminatory and transparent way, complying with the relevant national and EU law and regulations, taking into account ERGEG Guidelines for Good Practice on Open Season Procedures as well.

  • Eustream reserves the right to accept no bid and/or to withdraw from the Open Season Procedure without giving any reasons thereof and without being liable for any consequence or paying any compensation therefore.

  • Based on these considerations, Eustream and MGT hereby officially announce the invitation to bid in the Binding Open Season Procedure for the SK-HU Interconnector.


More Definitions of Open Season Procedure

Open Season Procedure means the procedure between 26th May 2014 and 26th June 2014 through which Eustream offers the exit transmission capacity of IP Budince to Participants and the Participants can on a binding basis apply for this capacity.
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Open Season Procedure means the procedure or procedures through which Eustream offers the transmission capacity in the Slovak Pipeline to Applicants on a binding basis between 1 March 2010 and the signing of the resulting transmission contracts with the shippers.
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Open Season Procedure means the procedure through which Eustream offers the transmission capacity in the Pipeline to Applicants on a binding basis between 20 June 2012 and the signing of the resulting transmission contracts with the shippers.
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Open Season Procedure means the procedure or procedures through which Eustream offers the transmission capacity in the Slovak Pipeline to Applicants on a binding basis between 15 October 2010 and the signing of the resulting transmission contracts with the shippers.
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Related to Open Season Procedure

  • Open season means those times, manners of taking, and places

  • Benchmarks Regulation means Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014;

  • M&A Rules means the Provisions on Merging and Acquiring Domestic Enterprises by Foreign Investors, which was promulgated by six Governmental Agencies, namely, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the China Securities Regulatory Commission (the “CSRC”), and the State Administration of Foreign Exchange, on August 8, 2006 and became effective on September 8, 2006, as amended by the Ministry of Commerce on June 22, 2009.

  • Categorical pretreatment standard or "categorical standard" means any regulation containing pollutant discharge limits promulgated by the environmental protection agency in accordance with sections 307(b) and (c) of the Act (33 U.S.C. section 1317) that apply to a specific category of users and that appear in 40 CFR chapter I, subchapter N, parts 405 through 471.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;