Examples of Original Capacity in a sentence
Subject to clauses 4.4, 4.5, 4.6, 4.7 and 4.8, Shipper has two options to extend the Capacity End Date in respect of Contracted Capacity the subject of this Contract as at the Capacity Start Date (Original Capacity) each for a period of 1 year (Option).
For the avoidance of doubt Original Capacity will apply to a User’s Fully Adjusted Available Entry Capacity registered on 31 October 2015.
Entry Capacity acquired by Shippers prior to this date (Original Capacity) was forcefully allocated to each of the newly formed Bacton ASEPs. It is proposed that where a Shipper’s entry flows do not exceed Original Capacity holdings an Entry Overrun Charge will not be applied.
Original Capacity transferred after the 1 November 2015 will not benefit from the Aggregate Overrun regime, instead such capacity will be considered as standard capacity to underpin flows at the relevant Bacton ASEP.
In lieu of the payment and distribution required by Section 8.04, if the preempted Participant is an Original Participant and the capacity so preempted is part of its Original Capacity Nomination, the Additional Participant shall in addition pay IID for distribution to the preempted Participant an amount equal to fifteen percent (15%) of the amount calculated pursuant to the formula set forth in clause (b) above.
For purposes of the foregoing sentence, capacity shall be deemed to be preempted from an Original Participant in the following order of priority: first, capacity, if any, which is part of an Original Participant's increase in Capacity Nomination pursuant to Section 8.06, and second, capacity which is part of an Original Participant's Original Capacity Nomination.
As used in this Section 6.4, the terms Original Capacity Nomination and Participant shall have the meanings assigned to them in Article I of the Funding and Construction Agreement.
Subject to clauses 4.4, 4.5, 4.64.4, 4.5, 4.6, 4.7 and 4.84.7,, Shipper has two options to extend the Capacity End Date in respect of Contracted Capacity the subject of this Contract as at the Capacity Start Date (Original Capacity) each for a period of 1 year (Option).
He highlighted that the Modification title will be Aggregate overrun regime for Original Capacity held at the Bacton ASEPs. NW explained that the background to this proposal lies with Modification 0501CV - Treatment of Existing Entry Capacity Rights at the Bacton ASEP to comply with EU Capacity Regs.
The Original Capacity of the KMLP System shall be the capacity of Leg 1 and Leg 2 when originally placed into service.