Original Capacity definition
Examples of Original Capacity in a sentence
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.
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.
The Original Capacity of the KMLP System shall be the capacity of Leg 1 and Leg 2 when originally placed into service.
Seller shall continue to be obligated to undertake such refinancing or new or revised lease arrangements until the Capacity Rates are reduced to the Original Capacity Rates in accordance with the first sentence of Subsection 6.l(c)(iii).
Subject to clauses 4.4, 4.5, 4.6 and 4.7, 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 5 years (Option).
If Seller refinances any or all of its debt instruments or debt securities or enters into a new or revised lease arrangement for the Facility which results in a lower effective interest rate for Seller at any time when the Original Capacity Rates, or Capacity Rates lower than the Original Capacity Rates, are in effect, then Seller and PEPCO agree to renegotiate such Capacity Rates so that both Parties share equally in the calculated savings.
For all purposes, including billing and cost allocations, the Parties agree that the use of the terms Additional Capacity and Original Capacity in the 2001 Allotment Contract shall be combined and treated in an identical manner, and all references thereto shall mean the SWSP I Allottees’ total pro rata share of the capacity in the ▇▇▇▇▇▇ Lake Outlet Works Modification and pipeline.
In the event that upon the expiration or termination of this Second Amendment Microsoft has paid Original Capacity Subscription Fees or Additional Capacity Subscription Fees, or both, for a term of Missed Spam Services beyond the actual expiration or termination date, Brightmail shall refund to Microsoft the unused portion of such fees within * (*) days of the actual expiration or termination date.
To the extent the average price per STM-1 paid for the Original Capacity exceeds the average price per STM-1 owing under the Future Transaction, the Purchaser shall be entitled to a credit equal to such difference, to be applied only against the STM-1 purchases made after the Original Capacity has been activated and paid for, such credit to be applied evenly to each such additional STM-1, purchased pursuant to the Future Transaction.