Prevailing Nomination definition

Prevailing Nomination means the currently valid nomination, whether that be theNomination or the Approved Revised Nomination..
Sample 1Sample 2
Prevailing Nomination means the currently valid nomination, whether that be the Nomination or the Approved Revised Nomination for which the quantities have been confirmed through the matching process for nominations pursuant to the Interconnection Agreement between the Terminal Operator and a Downstream Operator, as applicable.
Sample 1
Prevailing Nomination means the currently valid nomination, whether that be the
Sample 1

Examples of Prevailing Nomination in a sentence

  • If, on a given Day, there is a disruption in communication between Terminal Operator and the Downstream Operator set out in clause7.2.2, the actual Regasified LNG for such Day will be allocated to Users on a pro rata basis with reference to such Users’ respective Prevailing Nomination.

  • Terminal Operator and the Downstream Operator will exchange User nomination information, including any changes in the Prevailing Nomination, on a daily and hourly basis pursuant to the Interconnection Agreement to enable the matching of Terminal Operator nomination and Downstream Operator nomination in relation to each User.

  • Upon receipt of a Revised Send Out Notification, Users will be required to secure the necessary Downstream Rights sufficient for such revision to the Prevailing Nomination.

  • Before the Prevailing Nominations of the other Users are reduced, the Prevailing Nomination of the relevant User that has caused the Failed LNG Cargo Event will be reduced by up to the full amount of the Prevailing Nomination for the period until the next AP LNG Cargo.

  • Users are required to have sufficient Downstream Rights that will enable their Daily Planned Sendout and their Prevailing Nomination to be accepted.

  • A Long-Term User or a Spot Cargo User who has delivered an LNG cargo shall Lend LNG from that cargo to the other Long-Term Users and Spot Cargo Users to meet such Users’ Prevailing Nomination pursuant to the Contracts.

  • In other words, one should not expect more severe operating conditions.

  • A Long-Term User may seek to unilaterally revise (upwards and downwards) its Prevailing Nomination on a number of Days within an Intra Reserved Cargo Period, provided that the sum of such PrevailingNominations in such Intra Reserved Cargo Period is unchanged(“ Intracargo Revision”).

  • In the event of an Intracargo Swap between Long-Term Users, each such User would swap matching and offsetting increases and reductions of their Prevailing Nomination for specific Days so that (i) the total Daily Planned Sendout for each Day for both Users under the Annual Plan Sendout Schedule within the Intra Reserved Cargo Period does not change, and (ii) each User’s sum of Prevailing Nominations in such Intra Reserved Cargo Period is unchanged.

  • In the event of an Intracargo Swap between Long-Term Users through an Intracargo Change Notification, each such User would swap matching and offsetting increases and reductions of their Prevailing Nomination for specific Days so that (i) the total Daily Planned Sendout for each Day for both Users within the Intra Reserved Cargo Period does not change, or (ii) Users sum of Prevailing Nominations in such Intra Reserved Cargo Period is unchanged.

Related to Prevailing Nomination

  • Prevailing Rate means, in respect of any currencies on any day, the spot rate of exchange between the relevant currencies prevailing as at or about 12 noon (London time) on that date as appearing on or derived from the Relevant Page or, if such a rate cannot be determined at such time, the rate prevailing as at or about 12 noon (London time) on the immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the Relevant Page, the rate determined in such other manner as an Independent Financial Adviser shall in good faith prescribe.

  • Nomination means a request by a Shipper to Carrier to transport a stated quantity of Crude Petroleum on the Pipeline for the account of such Shipper in any month.

  • Relevant Nominating Body means, in respect of a benchmark or screen rate (as applicable):

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.

  • Nomination Period means a period of time that Customer includes in a nomination for gas service.