Examples of Proration Month in a sentence
To the extent Carrier experiences a Force Majeure event or other operational disruption within a gathering month, Carrier shall notify Shipper of its allocation within the gathering month that has become a Proration Month as soon as reasonably practicable.
If a Shipper does not use the portion of System Capacity allocated to it under this Item 7 at the times and in the amounts designated by Carrier for any Proration Month, Carrier may elect, in its sole discretion, to use Shipper’s unused portion of System Capacity to fulfill the unmet Nominations of other Shippers, subject to such other Shipper’s acceptance of such re-allocation.
The remainder of the Remaining Available Capacity will be available to any Regular Shipper that submitted valid Nominations for the Proration Month.
Reduction of an Uncommitted Shipper’s allocation for failure to use its allocated System Capacity during a Proration Month may be waived, in whole or in part, if Gatherer determines that Shipper’s failure to use all or some of its allocated System Capacity was due to a Force Majeure.
For each Proration Month, the Remaining Available Capacity shall be divided between Regular Shippers and New Shippers.