Examples of Reserved Capacity in a sentence
Each State Party shall permit that in its Territory Nabucco International Company re- utilises unused Reserved Capacity by allowing Shippers who wish to re-sell or sublet their unused Reserved Capacity on the secondary market to do so in accordance with their contracts.
If the original Reserved Capacity holder nominates capacity which Nabucco International Company has remarketed, Shippers who have purchased such UIOLI- interruptible capacity shall be interrupted.
The sale of Reserved Capacity on the bulletin board shall not affect the original Reserved Capacity holder’s obligation under the Transportation Contracts, to pay Nabucco International Company for that Reserved Capacity.
Where Reserved Capacity remains unused and Contractual Congestion occurs, this unused Reserved Capacity shall be made available to the primary market in accordance with “Use-it-or-lose-it principles” (“UIOLI”).
Any Shipper, which has contracted for capacity on an interruptible basis, shall be informed in advance by Nabucco International Company if it is to be subject to interruption because the original Reserved Capacity holder has nominated some or all of its contractually committed capacity.