Scheduled Capacity definition
Examples of Scheduled Capacity in a sentence
On the sixteenth (16th) day of the Nomination Month, at the latest, the Transporter will close the Nomination Process and it will publish the Nominations approved for all Senders and Third Parties, as well as the Pipeline’s Scheduled Capacity.
It is, for one Month of Operation, the difference between the Effective Capacity and the Scheduled Capacity.
The Sender or Third Party will notify to the Transporter, as soon as possible, if it determines that: (i) its Deliveries during one Month of Operation in an Entry Point will be lower than ninety five per cent (95%) of the Scheduled Capacity, or (ii) its Withdrawals in any Exit Point will be lower than ninety five per cent (95%) of the Scheduled Capacity.
The additional real estate required for Capacity Augmentation shall be acquired by the Authority and granted to the Concessionaire no later than 3 (three) years prior to the Scheduled Capacity Augmentation Date and the provisions of this Article 10 shall apply, mutatis mutandis, to such real estate and to any other land over which Right of Way is procured and granted by the Authority to the Concessionaire at any time during the Concession Period.
When ECOPETROL fails to use all or part of its Scheduled Capacity, in which case the release time shall be understood to be the respective Day.
Out of the aforesaid commitment deposit of Rs. 219 crores (Rupees two hundred and nineteen crores), an amount of Rs. 175.20 crores (Rupees one hundred and seventy-five crores and twenty lakhs) shall only be released by the Authority to the Concessionaire simultaneously on the Concessionaire achieving Capacity Augmentation within the Scheduled Capacity Augmentation Date, unless the delay is on account of reasons attributable to the Authority or due to Force Majeure, and the remaining Rs.
The Overutilizer Tariff shall equal the Initial Shipper Tariff for such Segment plus the lesser of (i) the amount of the Overutilizer Premium allocated to such Segment divided by the sum of the Aggregate Scheduled Capacity for such Segment and any Net Deliveries of such Initial Shipper applicable to such Segment and (ii) the Established Third Party Premium for such Segment (or zero if there is no Established Third Party Premium).
Any disagreement concerning the allocation of Scheduled Capacity not covered by the immediately preceding sentence shall be resolved pursuant to the arbitration rules of Article Eleven below.
With such notice Carrier shall also notify the Initial Shippers of the revised Scheduled Capacity allocations resulting from such reduction using the allocation and priority rules of Article Two above.
If (i) the Aggregate Scheduled Capacity equals the Available Capacity for a Segment in a Schedule Month and (ii) an Initial Shipper is a Full Nominator for such Segment, then such Initial Shipper may nominate all or any portion of its share of Sole Risk Capacity for such Segment.