Spot Capacity definition

Spot Capacity means any Gas Transmission Capacity on a Gas Day (being the Gas Transmission Capacity available after all Nominations for Reserved Capacity for that Gas Day has been scheduled by the Operator for that Gas Day), which Gas Transmission Capacity, is, according to the Operator (acting in good faith) available for purchase.

Spot Capacity means the Capacity for the Spot Service. [“Capacità Spot” in the Italian text]

Spot Capacity means for any given Month “M”: (a) Available Capacity that has not been allocated during the course of the Monthly Subscription Process conducted during the course of the preceding Month (i.e., Month M-1); and (b) Terminal Capacity that otherwise becomes available during such Month “M” due to unexpected and/or unforeseen circumstances such as delays or failures to Unload, expressed as a quantity of LNG that can be Unloaded during such given period, as determined by the Operating Company pursuant to clause 2.2 of chapter II. [“Capacità Spot” in the Italian text]

Examples of Spot Capacity in a sentence

• Access Regime means any legislative, legislative and administrative or administrative regime from time to time governing the terms and conditions of third party access to Capacity Services or Spot Capacity on the DBNGP, and at the time of this Contract includes the National Gas Access (WA) Act 2009 (WA), the National Gas Access (Western Australia) Law and the Rules, and any access arrangement approved under the National Gas Access (Western Australia) Law and in force for the DBNGP.

• Spot Capacity Service means a Service for Spot Capacity by way of one or more Spot Transactions.

• Part V – Spot Capacity Agreement: clause 5 “Domicile election and notices” ANNEX (e) – Form of Release Declaration: last paragraph.

• III.10.7 Application of clause 10 to Spot Capacity Applicants and Users Except as provided in paragraph 5 of this article III.10, upon request by the relevant Applicant for, or User of, Spot Capacity, the Operating Company has the discretion to waive the requirement that such Applicant or User, as the case may be, provide and maintain financial security pursuant to this clause III.10.

• Depending on the subject of the Access Request, the Applicant also shall send to the Operating Company an executed copy of the Non-Foundation Capacity Agreement or the Spot Capacity Agreement.

• Depending on whether an Applicant requests Non-Foundation or Spot Capacity, it will have to attach to its Access Request, inter alia, a duly completed and signed copy of the Non-Foundation Capacity Agreement (Part IV) or of the Spot Capacity Agreement (Part V).

• If mutual agreement is not reached between all the potentially affected parties, the Operating Company will strictly apply the Annual Subscription Process, the Monthly Subscription Process or the Spot Subscription Process, as the case may be, to allocate the relevant Available Capacity or Spot Capacity.

• Annex (a) is composed of five parts, which content can be summarised as follows:  Part I contains the form of Access Request to be used by the Applicants who intend to request access to the Service for Non-Foundation or Spot Capacity.

• II.1 DESCRIPTION OF THE PLANT AND SYSTEMS 31II.1.1 Terminal specifications 31II.2 CAPACITY 33II.2.1 Calculation of the Terminal Capacity 33II.2.2 Spot Capacity 34II.2.3 Posting of Terminal Capacity 35II.2.4 Subscription of the Terminal Capacity 36II.2.5 Access denial 46II.2.6 Released Capacity 48II.2.7 Subscribed Non-Foundation Capacity to be made available to the Operating Company for allocation to third parties pursuant to article 11, sub-section 3, of AEEG Resolution no.

• Curtailment or suspension shall not relieve Spot Cargo User from its obligation to pay the Spot Capacity Fees and other appropriate amounts as they fall due, pursuant to clause 6.2(d).Unless, the Spot Cargo User does not receive any Services at all, in which case no Capacity Fees will be paid.

More Definitions of Spot Capacity

Spot Capacity means any capacity on the DBNGP on a Gas Day (being the capacity available after all Nominations for Reserved Capacity for that Gas Day has been allocated by Operator for that Gas Day), which capacity, is, according to Operator (acting in good faith) available for purchase.

Spot Capacity means, for a Month, the positive difference, if any, between: (a) the Available Capacity for such Month; and (b) the sum of: (i) the aggregate of the Monthly Committed Volumes nominated by all Term Shippers for that Month, (ii) the Direct Ownership Capacity for that Month; and (iii) the Available Reserve Capacity for that Month;