Surrendered Capacity definition

Surrendered Capacity has the meaning given in Section B paragraph 6.3.2 of the IUK Access Code;

Surrendered Capacity means the firm capacity surrendered by the Shipper by filling and signing the Voluntary Surrender Form in Annex F.

Surrendered Capacity means IP Entry Capacity or IP CSEP Offtake Capacity in respect of which the Transporter has accepted the Shipper's Capacity Surrender Request as specified in a Capacity Surrender Acceptance Notice;

Examples of Surrendered Capacity in a sentence

• After the allocation of offered Surrendered Capacity, the TSO shall immediately notify the original Network User.

• The original Network User shall have the right to withdraw the request until the moment, when the Surrendered Capacity is offered for sale in an auction on the web booking platform.

• The original Network User shall fully retain the rights and obligations under the Contract until the allocation of the Surrendered Capacity or a part thereof to a new Network User.

• The new Network User, to whom Withdrawn Capacity is sold, shall be obliged to provide a financial guarantee pursuant to Article 7.6 of the Operational Order; the time limits specified therein shall apply accordingly.The Withdrawn Capacity shall only be sold after all remaining available firm capacity is allocated by the TSO and all Additional Capacity and Surrendered Capacity is sold out.

• Additional Capacity is sold together with the firm transmission capacity, before allocating Surrendered Capacity and Withdrawn Capacity.

• After its allocation to the new Network User, the original Network User shall loose its contracted capacity in the quantity and duration of the Surrendered Capacity allocated to the new Network User and shall fully retain all rights and obligations under the original Contract, reduced by the quantity of Surrendered Capacity that was allocated to the new Network User.

• In any case, the proposed quantity and duration of capacity withdrawal shall not exceed the capacity required by the market, which could not be allocated in the form of firm capacity, Additional Capacity or Surrendered Capacity.

• In case of partial surrender of firm capacity, the tariffs for gas transmission charged to the original Network User shall be amended in such a way that they are fully in line with the RONI’s price decision applicable to the original Contract of the original User (considering the valid tariff escalation method).Surrender of Surrendered Capacity requires the consent of the TSO.

• Surrender of contracted capacityThe TSO shall accept from a Network User the application for surrender of firm capacity (“ Surrendered Capacity") subject to the terms set forth below in this Article 3.6.3. This applies to Contracts for capacity products with duration of longer than one (1) day.Surrendered capacity shall be allocated only after the allocation of all remaining firm available capacity by the TSO, including Additional Capacity and prior to allocation of Withdrawn Capacity.

• A Surrendering Shipper shall not be entitled to impose any limitations or conditions on the terms on which IUK shall offer the Surrendered Capacity for re-allocation or on the amount of Surrendered Capacity which may be re-allocated at any time.

More Definitions of Surrendered Capacity

Surrendered Capacity has the meaning given in Section B paragraph 6.3.2 of the Interconnector Access Code;

Surrendered Capacity has the meaning given in clause 8.1.

Surrendered Capacity means any Contracted Capacity that is subject of a Surrender Request;

Surrendered Capacity has the meaning given in Section B paragraph 6.3.2 of the IAC; “Surrendering Shipper” has the meaning given in Section B paragraph 6.3.1 of the IAC;

Surrendered Capacity means any Reserved Capacity that is the subject of a Surrender Request.