Examples of Uncommitted Capacity in a sentence
Upon restoration of the Unit to service, Buyer may designate such amount of the Unit's capacity as either Committed Capacity or Uncommitted Capacity.
Total Seasonal Uncommitted Capacity is the sum of Seller’s Uncommitted Capacity and Total Competing Supply.
Finally, Seller’s Market Share is calculated as Seller’s Uncommitted Capacity as a percent of Total Seasonal Uncommitted Capacity.
Carrier will prorate the Uncommitted Capacity during any Month when it determines, based upon the Nominations submitted in a timely and proper manner by Shippers, that the total volume Nominated by all Shippers for shipment utilizing Carrier’s Uncommitted Capacity during that Month exceeds the total Uncommitted Capacity or portion thereof during periods of Force Majeure.
Except as provided in paragraphs 2.7 and 2.9, Uncommitted Capacity shall be divided between Regular Shippers as a class and New Shippers as a class.