Examples of Reserved Capacity in a sentence
The Shipper agrees that the relevant Tariff, as published on the Transporter's website, will apply to the Reserved Capacity bookings under this Gas Transportation Agreement.
The total amount to be paid in each Contract Month by the Shipper under the Gas Transportation Agreement will be the aggregate, for each capacity booking of Reserved Capacity included in the Gas Transportation Agreement, of the Actual Monthly Charge for each such Reserved Capacity booking.
If the Shipper does not utilise all or part of the Reserved Capacity at any Entry Point or Exit Point, the Shipper acknowledges that such unused Reserved Capacity shall be subject to mandatory regulatory "use it or lose it" procedures as detailed in the Network Code.
Reserved Capacity has already been made available in accordance with the Initial Capacity Allocation Mechanism and in the first Market Test, conducted prior to the start of construction of the pipeline.
The Reserved Capacity allocated by the Transporter to the Shipper at each relevant Interconnection Point (to be specified as an Entry Point or Exit Point) under this Gas Transportation Agreement is the amount (in kWh per Gas Day) set out in the Annex to this Agreement from time to time.