COMMON PROVISIONS FOR CAPACITY RESERVATIONS Clause Samples

The "Common Provisions for Capacity Reservations" clause establishes the standard terms and conditions that govern how parties reserve capacity, such as space, bandwidth, or production slots, under an agreement. It typically outlines the procedures for making, modifying, or canceling reservations, and may specify requirements like advance notice, reservation fees, or penalties for non-use. By setting out these uniform rules, the clause ensures both parties have a clear understanding of their rights and obligations regarding capacity, reducing the risk of disputes and promoting efficient resource allocation.
COMMON PROVISIONS FOR CAPACITY RESERVATIONS. Appendix 2 to the Contract specifies the Validity Start Date and the Validity End Date for each Daily and Hourly Capacity. Any change by the Shipper in a Daily or Hourly Capacity or a Period of Validity of a Daily or Hourly Capacity shall be the subject of an amendment to the Contract. Under no circumstances can the acceptance by GRTgaz of a change in Daily or Hourly Capacity automatically trigger any change in the duration of the Contract. GRTgaz undertakes to process a Shipper's Reservation request within seven (7) Working Days following receipt of the request, provided that such request complies with the provisions set out in the Clause entitled “Common terms and conditions for capacity and Auxiliary Services Reservations“ in Section A. All Reservation requests are binding on the Shipper. Once allocated, capacity may not be waived. Clause 4 Consumer Delivery Points and Regional Network Interconnection Points ( PIRR)
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COMMON PROVISIONS FOR CAPACITY RESERVATIONS. The Appendix 2 of the Contract specifies the Validity Commencement Date and the Validity End Date for each Daily Capacity. GRTgaz undertakes to process a Shipper’s capacity reservation request within seven (7) Working Days following receipt of the request or within three (3) Working Days following the end of the Open Subscription Period (OSP) in the event of a request being submitted within this framework. It is reminded that capacity and service Reservation requests are binding on the Shipper. It is not possible to waive capacity and Auxiliary Services once allocated. Whenever a Shipper submits a request, together with one or more Affiliated Shippers, for a single product during an OSP, they must designate a shipper a “leader” who is identified among them as such and notify GRTgaz accordingly. In the event of a request exceeding the capacity available for that product, only the leader ’s request will be taken into account for the capacity allocation. It is then up to the Affiliated Shippers to share the allocated capacity to the leader by means of capacity exchanges among them. In the absence of designation of a “leader and in the event of a request exceeds the available capacity for that product, all the Affiliated Shippers’ requests are removed from the capacity allocation process.
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COMMON PROVISIONS FOR CAPACITY RESERVATIONS. The Validity Commencement Date and the Validity End Date for each of the Daily and Hourly Capacities are specified in the Special Terms and Conditions. Any change in a Daily Capacity or a Period of Validity of a Daily or Hourly Capacity shall be the subject of an amendment to the Contract. Under no circumstances can the acceptance by GRTgaz of a change in Daily Capacities have the effect of automatically changing the duration of the Contract.‌ GRTgaz undertakes to examine a ▇▇▇▇▇▇▇'s reservation request within seven (7) Working Days following receipt of the request or within three (3) Working Days following the end of the Open Subscription Period (OSP) for a request submitted within this framework All reservation requests are binding on the Shipper. It is not possible to give up capacity once allocated. The following is considered to be a Shipper linked with another Shipper: any Shipper under the control of the said Shipper, any Shipper controlling the said Shipper and any Shipper under the control of the same company as the said Shipper, in the sense of these terms by articles L233-1 to L233-4 of the business code. When linked shippers submit requests for a single product during an OSP, they must designate a “leading” shipper among them and notify GRTgaz accordingly. In the event of a shortage of that product, only the “leading” shipper’s request will be taken into account for the capacity allocation. Failing the designation of a “leading” shipper and in the event of a shortage of that product, all the linked shippers’ requests are removed from the capacity allocation process. It is then up to the linked shippers to distribute the capacity allocated between them by trading capacity.
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Related to COMMON PROVISIONS FOR CAPACITY RESERVATIONS

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