Contract Durations Clause Samples

Contract Durations. 1. In respect of entry or exit agreements that Shippers enter into with TSOs for existing firm entry or exit Capacity at Cross-Border Points and at entry points from and exit points to storage facilities the following rules shall apply: a) An amount equal to at least 20% of the technical yearly Capacity at the relevant entry or exit point shall be set aside and offered as follows: • an amount equal to at least 10% of the technical Capacity at the relevant in entry or exit point shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the relevant Gas Year, and • a further amount equal to at least 10% of the technical Capacity at the relevant entry or exit point shall first be offered no earlier than in the annual auction for quarterly Capacity held during the Gas Year preceding the start of the relevant Gas Year. b) If the amount of Capacity available is less than 20% of the technical yearly Capacity, the entire available Capacity shall be set aside and allocated as follows: • the portion of the available Capacity that is equal to or less than 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for quarterly Capacity, • any remaining Capacity exceeding 10% of the technical yearly Capacity shall be offered no earlier than in the annual auction for yearly Capacity held during the fifth Gas Year preceding the start of the relevant Gas Year. The technical yearly Capacity shall be expressed and considered in kWh/h. 2. In respect of bookings for all other types of Capacity, such as: a) exit Capacity for the offtake of gas at Exit Points to end users b) entry Capacity for the delivery of gas at Entry Points from production facilities or LNG plants
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Contract Durations 
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Related to Contract Durations

  • Contract Duration This contract shall commence with the date this contract was entered into and shall expire on August 31, 2022. No new projects may be assigned on or after the expiration date, but all projects assigned prior to the expiration date will be allowed to continue to completion with all the terms and conditions of this contract herein set forth remaining in full force and effect. The term of this contract may be extended in writing by the Commissioner.

  • Pact Duration The provisions of this Pact shall come into effect from the date of signing of this Pact by the both parties. It expires for the Contractor 12 months after the last payment under the respective contract, and for all other Bidders 6 months after the contract has been awarded. If any claim is made / lodged by either party during this time, the same shall be binding and continue to be valid despite the lapse of this pact as specified above, unless it is discharged/determined by the Chairperson of the Principal.

  • Contract Work Contract work means capital project work within existing plant facilities, major maintenance and/or revamp work, plant modifications and/or shutdown work, minor maintenance and/or repair work, breakdown maintenance.

  • Purchase Order Duration Purchase orders issued pursuant to this State Term Contract must be received by the Contractor no later than close of business on the last day of the Contract’s term to be considered timely. The Contractor is obliged to fill those orders in accordance with the Contract’s terms and conditions. Purchase orders received by the Contractor after close of business on the last day of the State Term Contract’s term shall be considered void. Purchase orders for a one-time performance of contractual services shall be valid through the performance by the Contractor, and all terms and conditions of the State Term Contract shall apply to the single delivery/performance, and shall survive the termination of the Contract. Contractors are required to accept purchase orders specifying delivery schedules exceeding the contracted schedule even when such extended delivery will occur after expiration of the State Term Contract. For example, if a state term contract calls for delivery 30 days after receipt of order (ARO), and an order specifies delivery will occur both in excess of 30 days ARO and after expiration of the state term contract, the Contractor will accept the order. However, if the Contractor expressly and in writing notifies the ordering office within ten (10) calendar days of receipt of the purchase order that Contractor will not accept the extended delivery terms beyond the expiration of the state term contract, then the purchase order will either be amended in writing by the ordering entity within ten (10) calendar days of receipt of the contractor’s notice to reflect the state term contract delivery schedule, or it shall be considered withdrawn. The duration of purchase orders for recurring deliveries of commodities or performance of services shall not exceed the expiration of the State Term Contract by more than twelve months. However, if an extended pricing plan offered in the State Term Contract is selected by the Customer, the Contract terms on pricing plans shall govern the maximum duration of purchase orders reflecting such pricing plans. Timely purchase orders shall be valid through their specified term and performance by the Contractor, and all terms and conditions of the State Term Contract shall apply to the recurring delivery/performance as provided herein, and shall survive the termination of the Contract. Ordering offices shall not renew a purchase order issued pursuant to a State Term Contract if the underlying contract expires prior to the effective date of the renewal.

  • Contract Documents This Contract consists of these Terms and Conditions and the documents ("Exhibits") listed below in descending order of precedence. A conflict in these documents shall be resolved in the priority listed below with these Terms and Conditions taking precedence over all other documents. The Exhibits to this Contract include the following documents: