DAILY CAPACITY SUBSCRIPTION Clause Samples

The Daily Capacity Subscription clause establishes a contractual arrangement where a customer subscribes to a specified amount of service or product capacity on a daily basis. Under this clause, the customer commits to purchasing or reserving a set quantity each day, regardless of actual usage, and the provider guarantees that this capacity will be available. For example, a business might subscribe to a daily allocation of cloud computing resources or manufacturing output. The core function of this clause is to ensure predictable access and revenue by locking in daily commitments, thereby reducing uncertainty for both parties and facilitating efficient resource planning.
DAILY CAPACITY SUBSCRIPTION. ‌ Requests for daily subscriptions of Entry and Exit Capacity at Transport Storage Interface Points (PITS) for a given Day D must be submitted by the Shipper on Day D-1 between 2:00 p.m. (14:00) and 10:00 p.m. (22:00) via TRANS@ctions. The Shipper’s request is deemed to be equal to the difference between the Shipper’s Nomination and the sum of the Firm and Interruptible Daily Capacity subscribed by the Shipper at the Transport Storage Interface Point concerned for the gas flow direction in question, whether incoming or outgoing. The daily capacity allocated by GRTgaz to the Shipper is equal, within the limits of the Network’s capacity, respectively to the daily withdrawal and injection capacity allocated by the Storage Operator(s) under its daily capacity service, as a supplement to the corresponding annual capacity. Each Daily Entry Capacity and Daily Exit Capacity at a Transport Storage Interface Point specified in Appendix 2 to the Contract can be amended by GRTgaz on the basis of information provided by the Storage Operator(s). Clause 6 Reservation procedures for capacit y and acces s to Auxiliary Services ‌
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DAILY CAPACITY SUBSCRIPTION. Concerning storage products with a duration of less than one (1) Month or in excess or equal to one (1) Day allocated to the Shipper by the storage Operator(s), the Daily Entry (respectively Exit) Transport Storage Interface Capacity at the Transport Storage Interface Points are allocated automatically to the Shipper by GRTgaz provided there is sufficient capacity on the Network and on the basis of the storage capacities previously allocated by the storage Operator(s). In case of Daily Quantity scheduled by the Shipper superior to the sum of the Transport Storage Interface Capacities subscribed by the Shipper at Transport Storage Interface Point for a given direction (Entry or Exit), the Daily Transport Storage Interface Capacities are automatically allocated by GRTgaz ex post. The allocation is equal to the difference between the Daily Quantity Scheduled by the Shipper and the sum of the Transport Storage Interface Capacities beforehand subscribed by the Shipper at the Transport Storage Interface Point in the given direction. Clause 7 Reservation procedures for capacity
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DAILY CAPACITY SUBSCRIPTION. Requests for daily subscriptions of Entry and Exit Capacity at Transport Storage Interface Points (PITS) for a given Day D must be submitted by the Shipper on Day D-1 between 2:00 p.m. (14:00) and 10:00 p.m. (22:00) via TRANS@ctions. The Shipper’s request is deemed to be equal to the difference between the Shipper’s Nomination and the sum of the Firm and Interruptible Daily Capacity subscribed by the Shipper at the Transport Storage Interface Point concerned for the gas flow direction in question, whether incoming or outgoing. The daily capacity allocated by GRTgaz to the Shipper is equal, within the limits of the Network’s capacity, respectively to the daily withdrawal and injection capacity allocated by the Storage Operator(s) under its daily capacity service, as a supplement to the corresponding annual capacity. Each Daily Entry Capacity and Daily Exit Capacity at a Transport Storage Interface Point specified in the Appendix 2 to the Contract can be amended by GRTgaz on the basis of information provided by the Storage Operator(s). At the Transport Storage Interface Points and only in each flow direction in the case of a capacity reduction in the given direction, GRTgaz offers Short-term Use-It-Or-Lose-It (UIOLI) capacity, making it possible for the Shipper to request additional capacity beyond its Initial Operational Capacity. Such capacity may be allocated in full or in part in the event that one or several Shippers have not used in full their Operational Capacity (-ies) at the relevant point a given Day. Such Short-term UIOLI capacity allocated to the Shipper may be reduced, partially or totally at any time in the event of a new Nomination by shippers holding primary capacity. An excess of Nominations relative to the Initial Operational Capacity shall be considered a Short-term UIOLI capacity request from the Day D-1 at 2pm (14:00) to the Day D at 3am (3:00). Short-term UIOLI capacity is allocated at the end of each cycle and published exclusively via the IT System in the present case in the beneficiary Shipper’s Operational Capacity Statement. In this case, Short-term UIOLI capacity requested on the Day D («intra-day» or «within-day» requests) is allocated to the Shipper who is the beneficiary in that case on a daily basis at the end of each cycle on Day
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Related to DAILY CAPACITY SUBSCRIPTION

  • Action in Shareholder Capacity Only The parties acknowledge that this Agreement is entered into by Shareholder solely in such Shareholder’s capacity as the Beneficial Owner of such Shareholder’s Owned Securities and nothing in this Agreement restricts or limits any action taken by such Shareholder in its capacity as a director or officer of the Company or any of its Affiliates and the taking of any actions (or failure to act) in its capacity as an officer or director of the Company, or any of its Affiliates, will not be deemed to constitute a breach of this Agreement, regardless of the circumstances thereto.

  • Action in Stockholder Capacity Only Stockholder makes no agreement or understanding herein as director or officer of the Company. Stockholder signs solely in his capacity as a recordholder and beneficial owner of the Shares, and nothing herein shall limit or affect any actions taken in his capacity as an officer or director of the Company.

  • Capacity as Stockholder Each Stockholder signs this Agreement in such Stockholder’s capacity as a stockholder of the Company, and not, if applicable, in such Stockholder’s capacity as a director, officer or employee of the Company. Notwithstanding anything herein to the contrary, nothing in this Agreement shall in any way restrict a director or officer of the Company in the taking of any actions (or failure to act) in his or her capacity as a director or officer of the Company, or in the exercise of his or her fiduciary duties in his or her capacity as a director or officer of the Company, or prevent or be construed to create any obligation on the part of any director or officer of the Company from taking any action in his or her capacity as such director or officer.

  • Capacity as Shareholder Each Shareholder signs this Agreement solely in such Shareholder’s capacity as a shareholder of the Company, and not in such Shareholder’s capacity as a director, officer or employee of the Company, if applicable.

  • Shareholder Capacity By executing and delivering this -------------------- Agreement, Shareholder makes no agreement or understanding herein in his capacity as a director or officer of the Company or any subsidiary of the Company. Shareholder signs solely in his capacity as the beneficial owner of Shareholder's Shares and nothing herein shall limit or affect any actions taken by Shareholder in his capacity as an officer or director of the Company or any subsidiary of the Company.