Common use of First Option Period Clause in Contracts

First Option Period. If ▇▇▇▇▇▇▇ gives a notice in accordance with clauses 4.5 or 4.8 exercising the first option given to it under clause 4.3, then the Period of Supply for the Original Capacity under this Contract will be extended for a period of 1 year and: (a) the Capacity End Date for the Original Capacity (as defined in clause 4.1) is amended to 08:00 hours on that date; and (b) this clause 4.6 (relating to the exercise of the Option) will have no effect after 08:00 hours on the date originally specified in the Access Request Form as the Capacity End Date.

Appears in 3 contracts

Sources: B1 Reference Service Terms and Conditions, Reference Services Terms and Conditions, Reference Service Terms and Conditions

First Option Period. If ▇▇▇▇▇▇▇ gives a notice in accordance with clauses 4.5 or 4.8 exercising the first option given to it under clause 4.3, then the Period of Supply for the Original Capacity under this Contract will be extended for a period of 1 year the Option Period specified in that notice and: (a) the Capacity End Date for the Original Capacity (as defined in clause 4.1) is amended to 08:00 hours on that date; andand‌ (b) this clause 4.6 (relating to the exercise of the Option) will have no effect after 08:00 hours on the date originally specified in the Access Request Form as the Capacity End Date.

Appears in 2 contracts

Sources: Service Terms and Conditions, Reference Service Terms and Conditions

First Option Period. If ▇▇▇▇▇▇▇ gives a notice in accordance with clauses 4.5 or 4.8 exercising the first option given to it under clause 4.3, then the Period of Supply for the Original Capacity under this Contract will be extended for a period of 1 year andthe Option Period specified in that notice: (a) the Capacity End Date for the Original Capacity (as defined in clause 4.1) is amended to 08:00 hours on that date; and (b) this clause 4.6 (relating to the exercise of the Option) will have no effect after 08:00 hours on the date originally specified in the Access Request Form as the Capacity End Date.

Appears in 1 contract

Sources: Reference Service Terms and Conditions

First Option Period. If ▇▇▇▇▇▇▇ gives a notice in accordance with clauses 4.5 or 4.8 exercising the first option given to it under clause 4.3, then the Period of Supply for the Original Capacity under this Contract will be extended for a period of 1 year the Option Period specified in that notice and: (a) the Capacity End Date for the Original Capacity (as defined in clause 4.1) is amended to 08:00 hours on that date; andand 20261 - 203025 Access Arrangement for the DBNGP 29 (b) this clause 4.6 (relating to the exercise of the Option) will have no effect after 08:00 hours on the date originally specified in the Access Request Form as the Capacity End Date.

Appears in 1 contract

Sources: Service Terms and Conditions

First Option Period. If ▇▇▇▇▇▇▇ gives a notice in accordance with clauses 4.5 or 4.8 exercising the first option given to it under clause 4.3, then the Period of Supply for the Original Capacity under this Contract will be extended for a athe chosen period of 1 year and: (a) the Capacity End Date for the Original Capacity (as defined in clause 4.1) is amended to 08:00 hours on that date; and (b) this clause 4.6 (relating to the exercise of the Option) will have no effect after 08:00 hours on the date originally specified in the Access Request Form as the Capacity End Date.

Appears in 1 contract

Sources: Service Terms and Conditions

First Option Period. If ▇▇▇▇▇▇▇ gives a notice in accordance with clauses 4.5 or 4.8 exercising the first option given to it under clause 4.3, then the Period of Supply for the Original Capacity under this Contract will be extended for a period of 1 year andthe Option Period specified in that notice: (a) the Capacity End Date for the Original Capacity (as defined in clause 4.1) is amended to 08:00 hours on that date; andand‌ (b) this clause 4.6 (relating to the exercise of the Option) will have no effect after 08:00 hours on the date originally specified in the Access Request Form as the Capacity End Date.

Appears in 1 contract

Sources: Service Terms and Conditions