MARKETING OF CAPACITY Clause Samples

The "Marketing of Capacity" clause defines the rights and obligations of parties regarding the promotion and sale of available capacity, such as energy, bandwidth, or storage, under an agreement. Typically, this clause outlines which party is responsible for marketing unused or excess capacity, the procedures for offering it to third parties, and any revenue-sharing arrangements that may apply. By clearly allocating marketing responsibilities and setting out the process for utilizing surplus capacity, this clause helps maximize asset utilization and ensures that both parties benefit from additional sales opportunities.
MARKETING OF CAPACITY. Delivery capacity at Consumer Delivery Points and at Regional Network Interconnection Points, Transmission Capacity on the Regional Network and Exit Capacity on the Main Network, are all reserved via Reservation requests submitted to GRTgaz by the Shipper through TRANS@ctions. The marketing process is described in Clause 3 below. Annual Firm Delivery Capacity at Transport Distribution Interface Points (PITD) is allocated automatically by GRTgaz. This capacity is calculated by GRTgaz on the basis of data provided by the Operator of the public gas distribution network. The method to calculate this Delivery Capacity is standardised and published. This procedure to allocate capacity automatically is described in Clause 5 below. Clause 3 Marketing of capacity ‌
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Related to MARKETING OF CAPACITY

  • Assessment of capacity For the purpose of establishing the percentage of the rate to be paid to an employee under this Agreement, the productive capacity of the employee will be assessed in accordance with the Supported Wage System and documented in an assessment instrument by either: (a) the employer and the union in consultation with the employee or, if desired by any of these; or (b) the employer and an accredited Assessor from a panel agreed by the parties to the Agreement and the employee.

  • INDEPENDENT CAPACITY The employees or agents of each party who are engaged in the performance of this Agreement shall continue to be employees or agents of that party and shall not be considered for any purpose to be employees or agents of the other party.

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • OPERATIONAL CAPABILITY Contractor represents and warrants, as previously certified in Contractor’s Bidder’s Certification, that Contractor has the operational and financial capability to perform the Contract.

  • Power and Capacity Each Shareholder has the power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement constitutes each Shareholder’s valid, legal and binding obligation and is enforceable against such Shareholder in accordance with its terms, subject, however, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, moratorium and similar laws of general applicability relating to or affecting creditors’ rights;