Nominations for UPB Service Clause Samples

The "Nominations for UPB Service" clause establishes the process by which parties can propose or nominate individuals or entities to provide services related to UPB (which may refer to a specific service, board, or function as defined elsewhere in the agreement). Typically, this clause outlines the criteria for eligible nominees, the method and timeline for submitting nominations, and any approval or vetting procedures that must be followed. By clearly defining how nominations are made and considered, the clause ensures transparency and fairness in the selection process, helping to prevent disputes and promote confidence in the appointment of service providers.
Nominations for UPB Service. (a) If UPB Service has been selected with respect to Storage Services, Shipper shall provide to Enbridge as part of any nomination for Storage Services the following nomination profile: (i) the quantity of gas Shipper requests Enbridge to receive into the Storage Account at the Receipt Point for each hour remaining in the Day after the effective time of the nomination, which amount may differ for each hour remaining in the Day; and (ii) the quantity of gas Shipper requests Enbridge to deliver from the Storage Account at the Delivery Point for each hour remaining in the Day after the effective time of the nomination, which amount may differ for each hour remaining in the Day. (b) Enbridge shall only be required to authorize such nomination for UPB Service to the extent: (i) all of the terms and conditions of this Contract, this Schedule, any other Schedule and Enbridge’s Market Price Service Schedule are complied with; and (ii) Shipper’s nomination under the Storage Services is available to Shipper on a firm basis under the terms of the Storage Services at the time of the nomination, which for Storage Services which is not supplemented by F24-S Service means the nomination duly made by Shipper prior to the nomination deadline for the first nomination cycle applicable for that Day up to the Daily Firm Quantity, and for Storage Services which is supplemented by F24-S Service means the quantity determined in accordance with Section 2 of Schedule 3. Enbridge may authorize any nomination for UPB Service that does not comply with the foregoing in its sole discretion on an interruptible basis (including, in the case of Storage Services which are not supplemented by F24-S Service, a nomination made prior to the nomination deadline for any other NAESB nomination cycle). Despite anything to the contrary herein, ▇▇▇▇▇▇▇ may not increase its nominations at any time other than the Timely Nomination cycle for any given Day, after ▇▇▇▇▇▇▇▇ declares force majeure and until such time as the force majeure ceases.
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Related to Nominations for UPB Service

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Nomination The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottee shall obtain prior written permission of the Promoter and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

  • Failure to Designate a Board Member In the absence of any designation from the Persons or groups with the right to designate a director as specified above, the director previously designated by them and then serving shall be reelected if still eligible to serve as provided herein.

  • No Liability for Election of Recommended Directors No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement.

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