Receipt Points Under the IPP and PALS Rate Schedules Clause Samples

Receipt Points Under the IPP and PALS Rate Schedules. If there is insufficient capacity to satisfy all nominations at a receipt point, including nominations under IPP or PALS, Transporter shall allocate capacity first to nominations under Rate Schedule IPP, then, if capacity is still available, to nominations under Rate Schedule PALS. If there is insufficient capacity to satisfy all IPP nominations, the Transporter shall allocate capacity among IPP Shippers based upon those Shippers' respective nominated quantities. If there is insufficient capacity to satisfy all PAL nominations, then Transporter shall allocate capacity to PAL Shippers sequentially beginning with the highest rate being paid. Among Shippers of this class paying the same rate, Transporter shall allocate capacity pro rata based upon those Shippers' respective nominated quantities. If there is insufficient capacity to satisfy all IPP and PALS nominations, then any such unsatisfied nominations shall be rejected, and holders of rejected nominations for IPP and PALS service will be notified so that they can (i) arrange for or implement a transfer between pools pursuant to the IPP Rate Schedule; (ii) arrange for an inventory transfer pursuant to Section 18 (Transfers of Imbalance Netting and Trading) of the General Terms and Conditions; (iii) arrange for a predetermined allocation method (PDA) pursuant to Section 8.2 (Receipt Point Allocation) of the General Terms and Conditions; (iv) renominate directly from such receipt point (and not from the IPP pool); or (v) make other arrangements agreed to by Transporter.
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Related to Receipt Points Under the IPP and PALS Rate Schedules

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