Debiting the Subscription Account Clause Samples

Debiting the Subscription Account. During the Monthly Schedule or as part of an intra-monthly rescheduling for Month M, the Shipper may ask to schedule one or more additional Cargo Transfers or to increase the Energy Content of an Unloading, without changing its Subscription for Month M. This quantity shall then be debited from the Shipper's Subscription Account, subject to the Operator's Monthly Schedule notification. In the case of Unloading or additional quantity scheduled in another terminal in the frame of Pooling, quantity from the Shipper's Subscription Account that is effectively used to calculate the Pooling credit as per Article 30.12 shall then be debited from the Shipper's Subscription Account. Any subscription of capacities credited to the Shipper's Subscription Account by another shipper shall take place in accordance with Article 18. The assigned capacities shall then be debited from the Shipper's Subscription Account. The Subscription Account may not, under any circumstances, be negative. 25 DEDICATED STORAGE SPACE MECHANISM 25.1 CONTRACTUAL STORAGE SPACE By the fifteenth (15th) of December of Year N-1, the Operator shall allocate to the Shipper a Contractual Storage Space for Year N equal to the Total Contractual Storage Space for Year N multiplied by the ratio of the Shipper's Contractual Unloaded Quantity to the Terminal's Total Firm Capacity. By way of derogation to Article 23.4, the Shipper may ask to inject into the Contractual Storage Space (this may not result in a negative Inventory Level) or withdraw from the Contractual Storage Space every Day D for Day D+1 without changing its Forecasted Daily Send-Out. The Operator shall make reasonable efforts to accept the request. The Shipper shall have until the nineteenth (19th) calendar day of Month M-1 to assign to another shipper all or part of its Dedicated Storage Space for Month M and the following Months. The assignor shipper shall send to the Operator its request detailing the period concerned, the share of the Dedicated Storage Space assigned, as well as the identity of the beneficiary shipper. 25.2 MONTHLY STORAGE SPACE The Shipper may, when applying for the Monthly Schedule Request for Month M, request all or part of the Available Contractual Storage Space for Month M and the following Months. The Monthly Storage Space is allocated in priority to requests for longer durations. Secondly, when the combined requests from all Shippers exceed the Available Contractual Storage Space for a given Month, the Monthly Stora...