EXCEEDING CONTRACTED PEAK RATE. (a) If <User>'s Instantaneous Flow Rate exceeds its Contracted Peak Rate for a Delivery Point, then <User> has acquired "Overrun Service" and must pay <Service Provider> an Overrun Charge calculated as follows: OC = OSR x Q Overrun where: OC = the Overrun Charge payable by <User> to <Service Provider> for the Delivery Point for the month; OSR = the "Overrun Service Rate" which is calculated by multiplying the Usage Charge Rate for the Delivery Point for the month by 200; and Q Overrun = the total for the month of each gigajoule or part of a gigajoule of Gas in excess of <User>'s Contracted Peak Rate that was delivered to <User> at the Delivery Point during a period of time in which <User>'s Instantaneous Flow Rate exceeded its Contracted Peak Rate.
Appears in 4 contracts
Samples: Template Service Agreement, Haulage Contractservice Agreement, Template Service Agreement
