Common use of Final Reference Period Clause in Contracts

Final Reference Period. 5.1.1 If the User has LNG in the FSRU during the final Reference Period of the Term, the Operator has the right in its discretion to purchase in aggregate up to five thousand cubic meters (5,000 m3) of LNG at the Terminal at the applicable THE DA Price on the date of such purchase and the Operator may purchase from the User a quantity of LNG equivalent to the proportion that the User’s Inventory at the commencement of such final Reference Period bears to the inventory of all users (including the User) at the commencement of such final Reference Period. 5.1.2 Without prejudice to the Operator’s rights pursuant to Clause 5.1.1, Operator has the right, in its sole discretion, to purchase any User’s Inventory remaining in the Terminal at the end of the last Reference Period.

Final Reference Period. ‌ 5.1.1 If the User has LNG in the FSRU during the final Reference Period of the Term, the Operator has the right in its discretion to purchase in aggregate up to five thousand cubic meters (5,000 m3) of LNG at the Terminal at the applicable THE DA Price on the date of such purchase and the Operator may purchase from the User a quantity of LNG equivalent to the proportion that the User’s Inventory at the commencement of such final Reference Period bears to the inventory of all users (including the User) at the commencement of such final Reference Period. 5.1.2 Without prejudice to the Operator’s rights pursuant to Clause 5.1.1, Operator has the right, in its sole discretion, to purchase any User’s Inventory remaining in the Terminal at the end of the last Reference Period.