Gas Purchasing Sample Clauses
The Gas Purchasing clause defines the terms and conditions under which one party agrees to buy natural gas from another. It typically outlines the quantity, quality specifications, delivery points, and pricing mechanisms for the gas to be purchased, and may also address scheduling, nomination procedures, and payment terms. This clause ensures both parties have a clear understanding of their obligations and rights regarding the sale and purchase of gas, thereby reducing the risk of disputes and ensuring a reliable supply chain.
Gas Purchasing. Utility and DWR shall jointly determine a list of approved gas providers who can be used to supply gas under the Contracts with Fuel Options. Master agreements intended to cover normal day-to-day volumes will then be executed with such approved providers. While DWR will be the executing party under all DWR gas contracts, such agreements shall specifically authorize Utility to act for and on behalf of DWR, as a limited agent, in negotiating specific prices, quantities and delivery periods for specific purchases under such master agreements; provided however, on the earliest practicable date after the execution of this Agreement, DWR agrees to provide to Utility in writing and in advance of such negotiations any limits, including without limitation any terms, that may be required by DWR. If Utility determines it would be beneficial to enter into any DWR gas contract which exceeds 3 months or have a total value exceeding $10 million, it shall negotiate such agreement(s) and submit them to DWR for advance approval and execution.
Gas Purchasing. Under the policy direction of the Board, ABAG staff will regularly canvas the natural gas market and enter into contracts to acquire natural gas for, among others, fixed price, indexed price and variable price with a minimum and/or maximum. ABAG staff, under the policy direction of the Board, has the power to execute all contracts reasonably necessary to deliver natural gas to each Participant.
Gas Purchasing. Utility and DWR shall jointly determine a list of approved gas suppliers who can be used to supply gas under the Contracts with Fuel Options. Master agreements intended to cover normal day-to-day volumes will then be executed with such approved providers. While DWR will be the executing party, such agreements shall specifically authorize Utility to act for and on behalf of DWR in negotiating specific prices, quantities and delivery periods for specific purchases under such master agreements.
Gas Purchasing. Utility and DWR shall jointly determine a list of approved gas suppliers who can be used to supply gas under the Contracts with Fuel Options. Master agreements (GISB, etc) intended to cover normal day-to-day volumes will then be executed with such approved suppliers. While DWR will be the executing party, such agreements shall specifically authorize Utility to act for and on behalf of DWR in negotiating specific prices, quantities and delivery periods for specific purchases under such master agreements. If Utility determines it would be beneficial to enter into a firm gas supply agreement with a term greater than three months or with a total value exceeding $10 million or such other amounts that the parties may mutually agree to, it shall negotiate such agreement(s) and submit them to DWR for advance approval and execution.