Gas Quantities Sample Clauses
The 'Gas Quantities' clause defines how the amount of gas to be delivered, received, or measured under an agreement is determined and managed. It typically outlines the procedures for nomination, scheduling, and confirmation of gas volumes, and may specify measurement standards or methods for resolving discrepancies. This clause ensures both parties have a clear understanding of their obligations regarding gas volumes, thereby minimizing disputes and facilitating smooth operational coordination.
Gas Quantities. 4.4.2.1 The MDQ;
4.4.2.2 The MHQ; and
4.4.2.3 The AVL;
Gas Quantities. Commencing on the date hereof, Gatherer shall receive at the Delivery Point all natural gas ("SHIPPER'S GAS") produced from the Properties that is owned or controlled by Shipper up to a quantity of gas equal to 30 million MMBtu's per day and redeliver at the Redelivery Point a quantity ("EQUIVALENT QUANTITIES") of gas that contains the same heating value as the natural gas received by Gatherer from Shipper, less a proportionate share, based on Btu's delivered, of the actual fuel, shrinkage and line loss on the Pipeline, provided that the total reduction for fuel, shrinkage and line loss ("LINE LOSS") shall not exceed normal industry Line Loss on gathering systems similar to the Pipeline and operated under similar operating conditions. It is understood and agreed that Shipper is contracting for and that Gatherer is agreeing to provide "firm" gathering services. Therefore, Gatherer shall not interrupt or curtail the gathering of such natural gas, except to the extent that interruption or curtailment is caused by (a) force majeure or (b) compliance with applicable laws, rules, regulations and orders of governmental bodies having jurisdiction, including, without limitation, Section 1334 of Title 43 of the U.S.C.A. and the applicable rules, regulations and orders of the Minerals Management Service as they exist from time to time.
Gas Quantities. 4.4.2.1 The MDQ;
4.4.2.2 The Initial Contract Demand (“CD”), as defined in the applicable Rate Schedule