Common use of Makeup Gas Clause in Contracts

Makeup Gas. (a) If the Buyer has paid GNT Amount during a Term of the Agreement, subject to availability of the Gas, the Buyer shall be entitled to a credit for the quantity of Sales Gas, up to a quantity equal in value to that of GNT Amount until the expiry of the Recovery Period (“Makeup Gas”). However, Sellers shall not be under an obligation to supply Sales Gas beyond DCQ for the purpose of supplying such Make-up Gas. (b) The price ascribed to Makeup Gas quantity for the purpose of setting off against GNT Amount shall be the Arithmetic Average of the Sales Gas Price applicable during the Term of the Agreement in which Makeup Gas is offtaken by the Buyer. Sellers shall provide a credit towards the Makeup Gas quantities taken by Buyer up to GNT Amount. (c) The order in which Makeup Gas shall be offtaken shall be the same order in which the Makeup Gas is accrued. It is hereby agreed between the Parties that the Buyer shall offtake all quantities of Makeup Gas as per this Clause 4.3 before the expiry of the Recovery Period. For avoidance of doubt, there shall be no obligations like Take-or-Pay or shortfall applicable for Make-up Gas. (d) If upon expiry of the Recovery Period, ▇▇▇▇▇ has failed to take any remaining Make Up Gas, then the Buyer’s right to such remaining Make Up Gas shall be forfeited without any further recourse.

Makeup Gas. (a) If the Buyer has paid GNT Amount during a Term of the Agreement, subject to availability of the Gas, the Buyer shall be entitled to a credit for the quantity of Sales Gas, up to a quantity equal in value to that of GNT Amount in subsequent Fortnight, until the expiry of the Recovery Period (“Makeup Gas”). However, Sellers shall not be under an obligation to supply Sales Gas beyond DCQ for the purpose of supplying such Make-up Gas. (b) The price ascribed to Makeup Gas quantity for the purpose of setting off against GNT Amount shall be the Arithmetic Average of the Sales Gas Price applicable during the Term of the Agreement in which Makeup Gas is offtaken by the Buyer. Sellers shall provide a credit towards the Makeup Gas quantities taken by Buyer up to GNT Amount. (c) The order in which Makeup Gas shall be offtaken shall be the same order in which the Makeup Gas is accrued. It is hereby agreed between the Parties that the Buyer shall offtake all quantities of Makeup Gas as per this Clause 4.3 before the expiry of the Recovery Period. For avoidance of doubt, there shall be no obligations like Take-or-Pay or shortfall applicable for Make-up Gas. (d) If upon expiry of the Recovery Period, ▇▇▇▇▇ has failed to take any remaining Make Up Gas, then the Buyer’s right to such remaining Make Up Gas shall be forfeited without any further recourse.

Makeup Gas. (a) If the Buyer has paid GNT Amount during a the Term of the this Agreement, subject to availability of the Gas, the Buyer shall be entitled to a credit for the quantity of Sales Gas, up to a quantity equal in value to that of GNT Amount in subsequent Month, until the expiry of the Recovery Period (“Makeup Gas”). ; However, Sellers shall not be under an obligation to supply Sales Gas beyond DCQ for the purpose of supplying such Make-up Gas. (b) The price ascribed to Makeup Gas quantity for the purpose of setting off against GNT Amount shall be the Arithmetic Average of the Sales Gas Price applicable during the Term of the Agreement in which Makeup Gas is offtaken by the Buyer. Sellers shall provide a credit towards the Makeup Gas quantities taken by Buyer up to GNT Amount. (c) The order in which Makeup Gas shall be offtaken shall be the same order in which the Makeup Gas is accrued. It is hereby agreed between the Parties that the Buyer shall offtake all quantities of Makeup Gas as per this Clause 4.3 before the expiry of the Recovery Period. For avoidance of doubt, there shall be no obligations like Take-or-Pay or shortfall applicable for Make-up Gas. (d) If upon expiry of the Recovery Period, ▇▇▇▇▇ has failed to take any remaining Make Up Gas, then the Buyer’s right to such remaining Make Up Gas shall be forfeited without any further recourse.

Makeup Gas. (a) If the Buyer has paid GNT QGNT Amount during a Term of the Agreement, subject to availability of the GasQuarter, the Buyer shall be entitled to a credit for the quantity of Sales Gas, up to a quantity equal in value to that of GNT QGNT Amount in subsequent Quarters, until the expiry of the Recovery Period End Date (“Makeup Gas”). However; provided, that the Buyer must first have taken delivery of the QTOPQ for that Quarter in which the Buyer wishes to draw Makeup Gas, Sellers shall not be under an obligation to supply Sales Gas beyond DCQ for the purpose of supplying such Make-up Gas. (b) The price value ascribed to Makeup Gas quantity for the purpose of setting off against GNT QGNT Amount shall be the Arithmetic Average of the Sales Gas Price applicable during the Term of the Agreement Quarter in which Makeup Gas is offtaken by the Buyer. Sellers shall provide a credit towards the Makeup Gas quantities taken by Buyer up to GNT QGNT Amount. (c) The order in which Makeup Gas shall be offtaken shall be the same order in which the Makeup Gas is accrued. It is hereby agreed between the Parties that the Buyer shall offtake all quantities of Makeup Gas as per this Clause 4.3 before the expiry of the Recovery Period. For avoidance of doubt, there shall be no obligations like Take-or-Pay or shortfall applicable for Make-up GasEnd Date. (d) If upon expiry of the Recovery Period, ▇▇▇▇▇ has failed to take any remaining Make Up Gas, then the Buyer’s right to such remaining Make Up Gas shall be forfeited without any further recourse.