Remittance Options Sample Clauses

Remittance Options. Remittance to Gas Vendor by the Company is based on consumption by consumer under one of the following options as elected by Gas Vendor on the signing page of this Contract: a) Smooth Remit On Consumption Option: (A x B/C) + D – E = remittance Where: A = net quantity of natural gas received by the Company on behalf of that consumer for the Month which is equal to gas received by the Company plus or minus transactional services B = total monthly dollar invoices issued to consumer in that month that could include but not be limited to commodity and/or transportation and/or storage charges, or prior period adjustments C = total volume consumed by consumer, invoiced in that month plus or minus adjustments for previous invoices D = Stand Alone Fees as identified in the Price Report E = The Company’s fees, third party charges, and Surviving Obligations. The funds imbalance as it relates toeach Bundled T Contract, (which is an outcome of the difference in dollar values between the monthly remittance and the invoices issued to the consumer), will be reconciled by the Company in the month following the anniversary or end of each Bundled Transportation Agreement.