Replacement Gas Sample Clauses

The Replacement Gas clause defines the obligations and procedures for providing substitute natural gas if the originally contracted supply becomes unavailable. Typically, this clause outlines the conditions under which replacement gas must be sourced, the quality and quantity standards it must meet, and how pricing adjustments are handled if the replacement gas differs from the original terms. Its core practical function is to ensure continuity of supply and minimize disruptions, thereby protecting both parties from unforeseen shortages or delivery failures.
Replacement Gas. (a) In this clause: (i) LG Period means a period of time over which an LG Quantity is calculated being a period of not less than 12 Calendar Months; (ii) LG Quantity means the Quantity of Gas that is calculated as follows: (A) the aggregate of the measured Quantities of Gas received into the Network at all Receipt Points; less (B) the aggregate of the measured Quantities of Gas Delivered on behalf of all Network Users to Delivery Points; less (C) any increase (or plus any decrease) in linepack in the Network (as determined by Evoenergy acting reasonably), over an LG Period, as calculated at least 6 Calendar Months after end of that LG Period. (b) Not used. (c) Evoenergy will calculate an LG Quantity on the basis of the available data at the time. (d) Evoenergy may update the LG Quantity at any time to reflect updated data for an LG Period. However, Evoenergy is not obliged to recalculate the LG Quantity for a LG Period once 12 months have elapsed since the end of that LG Period. (e) Evoenergy will procure Replacement Gas equal to: (i) Evoenergy’s forward estimate of the LG Quantity for an LG Period; less (ii) the difference between the Quantities of Replacement Gas Evoenergy has previously procured for any earlier LG Period and the LG Quantity for that LG Period. (f) Evoenergy will procure Replacement Gas on a commercial basis determined by Evoenergy, acting reasonably, which may include (without limitation) any one or a combination of the following: (i) utilising a competitive open tender for the supply and/or haulage of Gas over any period, as reasonably determined by Evoenergy; and (ii) Evoenergy itself producing Replacement Gas, or Procuring Replacement Gas from a Related Body Corporate. (g) Evoenergy will recover all costs of procuring Replacement Gas through the Reference Tariffs in accordance with the provisions of the Access Arrangement, provided that if clause 9.5(f)(ii) applies, the costs will be no greater than the costs which would have applied if Evoenergy had procured the Replacement Gas from a third party. (h) Notwithstanding any other provision of this Agreement, Evoenergy’s obligation under this Agreement to purchase a Quantity of Replacement Gas is subject to and only applies to the extent that Evoenergy has timely access to verified and sufficiently accurate data at each Receipt Point to be able to calculate the LG Quantity.
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Replacement Gas. (a) In this clause: (i) LG Period means a period of time over which an LG Quantity is calculated, being a period of not less than 12 Calendar Months; (ii) LG Quantity means the Quantity of Gas that is calculated as follows: (A) the aggregate of the measured Quantities of Gas received into the Network at all Receipt Points; less (B) the aggregate of measured Quantities of Gas Delivered on behalf of all Network Users to Delivery Points; less (C) any increase (or plus any decrease) in linepack in the Network (as determined by JGN, acting reasonably), over an LG Period, as calculated at least 6 Calendar Months after the end of that LG Period; (b) Not used
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Replacement Gas. (a) In this clause: (i) LG Period means a period of time over which an LG Quantity is calculated being a period of not less than 12 Calendar Months; (ii) LG Quantity means the Quantity of Gas that is calculated as follows: (A) the aggregate of the measured Quantities of Gas received into the Network at all Receipt Points; less (B) the aggregate of the measured Quantities of Gas Delivered on behalf of all Network Users to Delivery Points; less (C) any increase (or plus any decrease) in linepack in the Network (as determined by Evoenergy acting reasonably), over an LG Period, as calculated at least 6 Calendar Months after end of that LG Period. (b) Evoenergy will calculate an LG Quantity on the basis of the available data at the time. (c) Evoenergy may update the LG Quantity at any time to reflect updated data for an LG Period. However, Evoenergy is not obliged to recalculate the LG Quantity for a LG Period once 12 months have elapsed since the end of that LG Period.
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Replacement Gas. 6.2.1 Within [redacted] after receiving DYPM's Schedule for the next Day under Section 6. 1.1 (but no earlier than [redacted], Southern shall notify DYPM (either telephonic or electronic) whether it will cover DYPM's Schedule utilizing Replacement Seller's Resources. If Southern provides notice that it will cover some portion of the Schedule with Replacement Seller's Resources, within [redacted] after receiving such notice by Southern, DYPM shall offer a delivered price (in $/MMBTU) ("Replacement Gas Price") for the amount of Gas (in MMBTU) that would have been required by the Specified Seller's Resources to produce the energy to be served by Replacement Seller's Resources ("Replacement Gas"). Within [redacted] of receiving such price, Southern shall then elect to: (i) treat the price offered by DYPM as the Replacement Gas Price (including for purposes of Section 5.3); or (ii) treat the price offered by DYPM as the Replacement Gas Price (including for purposes of Section 5.3) and require DYPM to cause one of its Affiliates to deliver Replacement Gas at alternate delivery points, provided that Southern shall compensate such Affiliate for the additional actual costs (if any) incurred to deliver to such alternate points in lieu of delivery to the Specified Seller's Resources. In the case of (ii), Southern shall receive and purchase from DYPM's Affiliate, and DYPM shall cause one of its Affiliates to supply and sell to Southern, the Replacement Gas at the Replacement Gas Price, at such alternate delivery point(s) specified by Southern (such transaction to be performed pursuant to another contemporaneous agreement between the Parties). DYPM's Affiliates shall use Commercially Reasonable Efforts to arrange for the delivery to the alternate delivery point(s); provided, however, that Southern bears the risk to the extent the delivery arrangements associated with delivery to Specified Seller's Resources are not adequate for delivering to the alternate delivery point(s). 6.2.2 In the event that DYPM increases the amount of Scheduled Energy (or submits a Schedule where none existed) (such increased amount being referred to as the "Increased Scheduled Energy") for any hour after it has submitted the Schedule for such hour pursuant to the second sentence of Section 6.1 (or after 0900 CPT if no Schedule was submitted), then Southern shall notify DYPM (either telephonic or electronic) whether it will cover DYPM's Schedule utilizing Replacement Seller's Resources. If Sout...
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Replacement Gas. (a) In this clause: (i) LG Period means a period of time over which an LG Quantity is calculated, being a period of not less than 12 Calendar Months;
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Replacement Gas. Southern's Rights to the Specified Seller's Resources................................................21 6.4 Title and Risk of Loss...............................................................................21
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Related to Replacement Gas

  • Interconnection Facilities 4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the NYISO, and the Connecting Transmission Owner. 4.1.2 The Interconnection Customer shall be responsible for its share of all reasonable expenses, including overheads, associated with (1) owning, operating, maintaining, repairing, and replacing its own Interconnection Facilities, and

  • Replacements and Replacement Reserve Borrower shall cause Mortgage Borrower to comply with all the terms and conditions set forth in Section 7.3 of the Mortgage Loan Agreement. In the event that, prior to the payment and performance in full of all obligations of Borrower under the Loan Documents, (1) (i) Mortgage Borrower is required to maintain the Replacement Reserve Fund pursuant to the terms of Section 7.3 of the Mortgage Loan Agreement, but Mortgage Lender waives such requirement, (ii) Mortgage Borrower is no longer required pursuant to the terms of the Mortgage Loan Agreement to maintain the Replacement Reserve Fund or (iii) the Mortgage Loan has been repaid in full, and (2) (i) Mezzanine A Borrower is required to maintain the Replacement Reserve Fund pursuant to the terms of Section 7.3 of the Mezzanine A Loan Agreement, but Mezzanine A Administrative Agent waives such requirement, (ii) Mezzanine A Borrower is no longer required pursuant to the terms of the Mezzanine A Loan Agreement to maintain the Replacement Reserve Fund (other than as expressly contemplated under the terms of the Mezzanine A Loan Agreement) or (iii) the Mezzanine A Loan has been repaid in full, then (A) Administrative Agent shall have the right to require Borrower to establish and maintain a reserve account that would operate in the same manner as the Replacement Reserve Fund pursuant to Section 7.3 of the Mortgage Loan Agreement, and (B) the provisions of Section 7.3 of the Mortgage Loan Agreement and all related definitions shall be incorporated herein by reference.

  • Replacement of Lost Investments In the event of a loss of Investments for which the Custodian is responsible under the terms of this Agreement, the Custodian shall replace such Investment, or in the event that such replacement cannot be effected, the Custodian shall pay to the Fund the fair market value of such Investment based on the last available price as of the close of business in the relevant market on the date that a claim was first made to the Custodian with respect to such loss, or, if less, such other amount as shall be agreed by the parties as the date for settlement.

  • Interconnection Customer’s Interconnection Facilities The Interconnection Customer shall design, procure, construct, install, own and/or control the Interconnection Customer’s Interconnection Facilities described in Appendix A at its sole expense.

  • Replacement of the L/C Issuer The L/C Issuer may be replaced at any time by written agreement between the Borrower, the Administrative Agent, the replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement of the L/C Issuer. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced L/C Issuer pursuant to Section 2.03(m). From and after the effective date of any such replacement, (i) the successor L/C Issuer shall have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit to be issued by it thereafter and (ii) references herein to the term “L/C Issuer” shall be deemed to include such successor or any previous L/C Issuer, or such successor and all previous L/C Issuer, as the context shall require. After the replacement of the L/C Issuer hereunder, the replaced L/C Issuer shall remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.