Common use of Role of the Operator Clause in Contracts

Role of the Operator. The Shipper shall appoint the Operator as its agent for the sole purposes of: o keeping its Inventory Level up to date; o calculating the Negative Inventory Guarantee as set out in Article 29.2 and the amounts called up to cover Negative Inventory as set out in Article 27.2.3; o retaining guarantee deposits or receiving a first demand guarantee and guaranteeing the validity of Negative Inventory Guarantees established pursuant to this Article; o implementing these Negative Inventory Guarantees or sending injunctions to pay in the situations detailed in Article 27.2; o sharing the sums collected between the Shippers under the conditions set out in Article 27.2. This mandate is a common interest mandate and cannot be revoked by the Shipper without the Operator's consent. Under no circumstances shall the Operator be required to procure or sell Natural Gas, use transmission or storage services or personally pay any sums to the Shipper under Article 27. The Operator's liability shall in any case be limited to the amounts stated in the General Terms and Conditions. The Shipper shall waive, and shall vouch for the waiver of its insurers, the right to any recourse against the Operator if payments have been made by the latter in accordance with the provisions of Article 27.2. By way of exception to Article 16 and solely for the purposes of applying Article 27, the Shipper shall expressly authorise the Operator to pass on to the other shippers any information provided as per Article 27.2.3.