Firm Basis definition

Firm Basis shall also incorporate the concept of “no notice service” which means the delivery and redelivery of Natural gas on an instantaneous or as-soon-as-reasonable basis without the need to provide any minimum amount of advance notice or to specify the quantity of gas to be delivered and redelivered.
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Firm Basis means the highest level of Gathering and Processing services then offered by Processor on Processor’s Pipeline System or at the Plant where Processor may interrupt its performance without liability only to the extent such performance is prevented by reasons of Force Majeure or any other agreed upon event.
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Firm Basis means that injections and withdrawals of Working Gas into or out of the Storage Facility during the term of the applicable Confirmation shall not be subject to interruption, curtailment or suspension by Operator for any reason, except as may be excused in accordance with the declaration of a Force Majeure event (as herein defined), and that Operator is obligated to inject, store and withdraw the quantity of Gas nominated by Owner for injection or withdrawal by Operator at the applicable Receipt Point(s) or Delivery Point(s).
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Examples of Firm Basis in a sentence

  • This transportation service shall be on a Firm Basis and shall pertain to transportation between the Point(s) of Receipt and the Point(s) of Delivery.

  • Specifically, the services provided by the Operator concern Natural Gas Transmission Services on a Firm Basis, Transmission Services on an Interruptible Basis, Services for Accessing the Virtual Trading Point, as well as the rest of the services according to the specific provisions of the Network Code.

  • During any period that Operator is conducting Scheduled Maintenance, the MDIQ, MDWQ, and (if necessary) the MSQ of all Firm Basis storage customers shall be adjusted downward and/or suspended to the extent reasonably necessary.

  • Within ten (10) days following receipt of such notice, Company may elect by notice to Contractor to have Contractor provide such Work to or for the benefit of Company, on a Firm Basis.

  • If Firm Basis Customers holding an aggregate Firm Basis Maximum Storage Quantity of at least 70% of the total of all Storage Facility Maximum Storage Quantities support or are deemed to support the Proposal, then this Agreement and all related arrangements and services shall be deemed to be amended or varied in accordance with the Proposal.


More Definitions of Firm Basis

Firm Basis means 100% utilization by Company of Contractor’s services and/or equipment, or any lesser amount as may be mutually agreed by the Parties.
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Firm Basis means that injections and withdrawals of Product into or out of the Storage Wel▇▇ ▇▇ring the term of this Agreement shall not be subject to interruption, curtailment or suspension by Seller for any reason other than Force Majeure and as otherwise provided in this Agreement.
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Firm Basis means the obligation of Seller to deliver and Buyer to receive Gas within the MDFQ at the Delivery Point(s), as Scheduled by Buyer or Fuel Manager, without interruption for any reason, except to the extent permitted hereunder.
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Firm Basis and “Firm Transportation Service” means that, with respect to any Transportation Service, Shipper shall deliver such Gas to Transporter and Transporter shall receive at the Receipt Point and transport an Equivalent Quantity to the Delivery Point without interruption, suspension or curtailment, in quantities up to the MDQ, except as provided under the Terms and Conditions.
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Firm Basis means the highest level of Gathering and Processing services then offered by Processor on Processor’s Pipeline System or at the Plant where
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Firm Basis means the parties shall not be relieved of their obligations under this Agreement except to the extent permitted by Interruption or a valid condition of Force Majeure;
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Firm Basis means the storage service that has the highest priority of storage service offered by Moss Bluff.
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