Examples of Gas Storage Agreement in a sentence
A Generation Entity may, but is not required to, submit in writing a proposed form of Firm Gas Storage Agreement or Firm Transportation Agreement (whether to be entered into by the Generation Entity or an Affiliate thereof) to ERCOT for review to be certified as an FFSS Qualified Contract in accordance with such policies and procedures as ERCOT may develop or require from time to time consistent with the requirements of the ERCOT Protocols.
The successful Applicant shall be bound by its Application until the Gas Storage Agreement is concluded.
Any provision of the Gas Storage Agreement shall be interpreted so as to be valid and effective pursuant to the applicable legal regulations.
The Application constitutes a binding proposal for the conclusion of a Gas Storage Agreement and the Applicant may not withdraw its Application once it has been submitted.
However, should it be unenforceable, invalid orineffective under the applicable legal regulations, the other provisions of the Gas Storage Agreement shall not be affected.
Flexible Storage Capacity means Storage Capacity (with specified technical parameters, Storage Period and Delivery Points) that entitles the Customer to inject gas into the Storage Facility and withdraw gas from the Storage Facility during the Storage Period at the Customer's discretion up to the maximum Injection Rate and the maximum Withdrawal Rate agreed in the Gas Storage Agreement (hereinafter referred to as the “Flexible Storage Capacity”).
By allocation of this service, neither the initial value of the maximum daily Injection Rate/Withdrawal Rate nor the shape of the Injection Curve/Withdrawal Curve depending on the Storage Account fullness percentage as defined in the Gas Storage Agreement shall change.
Supplementary Services can only be provided in relation to a valid Gas Storage Agreement and for a price in accordance with the Gas Storage Agreement and/or the Price List.
If the additional Working Volume has been agreed for a period shorter than the term of the Gas Storage Agreement, then after the expiry of that period the Customer may only use the originally agreed Working Volume as specified in the Gas Storage Agreement and the right to use the additional Working Volume allocated pursuant to this point shall cease.
The SSO and the Customer may agree, depending on the technical possibilities of the SSO, that for one Gas Storage Agreement the SSO will maintain multiple Storage Accounts for the Customer, in which case there is only a procedural demerger of the records, not a demerger of the Gas Storage Agreements themselves (Operational demerger).