Pipeline Inventory definition
Examples of Pipeline Inventory in a sentence
ASSIGNEE will pay ASSIGNOR for the Stock Tank Oil and Pipeline Inventory as an adjustment to the Purchase Price at Closing, as provided in Section 2.2.
SCHEDULE B BASELINE NET SALES/TIER 2 REVENUES/TERMINATION BASELINE SALES ($MILLION) Provided however, that for the purpose of calculating the amount of payment associated with an applicable Payment Termination Event (as described in Section 20.2.3 of the Agreement), the Termination Baseline Sales shall be defined as follows: * To include deemed sales pursuant to Schedule S (Pipeline Inventory Adjustment Formulas), if any.
The Lower and Upper Pipeline Inventory Limits in effect each day will be shown in the pipeline inventory report on the Pipe Ranger Web site.
PG&E may elect not to issue an OFO for a Gas Day if the forecast of pipeline inventory for the day following that Gas Day indicates the pipeline inventory will return to within the Pipeline Inventory Limits without the assistance of an OFO.
F -- Form of BILL OF SALE, cover▇▇▇ the Pipeline Equipment, the Pipeline Facilities and the Pipeline Inventory.
PG&E may revise these Pipeline Inventory Limits beyond those specified in the table in Section C.2.d above.
Under low system demand conditions, the potential is greater that forecast variations must be absorbed by the pipeline inventory; therefore, the Upper Pipeline Inventory Limit is set lower to allow for this greater variability without jeopardizing operations.
Under higher system demand conditions, forecast variations are often managed by supply or storage withdrawal adjustments, so the Upper Pipeline Inventory Limit can be set higher.
The Upper Pipeline Inventory Limit is set to allow for variations in supply or usage forecasts.
Buyer will pay Seller for the Stock Tank Oil and Pipeline Inventory as an adjustment to the Purchase Price, as provided in Section 2.2 and Section 2.