Receipt Point(s) definition
Examples of Receipt Point(s) in a sentence
Notwithstanding anything set forth in this Agreement or the Transaction Confirmation to the contrary, Customer assumes all risks related to, but not limited to, (i) an event of Force Majeure under a Gas Supply Contract; (ii) the failure of a Customer’s gas supplier to deliver Gas to Asset Manager or Prepaid Gas to Customer; and/or (iii) Customer’s failure to timely nominate or to deliver Gas to Asset Manager at the Receipt Point(s).
To the extent that Gas is not tendered for delivery by a Customer’s gas supplier or Customer to Asset Manager at the Receipt Point(s), the MDQ under the AMA Confirmation shall be reduced to reflect athe quantity of Gas not delivered by to Asset Manager.
For purposes of clarity, Asset Manager shall have no liability of any nature to Customer by reason of any failure by a Customer’s gas supplier to deliver Gas at the Receipt Point(s) to Customer or Asset Manager, or Customer’s failure to deliver the Gas to Asset Manager, including but not limited to any and all costs, damages, penalties and/or Imbalance Charges.
On each Day in which the Prepaid Gas is intended to be transported, Customer shall take commercially reasonable actions to deliver or cause to be delivered (and transfer title to such Prepaid Gas) to Asset Manager at the applicable Receipt Point(s) a quantity of Prepaid Gas in the aggregate equivalent to the timely instructions provided to Asset Manager.
The primary Receipt Point(s) and Delivery Point(s) for the Transportation Capacity shall be as set forth in Exhibit A.