Storage Account definition

Storage Account means, for accounting purposes, the account maintained by Transporter into which Shipper nominates Gas for injection or withdrawal under a Service Agreement for Storage Service. The Storage Account may not have a negative balance.

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Storage Account means, for accounting purposes, the account maintained by Owner into which Customer nominates Gas for injection or from which Customer nominates Gas for withdrawal under a Service Agreement. The Storage Account may not have a negative balance.

Storage Account means a Storage Account as defined in the Technical Conditions.

Examples of Storage Account in a sentence

• The amount of Gas that has been transferred from the Storage Account pursuant to the service of Transfer of Gas in the Storage Facility shall also be debited from this Storage Account.

• In case the SSO has more than one Gas Storage Agreement with the Customer, the Parties may agree, depending in particular on the technical possibilities of the SSO, that the Gas will be registered in a joint Storage Account for several Gas Storage Agreements.

• The amount of Gas allocated to a given Customer at the Delivery Point is debited from the Storage Account of the respective Customer when Gas is withdrawn from the Storage Facility.

• Under the Transfer of Gas in the Storage Facility service, the Customer may transfer Gas in the Storage Facility from one Storage Account to another Storage Account, in accordance with conditions published on the Website.

• The injected Gas quantities shall be credited by the SSO to the Customer’s Storage Account associated with the Gas Storage Agreement under which the injection was requested.

More Definitions of Storage Account

Storage Account means the account kept by the SSO for each Customer and generally for each Gas Storage Agreement separately, unless agreed otherwise, which contains and shows the Customer’s current Gas stock levels, allocated Working Volume to the Customer and the associated maximum Injection Rate and maximum Withdrawal Rate at the beginning of the next Gas Day;

Storage Account means the record maintained by the Company to account for the net quantity of gas maintained in storage by the Company on behalf of the Customer in accordance with this Agreement.

Storage Account means, for accounting purposes, the account maintained by Transporter into which, or from which, Shipper nominates Gas under a Service Agreement for Storage Service, Firm Park and Loan Service, Interruptible Balancing Service, HBS-F Service, or HBS-I Service. The Storage Account may not have a negative balance, except for Gas Loaned in accordance with Shipper’s Firm Park and Loan Service Agreement, Interruptible Balancing Service Agreement, HBS-F Service Agreement, or HBS-I Service Agreement.

Storage Account means the gas balance held by Enbridge for Shipper and shall equal the quantity of gas received by Enbridge for Shipper’s account minus the quantity of gas delivered to Shipper by Enbridge. Where the Storage Account is zero or a positive number, Enbridge is deemed to be providing a Storage Service, as defined in the Contract, for Shipper;

Storage Account means a separate account maintained by the SSO for each Customer and each Gas Storage Agreement, where the current gas quantity stored in the Storage Facility for the respective Customer is recorded;

Storage Account means, for accounting purposes, the account maintained by Transporter into which Shipper nominates Gas for injection and from which Shipper nominates Gas for withdrawal under a Service Agreement for Storage service. The Storage Account may not have a negative balance.

Storage Account means the account kept by the SSO for each Customer and generally for each Gas Storage Agreement separately, unless agreed otherwise, which contains and shows the Customer's current gas stock levels, allocated Working Volume to the Customer and the associated maximum Injection Rate and maximum Withdrawal Rate at the beginning of the next Gas Day;