Storage Gas definition
Examples of Storage Gas in a sentence
For purposes other than calculating the initial decline in Customer's Daily Entitlement, Customer's Storage Gas Balance shall remain equal to Customer's actual inventory in storage.
For the sole purpose of calculating Customer's Storage Gas Balance to determine the initial decline in Customer's Daily Entitlement, Pipeline shall multiply Customer's actual Storage Gas Balance by a factor of 1.176.
If Seller implements the Storage Gas Alternative, the price of that sales Gas shall include the costs associated with the injection and withdrawal of the sales Gas from storage.
For the avoidance of doubt, Seller, in its sole discretion, may choose to inject Gas in Seller’s Gas storage facility, up to the Receipt Shortfall Volume (“Storage Gas Alternative”), and in such circumstance Seller shall attempt to sell the Gas representing such Storage Gas Alternative via Cover.
VGSC, at its sole discretion, may allow withdrawals at rates higher than the MDWQ on a best efforts, interruptible basis if such withdrawals can be made without adverse effect upon withdrawals of other Customers or to VGSC's operations and such gas is available from RGC's Storage Gas Balance.
The payment and security arrangements with respect to supplies of natural gas that are obtained from ▇▇▇▇▇▇▇ Energy ("Storage Gas") are as follows: Payments for such supplies are funded by Community Bank without recourse to KeySpan; title for the supplies shall transfer from ▇▇▇▇▇▇▇ Energy to KeySpan.
Keyspan makes no representation or warranty regarding the validity, priority or enforceability of the Storage Gas Purchase Money Security Interest being transferred to Community Bank.
Initial Storage Gas will be deemed Storage Gas for all purposes of this Agreement.
Party B may request that Party A satisfy an intra-day Gas requirement without delivering Storage Gas, but Party A makes no guaranty that it can fulfill any such request and Party A shall have no liability if it fails to deliver such Gas under such circumstances.
Financing Fees shall accrue on each Outstanding Amount from and excluding the Settlement Date or other date on which such Outstanding Amount was originally due for payment and through and including the date such amount is paid; provided, however, that, with respect to the amounts due for Storage Gas, Financing Fees shall accrue in accordance with Part 9(b).