Storage Period definition
Examples of Storage Period in a sentence
Seasonal 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 up to the maximum Injection Rate agreed in the Gas Storage Agreement only during the Injection Period and to withdraw Gas from the Storage Facility up to the maximum Withdrawal Rate agreed in the Gas Storage Agreement only during the Withdrawal Period.
Inverse storage is a service by which the Customer is allocated Storage Capacity together with Gas and the Customer is obliged to return the same amount of Gas by the end of the Storage Period, unless agreed otherwise.
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.
The contractual penalty shall be equal to the outstanding remuneration that would have been payable by the Customer to the SSO for the remainder of the Storage Period for the Storage Capacities booked by the Customer under the terminated Gas Storage Agreement.
Subject to payment of the Rental Fee, the Site Operator accepts temporary custody of the Vehicle for the Storage Period.