Storage User definition
Examples of Storage User in a sentence
Storage User undertakes to bear the risk of change in circumstances under Section 1765, para.
Parties to the Contract undertake in performing this Contract to also adhere to the provisions of the Code which are valid and effective as of the date the Contract was signed by Storage User, including the provisions of the Code altered later on by Storage Operator if such change is the result of the administrative procedure under Section 97a of the Energy Act.
The set-off of receivables by unilateral declaration by the Storage User is not permitted.
Storage User hereby declares it has become sufficiently familiar with the wording of the Code valid and effective as of the date the Contract was signed, and has the Code at its disposal.
Storage User who is also the final customer (within the meaning of Section 62 of the Energy Act) has the right to rescind this Contract in case of not meeting contractual duties on the side of Storage Operator, or in case of not agreeing with the Storage Operator-proposed change of the terms and conditions which are not incited by the change of generally binding legal regulations, or by the ruling of relevant state administration body.
The Storage User affirms to be acquainted with the contents of the version of the Storage Code in effect as of the signature date hereof.
Throughout the time the Contract is effective the Storage Operator undertakes to provide the Storage User within the Service the following storage capacities adjusted according to the injection curve and withdrawal curve which are bound to the amount of Storage User-stored gas (identified in Storage User’s account) and with the constraints stated in this Contract, Code and generally binding legal regulations.
By signing this Contract, the Storage User acknowledges that a security (if any) provided by the Storage User in accordance with Storage Code, extends to the obligation to pay interest on the outstanding mature debts where interest rate exceeds the statutory interest rate.
In the event the Contract is rescinded due to a disapproval of the Storage Operator- proposed alteration of the terms and conditions, this right to rescind will terminate unless respective Storage User has not rescinded the Contract within 90 days after the day it learned of draft change to the terms and conditions or could have learned thereof.
The Storage User takes into account, the co-mingle of the gas stored for the Storage User and such stored for other customers of the Storage Operator is the inevitable result of the parameters of storage services at the virtual storage point as provided under current energy regulation.