Gas Supply Service. [Issuer]acknowledges and agrees that Gas Purchaser has a need to acquire Gas supplies to provide service to retail Gas consumers within its areas of service on a long-term basis, or to other municipal Gas systems or joint action agencies for the ultimate provision of service to retail Gas consumers within their areas of service, and that a significant portion of such Gas supplies must be priced with reference to deregulated market prices in order to enable Gas Purchaser to ensure that it may provide sales service at competitive prices. [Issuer] understands that Gas Purchaser has asserted that its long-term viability as a Gas distribution system providing an essential public service depends in part upon its ability to receive secure and reliable supplies of Gas on a long-term basis in pre-determined quantities that are priced with reference to deregulated market prices in the form and structure of the Contract Price, and that Gas Purchaser has further asserted that such Contract Price must be at the lowest reasonable level consistent with the maintenance of secure and reliable service. Gas Purchaser has requested [Issuer] to provide deliveries of Gas to it consistent with these objectives, and Gas Purchaser understands and acknowledges that [Issuer]has undertaken the Project in part to meet Gas Purchaser’s request and satisfy Gas Purchaser’s asserted objectives and that the Project does so. Accordingly, for each Gas Day of each Delivery Month during the Delivery Period, [Issuer] shall tender for delivery to Gas Purchaser at the Delivery Point on a Firm basis, and Gas Purchaser shall purchase and receive from [Issuer]at the Delivery Point on a Firm basis, the applicable Daily Contract Quantity of Gas for such Delivery Month set forth in Exhibit B.
Gas Supply Service. MMGA acknowledges and agrees that Gas Purchaser has a need to acquire Gas supplies to provide service to its member municipal Gas systems or joint action agencies for the ultimate provision of service to retail Gas consumers within their areas of service, and that a significant portion of such Gas supplies must be priced with reference to deregulated market prices in order to enable Gas Purchaser to ensure that it may provide sales service at competitive prices. MMGA understands that Gas Purchaser has asserted that its long-term viability as a joint action agency consisting of members that own Gas distribution systems providing an essential public service depends in part upon its ability to receive secure and reliable supplies of Gas on a long- term basis in pre-determined quantities that are priced with reference to deregulated market prices in the form and structure of the Contract Price, and that Gas Purchaser has further asserted that such Contract Price must be at the lowest reasonable level consistent with the maintenance of secure and reliable service. Gas Purchaser has requested MMGA to provide deliveries of Gas to it consistent with these objectives, and Gas Purchaser understands and acknowledges that MMGA has undertaken the Project in part to meet Gas Purchaser’s request and satisfy Gas Purchaser’s asserted objectives and that the Project does so. Accordingly, for each Gas Day of each Delivery Month during the Delivery Period, MMGA shall tender for delivery to Gas Purchaser at the Delivery Point on a Firm basis, and Gas Purchaser shall purchase and receive from MMGA at the Delivery Point on a Firm basis, the applicable Daily Contract Quantity of Gas for such Delivery Month set forth in Exhibit B.
