Storage Rights Clause Examples

Storage Rights. Transportation services under this Agreement include Grantee’s access to a storage quantity equal to Grantee’s Storage Capacity, which will be utilized by Grantee for balancing when Grantee’s delivered volumes from the Receipt Point(s) do not match the consumption of Grantee’s Customers at the Delivery Points. (a) During the months of September and October, net injections into storage will be limited to no more than 14.3% of Grantee’s Storage Capacity unless otherwise mutually agreed to by the parties. If net injections during the September and October period exceed the 14.3% tolerance level, Grantee will accept the Excess Quantity Charge, as provided in Section 6, for volumes in excess of 14.3%. (b) If the volume of gas held by Grantor in storage for Grantee’s account exceeds the Storage Capacity limits, Grantor shall treat the excess volumes as Excess Quantities. Grantor shall purchase the Excess Quantities from Grantee by paying Grantee the Excess Quantity Charge for all such volumes. (c) During the months of November through March, net withdrawals from Grantee’s storage account will be limited each month to 40% of Grantee’s Storage Capacity. (d) If (x) Grantee allows the storage balance to go below zero, or (y) during the months of November through March, net withdrawals exceed 40% of Grantee’s Storage Capacity, then Grantee will be deemed to have purchased gas from Grantor and Grantee will pay Grantor the Deficient Quantity Charge for any volumes delivered from storage on behalf of Grantee when its storage balance is below zero.

Storage Rights. The licensor does not agree any other storage rights than those listed in the article 3.

Storage Rights. 54 12.2 Adjustment; Allocated Storage Space................................................55 12.3 Surrender; Additional Storage Space................................................55 12.4

Storage Rights. City hereby sells, and Valley District hereby purchases, all rights to the use of the upper 2.3 million gallons of usable storage capacity in the existing Texas Grove Reservoir, for the life of the reservoir, which capacity is understood by the Parties to be at, or above, elevation 1338.9 feet MSL NGVD. City shall retain all storage rights to the use of that portion of the Texas Grove Reservoir below elevation 1338.9

Storage Rights. Pursuant to a lease ("PI Lease") entered into with Seller for the Adjoining Property, the Hearst Corporation dba Seattle Post-Intelligencer ("Seattle PI") has the right to use approximately 1,000 square feet of storage space in the Property. Seller shall use reasonable efforts to amend the PI Lease by June 30, 2004 to either (1) move this tenant from the Property or (2) execute a separate license agreement for the space under commercially reasonable terms through April 30,2006, the expiration date of the PI Lease, except that Purchaser will be paid only $1 of rent as consideration..

Storage Rights. At the Xxxxxx Farm Closing, or such earlier date as agreed upon by the Parties, LGE shall, as may be appropriate under the circumstances and as may be mutually agreed upon by LGE and TOF, either: (i) assign and convey to TOF the LGE Storage Right Application/Decree pursuant to the terms of an Assignment and Assumption Agreement (Colorado Water Court Case Rights) substantially in the form attached hereto as Exhibit H (the “LGE Storage Rights Assignment”) and, upon request of TOF, by execution of a bargain and sale deed to TOF with respect thereto if the storage decree has been previously entered by the water court; or (ii) amend the filed application to include TOF as an applicant or to substitute TOF for LGE as the applicant; or (iii) dismiss the application so as to permit TOF to file TOF’s own separate application with respect thereto.