Firm Basis definition

Firm Basis shall also incorporate the concept of “no notice service” which means the delivery and redelivery of Natural gas on an instantaneous or as-soon-as-reasonable basis without the need to provide any minimum amount of advance notice or to specify the quantity of gas to be delivered and redelivered.

Firm Basis means that injections and withdrawals of Working Gas into or out of the Storage Facility during the term of the applicable Confirmation shall not be subject to interruption, curtailment or suspension by Operator for any reason, except as may be excused in accordance with the declaration of a Force Majeure event (as herein defined), and that Operator is obligated to inject, store and withdraw the quantity of Gas nominated by Owner for injection or withdrawal by Operator at the applicable Receipt Point(s) or Delivery Point(s).

Firm Basis means 100% utilization by Company of Contractor’s services and/or equipment, or any lesser amount as may be mutually agreed by the Parties.

Examples of Firm Basis in a sentence

• In the presence of: Date: [GV_NAME_LINE] By: Block Capitals: Position Held: In the presence of: Block Capitals: Date: For wind based generation applicants only: This Agreement is for Physical Access to the Distribution System on a Firm Basis.

• If Firm Basis Customers holding an aggregate Firm Basis Maximum Storage Quantity of at least 70% of the total of all Storage Facility Maximum Storage Quantities support or are deemed to support the Proposal, then this Agreement and all related arrangements and services shall be deemed to be amended or varied in accordance with the Proposal.

• The scope of the Transmission Agreement (hereinafter “the Agreement”) includes the provision by the Operator to the Transmission User of Transmission Services on a Firm Basis, Transmission Services on an Interruptible Basis as well as the services specified in Chapters [2], [2A], [2B] and [3] of the Network Code.

• Specifically, the services provided by the Operator concern Natural Gas Transmission Services on a Firm Basis, Transmission Services on an Interruptible Basis, Services for Accessing the Virtual Trading Point, as well as the rest of the services according to the specific provisions of the Network Code.

• Additional Transmission Capacity for Reception is defined as the Transmission Capacity which is provided by the Operator on a Firm Basis for booking by the Users, in addition to the Transmission Capacity for Reception at an NNGS Entry Point/Reverse Flow Exit Point, other than the LNG Entry Point.

More Definitions of Firm Basis

Firm Basis means the highest level of Gathering and Processing services then offered by Processor on Processor’s Pipeline System or at the Plant where Processor may interrupt its performance without liability only to the extent such performance is prevented by reasons of Force Majeure or any other agreed upon event.

Firm Basis means that injections and withdrawals of Product into or out of the Storage Xxxxx during the term of this Agreement shall not be subject to interruption, curtailment or suspension by Seller for any reason other than Force Majeure and as otherwise provided in this Agreement.

Firm Basis means a service-level basis that is firm, committed, or dedicated (as applicable), that is in precedence to or higher in priority than the same service for any customer with “As-Available Basis” and/or “Priority As-Available Basis” arrangements for such service, and is further subject to (i) a confirmed nomination, (ii) the terms and conditions of the Agreement, and (iii) the operational limits of the Terminal prevailing at the time.

Firm Basis means the parties shall not be relieved of their obligations under this Agreement except to the extent permitted by Interruption or a valid condition of Force Majeure;

Firm Basis means the provision of the relevant Pipeline Service up to the relevant Firm Forward Haul Service MDQ without interruption or curtailment except for reasons of Force Majeure affecting Service Provider and Maintenance Operations. Firm Forward Haul Service means a forward haul Pipeline Service provided on a Firm Basis. For clarity, the BassGas Joint Venture Parties are provided with a Firm Forward Haul Service in respect of the entire forward haul Capacity of the Pipeline.

Firm Basis means the storage service that has the highest priority of storage service offered by Moss Bluff pursuant to a Firm Storage Service Contract or a No-Notice Storage Service Contract.

Firm Basis and “Firm Transportation Service” means that, with respect to any Transportation Service, Shipper shall deliver such Gas to Transporter and Transporter shall receive at the Receipt Point and transport an Equivalent Quantity to the Delivery Point without interruption, suspension or curtailment, in quantities up to the MDQ, except as provided under the Terms and Conditions.