Control and Possession of Gas Sample Clauses

The 'Control and possession of Gas' clause defines which party has legal ownership and physical control over natural gas at various points during its transportation or sale. Typically, this clause specifies the exact location or event at which control and risk of loss transfer from the seller to the buyer, such as at a delivery point, pipeline interconnection, or metering station. By clearly delineating when and where possession changes hands, the clause ensures both parties understand their responsibilities and liabilities, thereby reducing disputes and clarifying risk allocation throughout the transaction.
Control and Possession of Gas. (a) <User> will have control and possession of Gas: (i) prior to its delivery into the AGA GDS at a Receipt Point; and (ii) after its delivery out of the AGA GDS at a Delivery Point. (b) <Service Provider> will have control and possession of Gas: (i) following its delivery into the AGA GDS at a Receipt Point; and (ii) prior to its delivery out of the AGA GDS at a Delivery Point.
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Control and Possession of Gas. As between Plant Supplier and Processor, Plant Supplier shall be deemed in control and possession of the gas delivered for processing hereunder and responsible for any damage or injury caused thereby until such gas shall have been delivered at the Point of Delivery. As between Plant Supplier and Processor, Processor shall be deemed in control and possession of the gas delivered for processing hereunder and responsible for any damage or injury caused thereby until such gas shall have been delivered to Plant Supplier or its designee at the Point of Redelivery.
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Control and Possession of Gas. For the purpose of determining the liability of ELC and Customer, respectively, Customer shall be deemed to be in exclusive control and possession of any Gas until actually received by ELC into the ELC Liquefaction Facilities at the Twin 30s Interconnection, and after the Gas has been delivered to the account of Customer by ELC at the SLNG Delivery Point. ELC shall be deemed to be in exclusive control and possession of any Gas only while it is in the ELC Liquefaction Facilities.
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Control and Possession of Gas. Without limiting clause 16.4, the control and possession of gas delivered in accordance with this Agreement shall pass from the Retailer to the Distributor at the Gas Gate and will be held by the Distributor until gas is delivered at Points of Connection (for ICPs supplied by the Retailer) at which time the control and possession will revert to the Retailer. Risk in gas: Except as expressly provided in this Agreement, risk in gas transported on the Network under this Agreement remains at all times with the Retailer.
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Control and Possession of Gas. (a) <Counterparty> will have control and possession of Gas: (i) prior to its delivery into the ATCO GDS at a Receipt Point; and (ii) after its delivery out of the ATCO GDS at a Delivery Point. (b) <Service Provider> will have control and possession of Gas: (i) following its delivery into the ATCO GDS at a Receipt Point; and (ii) prior to its delivery out of the ATCO GDS at a Delivery Point.
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Related to Control and Possession of Gas

  • Quiet Possession Upon Tenant paying the rent reserved hereunder and observing and performing all of the covenants, conditions and provisions on Tenant's part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof, subject to all the provisions of this Lease.

  • TERM; POSSESSION The Term shall commence on the Commencement Date and ---------------- shall expire, if not sooner terminated pursuant to the provisions of this Lease, on the Expiration Date. On the Commencement Date, the Premises and Equipment Space are accepted by Tenant in "as is" condition and configuration (subject to the completion of the Landlord Work). By taking possession of the Premises and Equipment Space, Tenant agrees that the Premises and Equipment Space are in good order and satisfactory condition, and that there are no representations or warranties by Landlord regarding the condition of the Premises, Equipment Space or the Building except as may be expressly set forth herein. If Landlord is delayed in delivering possession of the Premises and Equipment Space or any other space, Landlord shall use reasonable efforts to obtain possession of the space, but no such delay shall nullify this Lease or give rise to any claim for damages on the part of Tenant. If Tenant takes possession of the Premises or Equipment Space before the Commencement Date, such possession shall be subject to the terms and conditions of this Lease except that, prior to the Rent Commencement Date, Tenant will not be required to pay Rent hereunder. Notwithstanding the foregoing, if the Commencement Date does not occur by the date that is one hundred fifty (150) days following the mutual execution and delivery of this Lease (the "Outside Delivery Date"), Tenant, as its sole remedy, may terminate this Lease by giving Landlord written notice of termination after the Outside Delivery Date. In such event, and subject to the provisions set forth below in this Article 3, this Lease shall be deemed null and void and of no further force and effect and Landlord shall promptly refund any prepaid Rent and Security Deposit previously advanced by Tenant under this Lease and the parties hereto shall have no further responsibilities or obligations to each other with respect to this Lease. Landlord and Tenant acknowledge and agree that the Outside Delivery Date shall be postponed by the number of days the Commencement Date is delayed due to events of Force Majeure (as defined herein). Notwithstanding the foregoing to the contrary, if Tenant exercises its right to terminate this Lease as set forth above but Landlord delivers the Premises to Tenant in the condition required by this Lease within thirty (30) days after the date of Tenant's delivery of Tenant's termination notice, this Lease shall continue in full force and effect the same as if Tenant had not delivered its termination notice, and Tenant's termination notice will be null and void. Tenant's right to terminate as described herein shall be null and void as of the Commencement Date.

  • Term and Possession (a) Subject to and upon the terms and conditions set forth herein, the Term of this Lease shall be for the period specified in the Basic Lease Information. The Term shall commence on the earlier of (i) the date that the Premises is delivered to Tenant free and clear of any third-party occupancy and (ii) the date that Tenant first commences normal business operation from the Premises (the “Commencement Date”). In the event of the inability of Landlord to deliver possession of the Premises for any reason whatsoever, including, without limitation, the vacating of the Premises by the prior tenant of the Premises, neither Landlord nor its agents shall be liable for any damage caused thereby, nor shall this Lease thereby become void or voidable, however, in such event Tenant shall not be liable for any rent until the actual occurrence of the Commencement Date. Notwithstanding the foregoing to the contrary, if, for any reason, Landlord has not delivered possession of the Premises to Tenant as described in clause (i) above as of January 1, 2020, Tenant, as Tenant’s sole remedy, will have the right to terminate this Lease by written notice delivered to Landlord at any time prior to Landlord’s delivery of possession of the Premises to Tenant; provided, however, that such January 1, 2020 date shall be extended so long as Landlord is using its good faith and diligent efforts to deliver possession of the Premises to Tenant (by unlawful detainer or otherwise). Within thirty (30) days after the Commencement Date, Landlord and Tenant shall execute an amendment to this Lease (“First Amendment to Lease and Acknowledgment”) setting forth the Commencement Date and the expiration date of the term of the Lease, which shall be in the form attached hereto as Exhibit B. (b) Tenant shall have the one-time option to terminate and cancel the Lease effective on the last day of the eighty-fifth (85th) month after the Commencement Date (the “Termination Date”), which right is contingent upon Tenant paying to Landlord the “Termination Consideration” (as defined below) concurrent with Tenant’s delivery of the Termination Notice (as defined below). To exercise such termination option, Tenant must deliver to Landlord on or before January 1, 2025, irrevocable written notice of Tenant’s exercise of such option (the “Termination Notice”) and the amount of the Termination Consideration. As used herein, the “Termination Consideration” shall mean the amount equal to Two Million and No/100ths Dollars ($2,000,000.00). Failure by Tenant to timely pay the Termination Consideration shall terminate Tenant’s option to terminate this Lease. If Tenant properly and timely exercises the termination option in this Section 4(b), this Lease shall expire at midnight on the Termination Date and Tenant shall be required to surrender the Premises to Landlord on or prior to such Termination Date in accordance with the applicable provisions of this Lease. The option to terminate set forth in this Section 4(b) is personal to the original Tenant executing this Lease and may not be assigned, voluntarily or involuntarily, separate from or as part of this Lease. At Landlord’s option, all rights of Tenant under this Section 4(b) shall terminate and be of no force or effect if any of the following individual events occur or any combination thereof occur: (1) Tenant has been in default beyond any notice and cure period on more than one (1) occasion during any consecutive twelve (12) month period during the initial Term of the Lease, or is in default of any provision of this Lease on the date Landlord receives the Termination Notice; and/or (2) Tenant has assigned its rights and obligations under all or part of this Lease; and/or (3) Tenant has failed to exercise the early termination option set forth in this Section 4(b) in a timely manner and in strict accordance with the provisions of this Section 4(b).

  • Possession and Control The Grantor has exclusive possession and control of its Equipment and Inventory.

  • Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions.