Common use of Hourly Overrun Clause in Contracts

Hourly Overrun. (a) When the Hourly quantity of Gas received at the Inlet Point is greater than the User's MHQ, and/or the Hourly quantity of Gas delivered at the Outlet Point(s) is greater than the User's MHQ, the Hourly Overrun Quantity for a particular Hour means that quantity of Gas which is calculated as follows: HOQ = HG - MHQ (b) If at the end of any Hour the Hourly quantity of Gas received at the Inlet Point is more than the User's MHQ and/or the Hourly quantity of Gas delivered at the Outlet Point(s) is more than the User's MHQ, GGT may at its discretion require the User to pay to an Hourly Overrun Charge. (c) The User shall use all reasonable efforts to ensure that the Hourly quantity of Gas received and/or delivered is not more than the User's MHQ.

Appears in 1 contract

Sources: General Terms and Conditions

Hourly Overrun. (a) When the Hourly quantity of Gas received at the Inlet Point is greater than the User's MHQMHQ (which shall where relevant include the SQOHQ), and/or the Hourly quantity of Gas delivered at the Outlet Point(s) is greater than the User's MHQMHQ (which shall where relevant include the SQOHQ), the Hourly Overrun Quantity for a particular Hour means that quantity of Gas which is calculated as follows: HOQ = HG - MHQ– [MHQ + SQOHQ] SQOHQ is the Supplementary Quantity Option Quantity divided by 24 and multiplied by 1.2 in TJs (b) If at the end of any Hour the Hourly quantity of Gas received at the Inlet Point is more than the User's MHQ and/or the Hourly quantity of Gas delivered at the Outlet Point(s) is more than the User's MHQ, GGT may at its discretion require the User to pay to an Hourly Overrun Charge. (c) The User shall use all reasonable efforts to ensure that the Hourly quantity of Gas received and/or delivered is not more than the User's MHQ.

Appears in 1 contract

Sources: General Terms and Conditions