Injection and Withdrawal Clause Samples

Injection and Withdrawal. 5.1 Subject to the terms of this Agreement, with particular reference to the procedures set out in the Operating Guidelines, in any given Hour, at the TTF: 5.1.1 GSB shall Schedule and accept, or cause to be accepted through a duly appointed third party, and the Customer shall Schedule and deliver, or cause to be delivered through a duly appointed third party, a quantity of Gas equal to the Customer’s Injection Contract Quantity, and at the end of such Hour GSB shall add such quantity to the Customer’s Gas-in-Storage; 5.1.2 GSB shall Schedule and deliver, or cause to be delivered through a duly appointed third party, and the Customer shall Schedule and accept, or cause to be accepted through a duly appointed third party, a quantity of Gas equal to the Customer’s Withdrawal Contract Quantity, and at the end of such Hour GSB shall deduct such quantity from the Customer’s Gas-in-Storage; and 5.1.3 if the quantity of Gas that is so accepted and delivered at the TTF does not equal the Contract Quantity, the difference shall be settled in accordance with Article 15.1. 5.2 In Scheduling their corresponding delivery and acceptance obligations under Article 5.1, GSB and the Customer shall cooperate to ensure that: 5.2.1 GSB and the Customer shall effect nominations to the TSO in accordance with the Dutch Network Code and the Operating Guidelines; 5.2.2 each Customer delivery under Article 5.1.1 shall equal a corresponding GSB acceptance under Article 5.1.1; 5.2.3 each GSB delivery under Article 5.1.2 shall equal a corresponding Customer acceptance under Article 5.1.2; 5.2.4 all applicable TSO procedures are followed and satisfied; and 5.2.5 all Scheduling, including in particular nominations and other notifications to the TSO, are completed in a timely manner. 5.3 Acceptance and delivery of Gas at the TTF under Articles 5.1.1 and 5.1.2 are subject to the procedure set out in the Operating Guidelines. 5.4 The Customer and GSB shall each at their own cost obtain and/or maintain all licences and comply with all regulations and agreements required of each of them by which they can Schedule, accept and deliver quantities of Gas at the TTF in order to fulfil their respective obligations under this Agreement.
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Injection and Withdrawal gas quality (1) The system user shall be obliged to deliver at the entry point only natural gas complying with the specifications in annex 2 Gas Market Model Ordinance 2012. The transmission system operator and the system user shall be obliged to inform the other party immediately if it is found that the quality specifications in annex 2 Gas Market Model Ordinance 2012 are not met (referred to hereafter as “off-spec gas”). (2) The transmission system operator shall be entitled to refuse acceptance of off-spec gas at the entry point. The natural gas delivered by the system user shall not be considered delivered in such a case. It shall remain within the sole discretion of the transmission system operator whether to transport any off-spec gas. The system user shall be liable to the transmission system operator under section XXII for costs incurred by the transmission system operator in connection with the cleaning and overhauling of the transmission system and the recovery of full operational performance, and shall indemnify and hold harmless the transmission system operator – including towards third parties – on whatever legal grounds. (3) The system user shall be entitled to refuse acceptance of off-spec gas at the exit point, provided that the system user did not deliver the off-spec gas at the entry point and the transmission system operator did not refuse transportation. If the system user refuses to accept any off-spec gas, the natural gas delivered by the transmission system operator shall not be considered delivered. (4) The system user acknowledges that the natural gas delivered by it at the entry point may be mixed with gas delivered by other system users and that the gas received at the exit point may in some cases not be identical with that delivered at the entry point. Provided that the natural gas delivered by the system user at the entry point complies with the specifications in annex 2 Gas Market Model Ordinance 2012, the transmission system operator shall be obliged to deliver at the exit point only natural gas complying with the specifications defined in annex 2 Gas Market Model Ordinance 2012.
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Injection and Withdrawal. Unless otherwise agreed between the parties, during the months of May through September of any calendar year, Consumers will have the right to inject natural gas and during the months of November through March of any period during which this contract is in force, Consumers shall have the right to withdraw natural gas. ITEM 7 - Cushion Gas Egyptian retains the right to determine the volumes of Cushion Gas required for Consumers and any other gas storage customer utilizing this facility. As this provision will apply to Consumers and based upon the volume of storage specified in paragraph 1 above, it is to be understood that Consumers shall provide Cushion Gas in the amount of 50,000 DTHS. Cushion gas may be withdrawn for emergency purposes only up to the amount of 50% of the Cushion Gas Provided. In the event of withdrawal of Cushion Gas in any amount, it is understood that Consumers shall replace the gas during the following injection period. ITEM 8 - Measurements All measurement of volumes of natural gas as injected or withdrawn shall be made on Egyptian's and/or Texas Eastern's meters installed at the interconnection between the point or points of delivery to Egyptian, the same to be described accurately in the contract to be signed by the parties hereto. In the connection, it is agreed that Consumers shall have the right, at its expense, to add its own check meter at the point of delivery and to keep and maintain the same for its own uses and purposes. Consumers shall have full right of inspections of all meters and the contract will have meter adjustment provisions consistent with TETCO standards as contained in the gas sales contract. ITEM 9 - Quality This Agreement contains the customary provisions required by 83 Illinois Administrative Code Part 530, which governs the quality of natural gas to be stored.
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Injection and Withdrawal. 6.1 The Storage User may inject a Quantity of Natural Gas up to but not exceeding its Registered Space in accordance with the terms set out in this Interconnector Storage Services Agreement by making an Injection Nomination in accordance with Schedule B. 6.2 The Storage User shall withdraw a Quantity of Natural Gas up to but not exceeding its Gas-in-Storage in accordance with the terms set out in this Interconnector Storage Services Agreement by making a Withdrawal Nomination in accordance with Schedule B. 6.3 The Storage User shall ensure that its Withdrawal Nominations for each Storage Capacity Period are sufficient to reduce its Gas-in-Storage to zero by the end of that Storage Capacity Period. 6.4 To the extent the Storage User's Withdrawal Nomination is lower than required to remove the Storage User's Gas-in-Storage by the end of the Storage Capacity Period Interconnector shall increase the Withdrawal Nomination by an appropriate amount to achieve that outcome and the Storage User shall be liable for all additional costs associated with Interconnector having to take action under this Clause 6.4.
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Injection and Withdrawal. Curves 1. The usage of the firm portion of Storage Services as per Article 2 is limited by the Injection and Withdrawal Curves. 2. The below described Injection and Withdrawal Curves of the Haidach Storage Facility shall apply with respect to the Storage Services as per Article 2 and also to the respective Storage Services Agreement. 3. If a percentage of the stored Working Gas Volume as per Article 6 Sections 4 and 5 should be reached, astora may lower the Injection or Withdrawal Rate to the percentage specified according to Article 6 Sections 4 and 5. 4. The Injection Curve shows the Injection Rates as a function of the Storage Customer's Working Gas Volume which it shall be entitled to use. The available Injection Rates of the Storage Customer (IR) in case a Customer's Storage Level of Working Gas Volume (WGV) exceeds 70% shall be calculated as follows: IR [%] = WGV [%] x (-2) + 240 5. The Withdrawal Curve shows the Withdrawal Rates as a function of the Storage Customer's Working Gas Volume which it shall be entitled to use. The available Withdrawal Rates of the Storage Customer (WR) in case a Customer's Storage Level of Working Gas Volume (WGV) falls below 30% shall be calculated as follows: WR [%] = WGV [%] x 1.3333 + 60
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Related to Injection and Withdrawal

  • Termination and Withdrawal After the fifth anniversary of the effective date of this Agreement, this Agreement may be terminated by a unanimous vote of the Incorporating Parties or their successors or assigns. If the Incorporating Parties vote to terminate this Agreement, they will file with the Commission and the PSC an explanation of their action and a proposal for an alternate plan for the safe, reliable and efficient operation of the NYS Transmission System. Except as otherwise provided in this Section 3.02, any Party may withdraw from this Agreement upon ninety (90) days prior written notice to the ISO Board. In the case of an Investor-Owned Transmission Owner, no further approval by the Commission is needed for such withdrawal from the ISO Agreement, if such Investor-Owned Transmission Owner has on file with the Commission its own open access transmission tariff. Any modification to this Article shall provide any Party with the right to withdraw from the Agreement pursuant to the unmodified provisions of this Article, within ninety (90) days of the effective date of such modification. If the tax-exempt status of LIPA’s Tax Exempt Bonds are jeopardized by LIPA’s participation in the ISO, LIPA may withdraw from this Agreement upon thirty (30) days prior written notice to the ISO Board; however, LIPA shall provide earlier notice whenever and as soon as it is reasonably practicable to do so. Any such notice shall contain an explanation in reasonably sufficient detail of the grounds for withdrawal. To the extent reasonably requested by LIPA, the ISO shall treat this explanation as confidential consistent with the ISO’s confidentiality procedures.

  • DISCHARGE AND WITHDRAWAL Client may discharge Attorney at any time. Attorney may withdraw with Client’s consent, for good cause or as allowed or required by law upon ten

  • Demand Withdrawal A Demanding Holder and any other Holder that has requested its Registrable Securities be included in a Demand Registration pursuant to Section 3.1.3 may withdraw all or any portion of its Registrable Securities included in a Demand Registration from such Demand Registration at any time prior to the effectiveness of the applicable Demand Registration and will not be obligated to participate in any Underwritten Public Offering prior to executing the underwriting agreement relating thereto. Upon receipt of a notice to such effect from a Demanding Holder (or if there is more than one Demanding Holder, from all such Demanding Holders) with respect to all of the Registrable Securities included by such Demanding Holder(s) in such Demand Registration, the Company shall cease all efforts to secure effectiveness of the applicable Demand Registration Statement; provided that, for the avoidance of doubt, in the event of a request for a Demand Registration by more than one Demanding Holder, the Company shall continue all efforts to secure effectiveness of the applicable Demand Registration Statement with respect to the Registrable Securities requested to be included by each of the Holders that has not withdrawn its Registrable Securities. Notwithstanding any withdrawal by a Demanding Holder of Registrable Securities from a Demand Registration pursuant to this Section 3.1.4, the Demand Registration with respect to which the withdrawal was made shall be counted for purposes of the limit on Demand Registration Requests set forth in Section 3.1.2 unless (a) the Demanding Holders reimburse the Company for all expenses incurred in connection with the Demand Registration with respect to which the withdrawal was made, (b) the withdrawal is made as a result of an event that has had a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of the Company or (c) the withdrawal is made in response to a Demand Suspension pursuant to Section 3.1.6.

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Company only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Company for any Servicing Advances made by the Company pursuant to Section 4.08 with respect to a related Mortgage Loan, but only from amounts received on the related Mortgage Loan which represent late collections of Escrow Payments thereunder; (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 4.14; (vi) to pay to the Company, or any Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to clear and terminate the Escrow Account on the termination of this Agreement; and (viii) to withdraw funds deposited in error.

  • Deposits and Withdrawals 22.1 The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by the Company as amended from time to time. The detailed information about deposit options is shown on the Website. 22.2 The Company shall have the right to request the Client at any time any documentation to confirm the source of funds deposited into the Client Account. The Company shall have the right to reject a deposit of the Client if the Company is not duly satisfied as to the legality of the source of funds. 22.3 If the Client makes a deposit, the Company shall credit the relevant Client Account with the relevant amount actually received by the Company within one Business Day following the amount is cleared in the bank account of the Company. 22.4 If the funds sent by the Client are not deposited in the Client Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation shall be paid by the Client and deducted from his Client Account or paid directly to the bank performing the investigation. The Client understands and aggress that in order to perform the investigation the Client shall have to provide the Company with the requested documents and certificates. 22.5 The Company shall effect withdrawals of Client funds upon the Company receiving a relevant request from the Client. The withdrawal method accepted by the Company shall be the same used for the Client deposit, unless this is not possible due to technical or other applicable legal or regulatory reasons. 22.6 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the said amount within five (5) Business Days, if the following requirements are met: (a) the withdrawal instruction includes all required information; (b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Client Account or at the Client’s request to a bank account belonging to the Client; (c) the account where the transfer is to be made belongs to the Client; (d) at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges; (e) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal. 22.7 It is agreed and understood that the Company will not accept third party or anonymous payments in the Client Account and will not allow to make withdrawals to any other third party or anonymous account. 22.8 The Company reserves the right to reasonably decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative. 22.9 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the relevant Client Account for these charges. 22.10 Withdrawal fees may apply. The applicable fees may be found on the Company’s Website. 22.11 The Client may send the request for internal transfer of funds to another Client Account held by him with the Company. Internal transfers shall be subject to the Company’s policy from time to time. 22.12 Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.