Common use of Storage Inventory Clause in Contracts

Storage Inventory. In connection with Counterparty's release to Manager of its storage capacity in accordance with Section 2.01 of this Agreement, the balances shown in Counterparty Storage Accounts as of October 31, 2001 shall become the initial Counterparty Storage Account balances. The inventory of Gas so transferred in each Storage Facility is listed in Exhibit B. In exchange for this transfer of Gas inventory, Manager grants Counterparty the right to receive, at the Counterparty's receipt points on the applicable Transporter, volumes of Baseload Gas (less applicable fuel charges) as set forth in paragraph 4.02. This exchange is a like kind exchange of equal volumes with no cash sales price.