Storage Contracts definition
Examples of Storage Contracts in a sentence
System User authorizes MFGT to use any and all data that are available to MFGT in relation to the System User’s storage use pursuant to its Natural Gas Storage Contract(s), for the provision of the Reporting Services.
Any data or information provided by one Party to the other Party pursuant to this Contract shall be used by the receiving Party only in connection with this Contract or the Natural Gas Storage Contract(s) without the prior written consent of the disclosing Party.
Underground Storage Contracts for capacity in off-system storage Capacity facilities used to accumulate and maintain gas inventories for redelivery to the Company’s city gates.
Any gas remaining in storage at the termination of this Agreement that was injected under the Firm Storage Contracts after March 31 of the year in which the Agreement terminates shall be transferred and sold by Seller to Buyer at a price mutually agreed to by the Parties; provided that Seller will not inject gas into storage for Buyer's account after March 31 of such year, unless Buyer consents to such injections.
True copies of the written Contracts identified in Section 2.20 of the Company Disclosure Schedule (except as to the Contracts identified in Section 2.20(c), true copies of only those Contracts which are material as to one or more of the categories listed in Section 2.20(c)), or with respect to the Natural Gas Pipeline Transportation and Storage Contracts, true summaries of all material terms, have been delivered or made available to Parent.
Any gas remaining in storage under -------------------------- the Firm Storage Contracts at the termination of this Agreement that was injected on or before March 31 of the year in which the Agreement terminates shall be transferred and sold by Seller to Buyer at the arithmetic average of the Commodity Prices that were applicable during the months of November, December, January, February and March that immediately preceded the termination date of this Agreement.
Seller shall be responsible for any charges incurred in connection with its utilization of Buyer's Firm Transportation or Firm Storage Contracts for purposes other than providing gas supply to Buyer.
Buyer will also appoint Seller as its agent for purposes of administering the Firm Transportation Contracts and the Firm Storage Contracts for the transportation and storage of (a) any substitute gas supplies that Buyer purchases in accordance with Section 2.3.1 or (b) to the extent the release or assignments provided for above are not permitted by Tennessee's tariff.
It is recognized by both ------------------------------ Parties that Seller's ability to deliver gas at the Delivery Point(s) set forth in Section 4.1 above is dependent upon Seller's ability to utilize the Firm Transportation Contracts and the Firm Storage Contracts released by Buyer to Seller in accordance with Article V below.
These provisions are based on (a) tariff provisions approved in Tennessee's FERC Tariff on the date this Agreement was executed, including the right to balance any variation between projected and actual daily loads through injections and withdrawals from storage under the Firm Storage Contracts, and (b) the existing load profile of Buyer.