Storage operator definition
Examples of Storage operator in a sentence
If APETRA accepts a tender from a Selected Storage Operator, this company becomes APETRA’s Storage operator for the duration of the Individual Storage Contract.
APETRA's right to a fixed indemnity, which may or may not be accompanied by unilateral termination entitlement provided in Articles 8.2. and 10.3 of these General Terms and Conditions for Storage, is also valid when it becomes clear before the start date that the Storage operator will not be capable of providing the full Storage Capacity on the start date.
If APETRA deems it probable but not certain that the full Storage Capacity will not be available to APETRA on the start date, it can demand additional security from the Storage operator based on the fixed indemnities owed in case of default.
This Framework agreement and its Appendices, particularly the APETRA General Terms and Conditions (GT&C) for Storage2 (Appendix 1), set out the rights and obligations of the Storage operator and APETRA during the Individual Storage contract.
The Storage operator shall ensure that inspection can take place well in advance and at least one month before the commencement date, and provide promptly all information requested from it by APETRA to enable a full and efficient inspection to be undertaken.