Storage Space definition
Examples of Storage Space in a sentence
When and if, due to the default of another user, any Storage Space for which Step-up Payments have been made under Article 3.a(3) is returned to the status of Uncontracted Storage Space under Article 7, the User’s Investment Account will be credited with an amount equal to the portion of the User’s Step-up Account associated with such storage.
In the event this contract terminates under Article 8.a due to any legal limitation on the duration of this agreement, this agreement shall be renewable at User’s option for so long as JMUC retains the right to utilize JMUC’s Storage Space.
User shall have the right to utilize water from the Project to the extent water is available in User’s Storage Space.
User will pay a percentage of the Unit Charge for each acre-foot of Uncontracted Storage Space determined by dividing User’s Storage Space by the total number of acre-feet of Contracted Storage Space.
User will pay a percentage of the Uncovered Obligation equal to the number of acre-feet in User’s Storage Space divided by the total number of acre-feet contracted to users who are able to fulfill their financial obligations to JMUC.