Common use of Additional Storage Period Clause in Contracts

Additional Storage Period. a) The Parties hereby agree that the SSO is entitled to prolong the Storage period for additional time of up to six month due to operational reasons (“Additional Storage Period”) by sending a written notice to the Customer no later than 3 Gas Days before the end of the Storage Period according to par. 1.4 above. b) The SSO is entitled any time during the Additional Storage Period end the Additional Storage Period and request the Customer to sell the natural gas to the SSO in accordance to the Purchase Agreement by sending a written notice to the Customer with a notice period of at least 3 Gas Days before the end of the Additional Storage Period. c) At all times during the Additional Storage Period the Customer shall be obliged to keep its Storage Account full and shall not be entitled to inject or withdraw the natural gas if not agreed by the SSO otherwise. During the Additional Storage Period the Flat Injection and Withdrawal Rates as stipulated in par. 1.2 shall equal to zero. d) The Storage Price for the Additional Storage Period is already included in the Storage Price according to Article IV of this Agreement.

Appears in 5 contracts

Samples: Gas Storage Agreement, Gas Storage Agreement, Gas Storage Agreement

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