Common use of Allocation Procedure Clause in Contracts

Allocation Procedure. 7.1. Allocation of Natural Gas shall become necessary in the event that Natural Gas of several Customers has been either injected or withdrawn (as the case may be) at the Delivery Point. 7.2. The Allocation of the Customer’s quantities of Natural Gas after injection or withdrawal (as the case may be) shall for each and every Hour be based on the Allocation Procedure which has been agreed upon between the Neighbouring Network Operator and the Provider for the Delivery Point. Such Allocation Procedure will for each and every Hour take into account the quantities of Natural Gas measured at the Delivery Point and the quantities of Natural Gas matched in accordance with the Operating Agreement hereunder. 7.3. The Allocation of the Customer’s Natural Gas shall for each and every Hour form the mutually agreed basis for all operational and billing purposes. The Allocation Procedure to be applied is stipulated in the Storage Specification.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Allocation Procedure. 7.1. Allocation of Natural Gas shall become necessary in the event that Natural Gas of several Customers has been either injected or withdrawn (as the case may be) at the Delivery Point. 7.2. The Allocation of the Customer’s quantities of Natural Gas after injection or withdrawal (as the case may be) shall for each and every Hour be based on the Allocation Procedure which has been agreed upon between the Neighbouring Network Operator and the Provider for the Delivery Point. Such Allocation Procedure will for each and every Hour take into account the quantities of Natural Gas measured at the Delivery Point and the quantities of Natural Gas matched in accordance with the Operating Agreement hereunder. 7.3. The Allocation of the Customer’s Natural Gas shall for each and every Hour form the mutually agreed basis for all operational and billing purposes. 7.4. The Allocation Procedure to be applied is stipulated in the Storage Specification.

Appears in 1 contract

Samples: Operating Agreement

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Allocation Procedure. 7.1. Allocation of Natural Gas shall become necessary in the event that Natural Gas of several Customers has been either injected or withdrawn (as the case may be) at the Delivery Point. 7.2. The Allocation of the Customer’s quantities of Natural Gas after injection or withdrawal (as the case may be) shall for each and every Hour be based on the Allocation Procedure which has been agreed upon between the Neighbouring Network Operator and the Provider for the Delivery Point. Such Allocation Procedure will for each and every Hour take into account the quantities of Natural Gas measured at the Delivery Point and the quantities of Natural Gas matched in accordance with the Operating Agreement hereunder. 7.3. The Allocation of the Customer’s Natural Gas shall for each and every Hour form the mutually agreed basis for all operational and billing purposes. 7.4. The Allocation Procedure to be applied is stipulated in the Storage Specification.

Appears in 1 contract

Samples: Operating Agreement

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