Common use of Amendments and Changes Clause in Contracts

Amendments and Changes. 21.1 GSB may, if there is a change in Legal Requirements and/or a change in the regulations, transport, connection and trading terms and conditions at the TTF and/or the TSO system, and/or at its reasonable discretion, but in any event upon reasonable Notice in accordance with Article 21.2, change the terms of this Agreement. The Customer hereby agrees to be bound by such changes implemented and executed by GSB, subject to Article 21.3 below. 21.2 The Parties agree that a reasonable Notice in respect of this Article 21 will be a Notice provided to the Customer ultimately before 15 November of any year, either in accordance with Article 24 or provided by way of a publication on the Website, announcing a change of the terms of this Agreement with effect as from the following 1 April. 21.3 Any change to this Agreement may be implemented and executed by GSB in accordance with Article 21.1 and 21.2 above, provided that such change would not be detrimental to the Customer with regard to the terms in Articles 3.5 (Injection Pressure Factor), 3.6 (Withdrawal Pressure Factor), 4.4.2 (Ramp Rate), 7 (Gas-in-Storage), the maximum amount of Maintenance Hours, Articles 10.4, 1.1 and 10.8 (Outage LD’s), Article 12 (Fees), or Article

Appears in 3 contracts

Samples: Storage Services Agreement, Storage Services Agreement, Storage Services Agreement

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Amendments and Changes. 21.1 GSB may, if there is a change in Legal Requirements and/or a change in the regulations, transport, connection and trading terms and conditions at the TTF and/or the TSO system, and/or at its reasonable discretion, but in any event upon reasonable Notice in accordance with Article 21.2, change the terms of this Agreement. The Customer hereby agrees to be bound by such changes implemented and executed by GSB, subject to Article 21.3 below. 21.2 The Parties agree that a reasonable Notice in respect of this Article 21 will be a Notice provided to the Customer ultimately before 15 November of any year, either in accordance with Article 24 or provided by way of a publication on the Website, announcing a change of the terms of this Agreement with effect as from the following 1 April. 21.3 Any change to this Agreement may be implemented and executed by GSB in accordance with Article 21.1 and 21.2 above, provided that such change would not be detrimental to the Customer with regard to the terms in Articles 3.5 (Injection Pressure Factor), 3.6 (Withdrawal Pressure Factor), 4.4.2 (Ramp Rate), 7 (Gas-in-Storage), the maximum amount of Maintenance Hours, Articles 10.4, 1.1 Error! Reference source not found. and 10.8 (Outage LDL D’s), Article 12 (Fees), or ArticleArticle 15.3 (liability cap). 21.4 If the Neutral Gas Price, the prices referred to in Articles 15.1.1 (Sell Price) or 15.

Appears in 1 contract

Samples: Storage Services Agreement

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