Common use of Authorized Overrun Charges Clause in Contracts

Authorized Overrun Charges. If gas is withdrawn from or injected into the Storage Account on an Authorized Overrun basis or as a result of an Authorized Hourly Overrun, for such quantities a charge equal to: (i) the greater of: A. the “Commodity Charge” of $[commodity rate]/GJ multiplied by the quantity of gas withdrawn from or injected into the Storage Account, subject to change by Enbridge upon 30 days written notice to Shipper, provided that: (a) an amount known as the “Maximum Commodity Charge For Authorized Overrun” (which shall be deemed to be $[commodity rate]/GJ on March 31, [year]) shall be calculated each year beginning on April 1, [year] and each April 1st thereafter, such that the then current “Maximum Commodity Charge for Authorized Overrun” shall increase by a factor equal to one-half the annual change in the “Canadian Consumer Price Index, All Items Not Seasonally Adjusted”, for the previous calendar year as published monthly in “The Consumer Price Index” as published by Statistics Canada (Table: 18-10- 0004-13), or zero, whichever is greater; and (b) the Commodity Charge shall not exceed the Maximum Commodity Charge for Authorized Overrun; and B. the highest Authorized Hourly Overrun during the gas day multiplied by 1.5, multiplied by the Monthly Demand Charge, divided by the number of days in the month of the occurrence, and all divided by: (x) the Hourly Withdrawal Quantity if gas was delivered from the Storage Account during the hour that gave rise to the highest Authorized Hourly Overrun; or (y) the Hourly Injection Quantity if gas was received into the Storage Account during the hour that gave rise to the highest Authorized Hourly Overrun; plus (i) for each GJ of gas withdrawn from or injected into the Storage Account on an Authorized Overrun basis, an amount of fuel in kind equal to one GJ multiplied by [fuel ratio]% (the “In Kind Fuel Ratio For Authorized Overrun”) subject to change by Enbridge upon 30 days written notice to Shipper, provided that any positive difference in percentage points between any proposed In Kind Fuel Ratio For Authorized Overrun less [fuel ratio]%, may not exceed the positive difference in percentage points between the then current Fuel Ratio for Withdrawal Commodity or Fuel Ratio for Injection Commodity (whichever is greater) set out in Enbridge’s T1 Rate Schedule under “Fuel Ratio For Customers Providing Their Own Compressor Fuel” less [fuel ratio]%.

Appears in 2 contracts

Samples: High Deliverability Storage Contract, High Deliverability Storage Contract

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Authorized Overrun Charges. If gas is withdrawn from or injected into the Storage Account on an Authorized Overrun basis or as a result of an Authorized Hourly Overrun, for such quantities a charge equal to: (i) the greater of: A. the “Commodity Charge” of $[<commodity rate]/GJ rate>/GJ multiplied by the quantity of gas withdrawn from or injected into the Storage Account, subject to change by Enbridge upon 30 days written notice to Shipper, provided that: (a) an amount known as the “Maximum Commodity Charge For Authorized Overrun” (which shall be deemed to be $[<commodity rate]/GJ rate>/GJ on March 31, [<year]>) shall be calculated each year beginning on April 1, [<year] and each > andeach April 1st thereafter, such that the then current “Maximum Commodity Charge for Authorized Overrun” shall increase by a factor equal to one-half the annual change in the “Canadian Consumer Price Index, All Items Not Seasonally Adjusted”, for the previous calendar year as published monthly in “The Consumer Price Index” as published by Statistics Canada (Table: 18-10- 0004-13), or zero, whichever is greater; and (b) the Commodity Charge shall not exceed the Maximum Commodity Charge for Authorized Overrun; and B. the highest Authorized Hourly Overrun during the gas day multiplied by 1.5, multiplied by the Monthly Demand Charge, divided by the number of days in the month of the occurrence, and all divided by: (x) the Hourly Withdrawal Quantity if gas was delivered from the Storage Account during the hour that gave rise to the highest Authorized Hourly Overrun; or (y) the Hourly Injection Quantity if gas was received into the Storage Account during the hour that gave rise to the highest Authorized Hourly Overrun; plus (i) for each GJ of gas withdrawn from or injected into the Storage Account on an Authorized Overrun basis, an amount of fuel in kind equal to one GJ multiplied by [<fuel ratio]% ratio>% (the “In Kind Fuel Ratio For Authorized Overrun”) subject to change by Enbridge upon 30 days written notice to Shipper, provided that any positive difference in percentage points between any proposed In Kind Fuel Ratio For Authorized Overrun less [<fuel ratio]%ratio>%, may not exceed the positive difference in percentage points between the then current Fuel Ratio for Withdrawal Commodity or Fuel Ratio for Injection Commodity (whichever is greater) set out in Enbridge’s T1 Rate Schedule under “Fuel Ratio For Customers Providing Their Own Compressor Fuel” less [<fuel ratio]%ratio>%.

Appears in 1 contract

Samples: High Deliverability Storage Contract

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Authorized Overrun Charges. If gas is withdrawn from or injected into the Storage Account on an Authorized Overrun basis or as a result of an Authorized Hourly Overrun, for such quantities a charge equal to: (i) the greater of: A. the “Commodity Charge” of $[commodity rate]/GJ multiplied by the quantity of gas withdrawn from or injected into the Storage Account, subject to change by Enbridge upon 30 days written notice to Shipper, provided that: (a) an amount known as the “Maximum Commodity Charge For Authorized Overrun” (which shall be deemed to be $[commodity rate]/GJ on March 31, [year]) shall be calculated each year beginning on April 1, [year] and each April 1st thereafter, such that the then current “Maximum Commodity Charge for Authorized Overrun” shall increase by a factor equal to one-half the annual change in the “Canadian Consumer Price Index, All Items Not Seasonally Adjusted”, for the previous calendar year as published monthly in “The Consumer Price Index” as published by Statistics Canada (Table: 18Catalogue No. 62-10- 0004001-13XPB), or zero, whichever is greater; and (b) the Commodity Charge shall not exceed the Maximum Commodity Charge for Authorized Overrun; and B. the highest Authorized Hourly Overrun during the gas day multiplied by 1.5, multiplied by the Monthly Demand Charge, divided by the number of days in the month of the occurrence, and all divided by: (x) the Hourly Withdrawal Quantity if gas was delivered from the Storage Account during the hour that gave rise to the highest Authorized Hourly Overrun; or (y) the Hourly Injection Quantity if gas was received into the Storage Account during the hour that gave rise to the highest Authorized Hourly Overrun; plus (i) for each GJ of gas withdrawn from or injected into the Storage Account on an Authorized Overrun basis, an amount of fuel in kind equal to one GJ multiplied by [fuel ratio]% (the “In Kind Fuel Ratio For Authorized Overrun”) subject to change by Enbridge upon 30 days written notice to Shipper, provided that any positive difference in percentage points between any proposed In Kind Fuel Ratio For Authorized Overrun less [fuel ratio]%, may not exceed the positive difference in percentage points between the then current Fuel Ratio for Withdrawal Commodity or Fuel Ratio for Injection Commodity (whichever is greater) set out in Enbridge’s T1 Rate Schedule under “Fuel Ratio For Customers Providing Their Own Compressor Fuel” less [fuel ratio]%.

Appears in 1 contract

Samples: High Deliverability Storage Contract

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