Common use of Basis of Storage Transfers Clause in Contracts

Basis of Storage Transfers. (a) Clauses 6.8 to 6.13 apply where the Service Provider is the Facility Operator (and do not apply where the Service Provider is not the Facility Operator). (b) The Customer or (as the case may be) Gas Storage Customer (the “Transferor Storage Customer”) may at any time during the Term: (i) transfer all or part of its Storage Space or its Storage Injection Capacity in the Facility to; or (ii) make a Storage Gas Transfer in respect of a quantity of Natural Gas in relation to the Facility in favour of, any Gas Storage Customer or (as the case may be) the Customer (the “Transferee Storage Customer”) subject to and in accordance with this Clause 6.8. (c) For the purposes of this Agreement: (i) a “Storage Space Transfer” and a “Storage Injection Capacity Transfer” are respectively a transfer of Storage Space and a transfer of Storage Injection Capacity in accordance with Clause 6.8(b)(i) and a “Storage Capacity Transfer” is a Storage Space Transfer and/or a Storage Injection Capacity Transfer;

Appears in 1 contract

Samples: Gas Capacity Agreement

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