Common use of BILLING VOLUMES Clause in Contracts

BILLING VOLUMES. For the purpose of billing, the parties agree that the first gas delivered through the Point of Delivery shall be the volumes transported for Buyer on a daily basis pursuant to the Transportation Agreement between the parties. All volumes in excess of the transported volumes will be considered as having been delivered pursuant to this Service Agreement. 10. CREDITWORTHINESS Seller, in order to satisfy itself of the ability of the Buyer to meet its obligations under the contract, may conduct periodic reasonable credit reviews in accordance with standard commercial practices. Xxxxx agrees to assist in these reviews by providing financial information and at the request of the Seller, will maintain such credit support or surety including, but not limited to, an unconditional and irrevocable letter of credit to provide adequate security for protection against the risk of nonpayment.

Appears in 3 contracts

Samples: Contract for Natural Gas Service, Contract for Natural Gas Service, Contract for Natural Gas Service

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BILLING VOLUMES. For the purpose of billing, the parties agree that the first gas delivered through the Point of Delivery shall be the volumes transported for Buyer on a daily basis pursuant to the Transportation Agreement between the parties. All volumes in excess of the transported volumes will be considered as having been delivered pursuant to this Service Agreement. 10. CREDITWORTHINESS - Seller, in order to satisfy itself of the ability of the Buyer to meet its obligations under the contract, may conduct periodic reasonable credit reviews in accordance with standard commercial practices. Xxxxx agrees to assist in these reviews by providing financial information and at the request of the Seller, will maintain such credit support or surety including, but not limited to, an unconditional and irrevocable letter of credit to provide adequate security for protection against the risk of nonpayment.

Appears in 1 contract

Samples: Contract for Natural Gas Service

BILLING VOLUMES. For the purpose of billing, the parties agree that the first gas Gas delivered through the Point of Delivery shall be the volumes transported for Buyer on a daily basis pursuant to the Transportation Agreement between the parties. All volumes in excess of the transported volumes will be considered as having been delivered pursuant to this Service Agreement. 10. CREDITWORTHINESS Seller, in order to satisfy itself of the ability of the Buyer to meet its obligations under the contract, may conduct periodic reasonable credit reviews in accordance with standard commercial practices. Xxxxx agrees to assist in these reviews by providing financial information and at the request of the Seller, will maintain such credit support or surety including, including but not limited to, an unconditional and irrevocable letter of credit to provide adequate security for protection against the risk of nonpayment.

Appears in 1 contract

Samples: Service Agreement

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BILLING VOLUMES. For the purpose of billing, the parties agree that the first gas delivered through the Point of Delivery shall be the volumes transported for Buyer on a daily basis pursuant to the Transportation Agreement between the parties. All volumes in excess of the transported volumes will be considered as having been delivered pursuant to this Service Agreement. 10. CREDITWORTHINESS Seller, in order to satisfy itself of the ability of the Buyer to meet its obligations under the contract, may conduct periodic reasonable credit reviews in accordance with standard commercial conunercial practices. Xxxxx agrees to assist in these reviews by providing financial information and at the request of the Seller, will maintain such credit support or surety including, but not limited to, an unconditional and irrevocable letter of credit to provide adequate security for protection against the risk of nonpayment.

Appears in 1 contract

Samples: Contract for Natural Gas Service

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