Compulsory Lending Obligation Sample Clauses

Compulsory Lending Obligation. (a) Each B&L User that possesses Available Inventory may be required by the Terminal Operator, in its sole discretion, according to the terms of the present Agreement, to lend any quantity from the Lender’s Available Inventory. (b) Any quantity that is lent within a Day, is equal to the delivery of Regasified LNG for the account of the Borrower at the Regasified LNG Delivery Point plus the Forecast Retainage of each B&L User at that Day.
AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!