Common use of Daily Assessment Clause in Contracts

Daily Assessment. assessment made on Day D by the Storage Facility Manager of the Quantities of Gas Injected, Withdrawn, Purchased, Sold for the Customer during Day D-1 of the Customer's Stock on Day D. The assessment is drawn up in accordance with Operational Procedures. Daily Capacity Available for Injection: daily Injection Capacity actually available at the Transport/Storage Interface Point after taking Special Situations into account. Daily Capacity Available for Withdrawal: daily Withdrawal Capacity actually available at the Transport/Storage Interface Point after taking Special Situations into account. Daily Injection Capacity: the quantity of Gas determined each Day by multiplying the Daily Nominal Injection Capacity by the Injection Development factor for the Day in question, possibly capped at the Maximum Stock Level.

Appears in 5 contracts

Samples: Natural Gas Storage Contract, Natural Gas Storage Contract, Natural Gas Storage Contract

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