Common use of Demand Charge Relief Clause in Contracts

Demand Charge Relief. If on any Day COMPANY fails to receive or deliver or receive the Authorized Quantity (up to the Daily Maximum Injection Demand or Daily Maximum Withdrawal Demand, as applicable) by reason of Force Majeure, then for that Day COMPANY shall credit to CUSTOMER’s xxxx an amount equal to half of the applicable Daily Demand Rate as defined in this paragraph, multiplied by the difference between the quantity of Gas actually delivered to or received by COMPANY during such Day and the Authorized Quantity (up to the Daily Maximum Injection Demand or the Daily Maximum Withdrawal Demand, as applicable) on such Day. The term “Daily Demand Rate” shall mean the monthly demand charge or equivalent (as stipulated in the Agreement) divided by the number of days in the month for which such rate is being calculated.

Demand Charge Relief. If on any Day COMPANY fails to receive or deliver or receive the Authorized Quantity (up to the Daily Maximum Injection Demand or Daily Maximum Withdrawal Demand, as applicable) by reason of Force Majeure, then for that Day COMPANY shall credit to CUSTOMER’s xxxx bill an amount equal to half of the applicable Daily Demand Rate as defined in this paragraph, multiplied by the difference between the quantity of Gas actually delivered to or received by COMPANY during such Day and the Authorized Quantity (up to the Daily Maximum Injection Demand or the Daily Maximum Withdrawal Demand, as applicable) on such Day. The term “Daily Demand Rate” shall mean the monthly demand charge or equivalent (as stipulated in the Agreement) divided by the number of days in the month for which such rate is being calculated.

Demand Charge Relief. If on any Day COMPANY fails to receive or deliver or receive the Authorized Quantity (up to the Daily Maximum Injection Demand or the Daily Maximum Withdrawal Demand, as applicable) by reason of Force Majeure, then for that Day COMPANY shall credit to CUSTOMER’s xxxx an amount equal to half of the applicable Daily Demand Rate as defined in this paragraph, multiplied by the difference between the quantity of Gas actually delivered to or received by COMPANY during such Day and the Authorized Quantity (up to the Daily Maximum Injection Demand or the Daily Maximum Withdrawal Demand, as applicable) on such Day. The term “Daily Demand Rate” shall mean the monthly demand charge or equivalent (as stipulated in the Agreement) divided by the number of days in the month for which such rate is being calculated.

Demand Charge Relief. If on any Day COMPANY fails to receive or deliver or receive the Authorized Quantity (up to the Daily Maximum Injection Demand or the Daily Maximum Withdrawal Demand, as applicable) by reason of Force Majeure, then for that Day COMPANY shall credit to CUSTOMER’s xxxx bill an amount equal to half of the applicable Daily Demand Rate as defined in this paragraph, multiplied by the difference between the quantity of Gas actually delivered to or received by COMPANY during such Day and the Authorized Quantity (up to the Daily Maximum Injection Demand or the Daily Maximum Withdrawal Demand, as applicable) on such Day. The term “Daily Demand Rate” shall mean the monthly demand charge or equivalent (as stipulated in the Agreement) divided by the number of days in the month for which such rate is being calculated.