Common use of Guarantee Amount Clause in Contracts

Guarantee Amount. The Shipper shall provide GRTgaz with a Payment Guarantee of payment, the amount of which shall be determined as follows:  For a Contract of a duration strictly less than two (2) Months, the amount of the Guarantee shall be equal to the total of the capacity terms and the fixed terms set out in Clause 8 of this Section A.  For a Contract of a duration equal to or more than two (2) Months, the amount of the Guarantee shall be determined for each Month between the effective date and the expiry date of the Contract.  The minimum amount of the Guarantee is:  One hundred thousand (100,000) euros or,  Twenty thousand (20,000) euros if the Shipper holds a gas supply licence allowing occasional natural gas purchases and sales at the Title Transfer Points to meet the needs of its own industrial facilities. The amount of the Guarantee for Month M shall be equal:  either to the highest theoretical amount of the two (2) following values:

Guarantee Amount. The Shipper shall provide GRTgaz with a Payment Guarantee of payment, the amount of which shall be determined as follows:  follows:‌ • For a Contract of a duration strictly less than two (2) Months, the amount of the Guarantee shall be equal to the total of the capacity terms and the fixed terms set out in Clause 8 of this Section A.  • For a Contract of a duration equal to or more than two (2) Months, the amount of the Guarantee shall be determined for each Month between the effective date and the expiry date of the Contract.  • The minimum amount of the Guarantee is:  • One hundred thousand (100,000) euros or,  • Twenty thousand (20,000) euros if the Shipper holds a gas supply licence allowing occasional natural gas purchases and sales at the Title Transfer Points to meet the needs of its own industrial facilities. The amount of the Guarantee for Month M shall be equal:  • either to the highest theoretical amount of the two (2) following values:

Guarantee Amount. The Shipper shall provide GRTgaz with a Payment Guarantee of payment, with the amount of which shall be determined as follows:  follows:‌ • For a Contract of a duration strictly less than two (2) Months, the amount of the Guarantee shall be equal to the total of the capacity terms and the fixed terms set out in Clause 8 of this Section A.  • For a Contract of a duration equal to or more than two (2) Months, the amount of the Guarantee shall be determined for each Month between the effective date of coming into force and the expiry date of of the Contract.  • The minimum amount of the Guarantee is:  • One hundred thousand (100,000) euros Euros or,  • Twenty thousand (20,000) euros Euros if the Shipper holds a gas supply licence allowing occasional natural gas purchases and sales at the Title Transfer Points to meet the needs of its own industrial facilities. The amount of the Guarantee for the Month M shall be equal:  • either to the highest theoretical amount calculated as the maximum of the two (2) following values: