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: (i) the minimum amount of the Guarantee defined above when the Shipper has access to at least one (1) Title Transfer Point during Month M, otherwise zero (0), or (ii) twice (2x) the value of the total sum of following terms: o the fixed terms and the capacity terms for Month M for all Daily and Hourly Capacity, except for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, o and, if applicable, the capacity terms for Month M-2 for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, provided that Month M-2 takes place after the effective date of the Contract.  or to the amount of the Guarantee of Month M-1, if the difference between the theoretical amount thereby calculated and the amount of the Guarantee of Month M-1 is less than twenty per cent (20%) in absolute value of the amount of the Guarantee of Month M-1.

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: (i) the minimum amount of the Guarantee defined above when the Shipper has access to at least one (1) Title Transfer Point during Month M, otherwise zero (0), or (ii) twice (2x) the value of the total sum of following terms: o the fixed terms and the capacity terms for Month M for all Daily and Hourly Capacity, except for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, o and, if applicable, the capacity terms for Month M-2 for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, provided that Month M-2 takes place after the effective date of the Contract.  • or to the amount of the Guarantee of Month M-1, if the difference between the theoretical amount thereby calculated and the amount of the Guarantee of Month M-1 is less than twenty per cent (20%) in absolute value of the amount of the Guarantee of Month M-1.

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: (i) the minimum amount of the Guarantee defined above when the Shipper has access to at least one (1) Title Transfer Point during the Month M, otherwise zero (0), or (ii) twice (2x) the value of the total sum of following terms: o the fixed terms and the capacity terms for the Month M M, for all Daily and Hourly Capacity, except for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and for the Allocated Part of the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface PointsNetwork, o and, if applicableas the case may be, the capacity terms for the Month M-2 M-2, for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and for the Allocated Part of the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface PointsNetwork, provided that the Month M-2 takes place after the effective date of coming into force of the Contract.  • or to the amount of the Guarantee of the Month M-1, if the difference between the theoretical amount thereby calculated in that way and the amount of the Guarantee of the Month M-1 is less than twenty per cent (20%) in absolute value of the amount of the Guarantee of the Month M-1, in absolute value.

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: (i) the minimum amount of the Guarantee defined above when the Shipper has access to at least one (1) Title Transfer Point during Month M, otherwise zero (0), or (ii) twice (2x) the value of the total sum of following terms: o the fixed terms and the capacity terms for Month M for all Daily and Hourly Capacity, except for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Allocated Part of the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface PointsNetwork, o and, if applicable, the capacity terms for Month M-2 for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Allocated Part of the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface PointsNetwork, provided that Month M-2 takes place after the effective date of the Contract.  • or to the amount of the Guarantee of Month M-1, if the difference between the theoretical amount thereby calculated and the amount of the Guarantee of Month M-1 is less than twenty per cent (20%) in absolute value of the amount of the Guarantee of Month M-1.