Common use of INITIAL SERVICE Clause in Contracts

INITIAL SERVICE. Buyer agrees to begin purchasing natural gas under the terms and conditions of this Service Agreement at 10:00 A.M. Eastern Time on January 1, 2005, at which time the Service Agreement between Buyer and Seller dated November 7, 1997, shall terminate. , TERM OF AGREEMENT This Agreement shall become effective on January 1, 2005, and shall continue in full force and effect through December 31, 2008, at which time another four (4) year term will begin unless either party shall give written notice of intention to terminate at least thirty (30) days prior to the expiration of the original term. , RATE Buyer agrees to pay Seller each month for all gas delivered by Seller dm'ing the month at the Base Rate or the Competitive Fuel Rate, whichever shall be applicable. Gas volumes will be con'ected for BTU content, pressure, temperature, supercompressibility, specific gravity, and other factors where applicable. (A) BASE RATE 1NTERRUPTIBLE GAS, PRIORITY-OF-SERVICE CATEGORY 9 Each month, the Base Rate for dally volumes of Interruptible Gas delivered by Seller to Buyer in Priority-of-Se_Mce Category 9 shall be seventy-six cents ($0.76) per dekatherm plus Seller's "Cost of Gas". Seller's "Cost of Gas" shall be determined according to the method shown in Exhibit A attached hereto, as may be amended or superseded by the Public Service Commission of South Carolina, and is incorporated in and made a part of this Service Agreement. In addition to the Base Rate, the amount of any new or additional taxes imposed directly on the purchase or sale of gas delivered hereunder shall be added.

Appears in 1 contract

Samples: Service Agreement

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INITIAL SERVICE. Buyer agrees to begin purchasing natural gas under the terms and conditions of this Service Agreement at 10:00 A.M. Eastern Time on January September 1, 20052007, at which time the Service Agreement between or as soon thereafter as Buyer and Seller dated November 7, 1997, shall terminatehave their respective facilities installed. , . TERM OF AGREEMENT This Agreement shall become effective on January September 1, 20052007, and shall continue in full force and effect through December August 31, 2008, at which time another four (4) year term will begin and from month to month thereafter unless either party shall give written notice of intention to terminate at least thirty (30) days prior to the expiration of the original termterm or any one month extension thereof. , RATE ¸RATE Buyer agrees to pay Seller each month for all gas delivered by Seller dm'ing during the month at the Base Rate or the Competitive Fuel Rate, whichever shall be applicable. Gas volumes will be con'ected corrected for BTU content, pressure, temperature, supercompressibility, specific gravity, and other factors where applicable. (A) BASE RATE 1NTERRUPTIBLE INTERRUPTIBLE GAS, PRIORITY-OF-SERVICE CATEGORY 9 3E Each month, the Base Rate for dally daily volumes of Interruptible Gas delivered by Seller to Buyer in Priority-of-Se_Mce Service Category 9 3E shall be seventy-six eight cents ($0.760.78) per dekatherm plus Seller's "Cost of Gas". Seller's "Cost of Gas" shall be determined according to the method shown in Exhibit A attached hereto, as may be amended or superseded by the Public Service Commission of South Carolina, and is incorporated in and made a part of this Service Agreement. In addition to the Base Rate, the amount of any new or additional taxes imposed directly on the purchase or sale of gas delivered hereunder shall be added.

Appears in 1 contract

Samples: Construction Agreement

INITIAL SERVICE. Buyer Xxxxx agrees to begin purchasing natural gas under the terms and conditions of this Service Agreement at 10:00 A.M. Eastern Time on January April 1, 20052006, at which time the Service Agreement between Buyer XxxxxXxxx Forest Products, Inc. and Seller dated November 7January 15, 19972000, shall terminate. , TERM OF AGREEMENT This Agreement shall become effective on January April 1, 20052006, and shall continue in full force and effect through December March 31, 20082007, at which time another four (4) year term will begin and from month to month thereafter unless either party shall give written notice of intention to terminate at least thirty (30) days prior to the expiration of the original termterm or any one month extension thereof. , RATE Buyer Xxxxx agrees to pay Seller each month for all gas delivered by Seller dm'ing during the month at the Base Rate or the Competitive Fuel Rate, whichever shall be applicableas set forth in this Service Agreement. Gas volumes will be con'ected corrected for BTU content, pressure, temperature, supercompressibility, specific gravity, and other factors where applicable. (A) . . BASE RATE 1NTERRUPTIBLE FIRM GAS, PRIORITY-OF-SERVICE CATEGORY 9 2 Each month, the Base Rate for dally daily volumes of Interruptible Firm Gas delivered by Seller to Buyer in Priority-of-Se_Mce of- Service Category 9 2 shall be seventy-six cents ($0.76) per dekatherm plus Seller's "Cost of Gas". Seller's "Cost of Gas" shall be determined according to the method shown in billed on Rate 34 attached as Exhibit A attached heretoA, as may be presently exists or as amended or superseded by the Public Service Commission of South Carolina. Seller's "Purchased Gas Adjustment" applicable to Rate 34 shall be determined according to the method shown in Exhibit B, attached hereto, as may be amended, revised, or superseded by the Public Service Commission of South Carolina and is incorporated in and made a part of this Service Agreementshall apply to all service supplied under Rate. In addition to the Base Rate, the amount of any new or additional taxes imposed directly on the purchase or sale of gas delivered hereunder shall be added. , CREDITWORTHINESS Seller, in order to satisfy itself of the ability of the Buyer to meet its obligations under the contract, may conduct periodic reasonable credit reviews in accordance with standard commercial practices. Xxxxx agrees to asset in these reviews by providing financial information and at the request of the Seller?kvill maintain such credit support or surety including, but not limited to, an unconditional and irrevocable letter of credit to provide adequate security for protection against the risk of nonpayment.

Appears in 1 contract

Samples: Service Agreement

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INITIAL SERVICE. Buyer Xxxxx agrees to begin purchasing natural gas under the terms and conditions of this Service Agreement at 10:00 A.M. Eastern Time on January November 1, 20052007, at which time the Service Agreement between or as soon thereafter as Buyer and Seller dated November 7, 1997, shall terminatehave their respective facilities installed. , . TERM OF AGREEMENT This Agreement shall become effective on January November 1, 20052007, and shall continue in full force and effect through December October 31, 2008, at which time another four (4) year term will begin and from month to month thereafter unless either party shall give written notice of intention to terminate at least thirty (30) days prior to the expiration of the original termterm or any one month extension thereof. , RATE Buyer Xxxxx agrees to pay Seller each month for all gas delivered by Seller dm'ing during the month at the Base Rate or the Competitive Fuel Rate, whichever shall be applicable. Gas volumes will be con'ected corrected for BTU content, pressure, temperature, supercompressibility, specific gravity, and other factors where applicable. (A) BASE RATE 1NTERRUPTIBLE INTERRUPTIBLE GAS, PRIORITY-OF-SERVICE CATEGORY 9 3C Each month, the Base Rate for dally daily volumes of Interruptible Gas delivered by Seller to Buyer in Priority-of-Se_Mce Service Category 9 3(2 shall be seventyeighty-six eight cents ($0.760.88) per dekatherm plus Seller's "Cost of Gas". Seller's "Cost of Gas" shall be determined according to the method shown in Exhibit A attached hereto, as may be amended or superseded by the Public Service Commission of South Carolina, and is incorporated in and made a part of this Service Agreement. In addition to the Base Rate, the amount of any new or additional taxes imposed directly on the purchase or sale of gas delivered hereunder shall be added.

Appears in 1 contract

Samples: Service Agreement

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