Inter-User Guarantee Amount Sample Clauses

Inter-User Guarantee Amount. (a) The Inter-User Guarantee Amount shall be calculated by Terminal Operator during the AP Process and thereafter reviewed by Terminal Operator on a quarterly basis, as follows: Terminal Operator shall provide an Inter-User Guarantee Notification on each of the first Business Day following 1 January, 1 April, 1 July and 1 October; the Inter-User Guarantee Notification shall set out any increase or decrease in the Inter-User Guarantee Amount based on the anticipated Borrowed Inventory of each B&L User for the remainder of the Contract Year; provided that no B&L User shall be required to amend its Inter- User Guarantee if the difference between the then current Inter-User Guarantee Amount and the revised Inter-User Guarantee Amount is more or less than one percent (1%) of the then current Inter-User Guarantee Amount; if the Inter-User Guarantee Notification requires an increase or decrease in Inter-User Guarantee Amount, the relevant B&L User shall provide a revised Inter-User Guarantee within [ten (10)] Business Days of receipt of the Inter-User Guarantee Notification; if a B&L User believes that Terminal Operator has erred in the calculation of the Inter-User Guarantee Amount, such B&L User shall, within five (5) Business Days of receipt of an Inter-User Guarantee Notification, submit a notice disputing the calculation made by Terminal Operator and providing justification for its own calculation. Terminal Operator shall review and respond to such B&L User’s notice within a further two (2) Business Days, confirming its decision on the Inter-User Guarantee Amount. Upon the receipt of the replacement of the Inter-User Guarantee the Terminal Operator shall cancel and return the old Inter-User Guarantee to the B&L User within [five (5)] Business Days. (b) For each B&L User, the Inter-User Guarantee Amount (in Euros) shall be calculated as follows: 𝐼𝑛𝑡𝑒𝑟 − 𝑈𝑠𝑒𝑟 𝐺𝑢𝑎𝑟𝑎𝑛𝑡𝑒𝑒 𝐴𝑚𝑚𝑜𝑢𝑛𝑡 = 𝐺𝑢𝑎𝑟𝑎𝑛𝑡𝑒𝑒 𝐿𝑁𝐺 𝑄𝑢𝑎𝑛𝑡𝑖𝑡𝑦 ∗ 𝐺𝑢𝑎𝑟𝑎��𝑡𝑒𝑒 𝐿𝑁�� 𝑃𝑟𝑖𝑐𝑒 (c) For each B&L User, the Guarantee LNG Quantity (denominated in MWh) shall be the greater of: the largest remaining AP LNG Cargo of such B&L User in energy content (in MWh) 2 at the period following the date when a review of the Inter- User Guarantee Amount shall be calculated; if the B&L User supplies one or more Shared LNG Cargos, the largest B&L User’s share in energy content (in MWh) of any such Shared LNG Cargo, that the B&L User is scheduled to deliver in the AP, at the pe...