Common use of LIMITATIONS ON DAILY INJECTION AND WITHDRAWAL CAPACITIES Clause in Contracts

LIMITATIONS ON DAILY INJECTION AND WITHDRAWAL CAPACITIES. The Storage Facility Manager is not required to withdraw from the Transport/Storage Interface Point, on any Day whatsoever, a Quantity of Gas in excess of the Daily Injection Capacity, nor to withdraw from the Transport/Storage Interface Point, at any given Hour, a Quantity of Gas in excess of one twenty-fourth (1/24th) of the Daily Injection Capacity. The Storage Facility Manager is not required to deliver at the Transport/Storage Interface Point, on any Day whatsoever, a Quantity of Gas in excess of the Daily Withdrawal Capacity, nor to deliver at the Transport/Storage Interface Point, at any given Hour, a Quantity of Gas in excess of one twenty-fourth (1/24th) of the Daily Withdrawal Capacity. The Daily Injection or Withdrawal Capacities specified in this article 5.1.1 may be reduced in the event of Special Situations. If the Storage Facility Manager does implement such reductions at the Transport/Storage Interface Point, the Storage Facility Manager's obligations of removal or provision are reduced accordingly. Unless otherwise specified, the Customer's obligations, particularly the obligations to pay the Price, are not amended as a result of such implementation. Any such reduced capacities form the Daily Capacities Available for Injection or Withdrawal.

Appears in 4 contracts

Samples: Natural Gas Storage Contract, Natural Gas Storage Contract, Natural Gas Storage Contract

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!