Common use of LIMITATIONS ON MAXIMUM AND MINIMUM STOCKS Clause in Contracts

LIMITATIONS ON MAXIMUM AND MINIMUM STOCKS. The Storage Facility Manager is not required to withdraw from the Transport/Storage Interface Point, on any Day whatsoever, a Quantity of Gas that would cause the Stock to exceed the Maximum Stock for the Day in question. The Storage Facility Manager is not required to deliver to the Transport/Storage Interface Point, on any Day whatsoever, a Quantity of Gas that would cause the Stock to fall below the Minimum Stock for the Day in question. In Special Situations the Maximum Stock may be reduced, and the Minimum Stock increased, in which case the Storage Facility Manager's obligations (removal or provision for delivery) shall be modified accordingly. Unless otherwise specified, the Customer's obligations, particularly the obligations to pay the Price, are not amended as a result of such implementation.

Appears in 5 contracts

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

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