Common use of Maximum Daily Withdrawal Demand Clause in Contracts

Maximum Daily Withdrawal Demand. Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of <DATE (last MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”). In the event that Shipper accepts a delivery of more, or less, than the Daily Withdrawal Quantity from Enbridge as specified above, Shipper agrees to pay $3.0000000/GJ ($3.1651680/MMBtu) multiplied by the difference between the Daily Withdrawal Quantity and the actual quantity accepted by Shipper (the “Withdrawal Difference”). Enbridge may choose to shed, or replace, such Withdrawal Difference and Shipper agrees to pay Enbridge’s costs to shed, or replace, such gas, plus an additional 25% of such costs. If Enbridge chooses not to shed, or replace such Withdrawal Difference, Shipper agrees to pay $0.1500000/GJ ($0.1582584/MMBtu) multiplied by the Withdrawal Difference for each day that the Withdrawal Difference, or any portion thereof, exists. Upon notice of failure to deliver the Daily Withdrawal Quantity to Enbridge as specified above, Enbridge may terminate this Service.

Appears in 2 contracts

Samples: Service Agreement, www.uniongas.com

AutoNDA by SimpleDocs

Maximum Daily Withdrawal Demand. Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and <DATE (last every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of <DATE (last MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”). In the event that Shipper Xxxxxxx accepts a delivery of more, or less, than the Daily Withdrawal Quantity from Enbridge as specified above, Shipper Xxxxxxx agrees to pay $3.0000000/GJ ($3.1651680/MMBtu) multiplied by the difference between the Daily Withdrawal Quantity and the actual quantity accepted by Shipper (the “Withdrawal Difference”). Enbridge may choose to shed, or replace, such Withdrawal Difference and Shipper Xxxxxxx agrees to pay EnbridgeXxxxxxxx’s costs to shed, or replace, such gas, plus an additional 25% of such costs. If Enbridge Xxxxxxxx chooses not to shed, or replace such Withdrawal Difference, Shipper Xxxxxxx agrees to pay $0.1500000/GJ ($0.1582584/MMBtu) multiplied by the Withdrawal Difference for each day that the Withdrawal Difference, or any portion thereof, exists. Upon notice of failure to deliver the Daily Withdrawal Quantity to Enbridge as specified above, Enbridge may terminate this Service.

Appears in 1 contract

Samples: Service Agreement

Maximum Daily Withdrawal Demand. Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis basis, the Maximum Loan Park Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of <DATE (last MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”). In the event that Shipper accepts a delivery of more, or less, than the Daily Withdrawal Quantity from Enbridge as specified above, Shipper agrees to pay $3.0000000/GJ ($3.1651680/MMBtu) multiplied by the difference between the Daily Withdrawal Quantity and the actual quantity accepted by Shipper (the “Withdrawal Difference”). Enbridge may choose to shed, or replace, such Withdrawal Difference and Shipper agrees to pay Enbridge’s costs to shed, or replace, such gas, plus an additional 25% of such costs. If Enbridge chooses not to shed, or replace such Withdrawal Difference, Shipper agrees to pay $0.1500000/GJ ($0.1582584/MMBtu) multiplied by the Withdrawal Difference for each day that the Withdrawal Difference, or any portion thereof, exists. Upon notice of failure to deliver the Daily Withdrawal Quantity to Enbridge as specified above, Enbridge may terminate this Service.

Appears in 1 contract

Samples: Service Agreement

AutoNDA by SimpleDocs

Maximum Daily Withdrawal Demand. Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis basis, the Maximum Loan Park Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of <DATE (last MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”). In the event that Shipper Xxxxxxx accepts a delivery of more, or less, than the Daily Withdrawal Quantity from Enbridge as specified above, Shipper Xxxxxxx agrees to pay $3.0000000/GJ ($3.1651680/MMBtu) multiplied by the difference between the Daily Withdrawal Quantity and the actual quantity accepted by Shipper (the “Withdrawal Difference”). Enbridge may choose to shed, or replace, such Withdrawal Difference and Shipper Xxxxxxx agrees to pay EnbridgeXxxxxxxx’s costs to shed, or replace, such gas, plus an additional 25% of such costs. If Enbridge Xxxxxxxx chooses not to shed, or replace such Withdrawal Difference, Shipper Xxxxxxx agrees to pay $0.1500000/GJ ($0.1582584/MMBtu) multiplied by the Withdrawal Difference for each day that the Withdrawal Difference, or any portion thereof, exists. Upon notice of failure to deliver the Daily Withdrawal Quantity to Enbridge as specified above, Enbridge may terminate this Service.

Appears in 1 contract

Samples: Service Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.