Common use of Monthly Nominations Clause in Contracts

Monthly Nominations. Prior to the end of each Month Seller will nominate the total quantity of Raw Product to be delivered to Buyer pursuant to this Agreement during the succeeding Month, giving sufficient time to meet the applicable Pipeline’s nomination deadlines for such Month, and will also provide Buyer with any other operational information which could have a significant effect on the quantity of Raw Product delivered for the Month. Seller and Buyer will cooperate in communicating throughout each Month regarding any changes in the quantity of Raw Product to be delivered at the Measurement Point. Should Seller become aware that actual deliveries at the Measurement Point on any day will be more or less than the nominated quantity, Seller will promptly notify Buyer.

Appears in 6 contracts

Samples: Raw Product Purchase Agreement (Targa Resources, Inc.), Raw Product Purchase Agreement (Targa Resources Partners LP), Raw Product Purchase Agreement (Targa Resources, Inc.)

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