OWNERSHIP OF THE TRANSMITTED NATURAL GAS Sample Clauses

OWNERSHIP OF THE TRANSMITTED NATURAL GAS. 8.1. The ownership of each Natural Gas Quantity which the User delivers at the NGTS Entry points shall be necessarily and ipso facto, and not with the purpose of sale, but exclusively for the needs of implementing this Transmission Contract, transferred upon delivery to the Operator and shall return to the User when the latter takes delivery of Natural Gas at Exit points.
Sample 1
AutoNDA by SimpleDocs
OWNERSHIP OF THE TRANSMITTED NATURAL GAS. The ownership of each Natural Gas Quantity that a Transmission User delivers at the NNGTS Entry Points is necessarily and de jure transferred upon delivery to the Operator not in the purposes of an assignment, but exclusively for the needs of operation of the Transmission Agreement, and it is restituted to the Transmission User upon Natural Gas off-take at the Exit Points. Comment: this concept prevents the development of a virtual trading hub within the NNGS as User’s cannot trade gas which they do not own. The Art is also inconsistent with the Transmission Contract which says that transfer of title is “ipso facto”. Regarding the stations of Agia Triada, Sidirokastro, Kipoi Evrou and, in general, wherever the Entry Points do not coincide with the off-take points of Natural Gas, that is received according to the eventual agreements, as in force, between Transmission Users and their suppliers, it should be stressed out that the ownership (as defined in the afore-mentioned paragraph) of the Natural Gas Quantities is transferred to the Operator upon NNGTS Natural Gas Quantities entering the Entry Points until its off-take by the Transmission User, thus, afterwards, ownership being transferred to the Transmission User upon Natural Gas off-take at the Exit Points. Comment: this article appears to restate the previous paragraph. It is not clear what its purpose is. The Transmission User shall deliver Natural Gas to the Operator and, on his turn, the Operator must keep the Natural Gas to be received from the User unburdened from any right of ownership retention, encumbrance, collateral, counterclaim and from any other tax, fee, duty stamp or other relevant right in favor of the Public State or third parties, as well as from any other expenditure regarding the gas production, concentration, processing and offer, arising upon or prior to its delivery or transmission through the NNGTS.
Sample 1

Related to OWNERSHIP OF THE TRANSMITTED NATURAL GAS

  • Ownership of Content 4.1 All materials including paper based resources, and all materials displayed on the Site and the Apps, including without limitation all information, text, materials, graphics, software, tools, results derived from the use of software and tools, advertisements, names, logos and trade marks on the paper based version, the Site and the Apps (Content) are protected by copyright, trade mark and other intellectual property laws unless otherwise indicated.

  • Ownership of Website The content, information and offers on our website are copyrighted by Bank and/or Vendor and the unauthorized use, reproduction, linking or distribution of any portions is strictly prohibited. You agree not to copy, display, distribute, download, license, sub-license, modify, publish, repost, reproduce, reuse, sell, transmit, create a derivative work from or otherwise use for public or commercial purposes, the information and materials on the Sites, except as provided in this Agreement, without our express written permission. Unless otherwise noted, all other trademarks, service marks, and logos used on the Bank’s sites are the trademarks, service marks or logos of Bank, or others as indicated.

  • Information regarding Interconnection Facilities 4.2.1 The SPD shall be required to obtain all information from the STU/CTU/concerned authority with regard to the Interconnection Facilities as is reasonably necessary to enable it to design, install and operate all interconnection plant and apparatus on the SPD’s side of the Delivery Point to enable delivery of electricity at the Delivery Point. The transmission of power up to the point of interconnection where the metering is done for energy accounting shall be the responsibility of the SPD at his own cost.

  • Ownership of Customer Data As between Oracle and Customer, all title and intellectual property rights in and to the Customer Data is owned exclusively by Customer. Customer acknowledges and agrees that in connection with the provision of the Services, Oracle may store and maintain Customer Data for a period of time consistent with Oracle’s standard business processes for the Services. Following expiration or termination of the Agreement or a Customer account, if applicable, Oracle may deactivate the applicable Customer account(s) and delete any data therein. Customer grants Oracle the right to host, use, process, display and transmit Customer Data to provide the Services pursuant to and in accordance with this Agreement and the applicable Estimate/Order Form or SOW. Customer has sole responsibility for the accuracy, quality, integrity, legality, reliability, and appropriateness of Customer Data, and for obtaining all rights related to Customer Data required by Oracle to perform the Services.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

  • OWNERSHIP OF ACCESS DEVICES Your Card and/or any other Account access device will remain Our property and any such Card or other Account access device We may issue may be cancelled or its use restricted by Us at any time without notice, except as may be required by applicable law. You agree to surrender any such Card and/or access device and to discontinue its use immediately upon Our request. You will be required to return any Account access device(s) to Us immediately upon the closing of Your Account.

  • Ownership of the Goods (excluding Software) will not pass to Buyer until Supplier has received in full (in cash or cleared funds) all sums due to it in respect of:

  • GOAL FOR CONTRACTING WITH SMALL AND MINORITY BUSINESSES WOMEN’S BUSINESS ENTERPRISES, AND LABOR SURPLUS AREA FIRMS (if subcontracts are to be let)

  • Contractor Certification regarding Business with Certain Countries and Organizations Pursuant to Subchapter F, Chapter 2252, Texas Government Code], Contractor certifies Contractor is not engaged in business with Iran, Sudan, or a foreign terrorist organization. Contractor acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate.

  • Ownership of Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

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