Common use of PTR Make-up Gas Balancing Clause in Contracts

PTR Make-up Gas Balancing. COPANO shall use reasonable commercial efforts each month to deliver PTR Make-up Gas due KMTP in the same month as such Gas was delivered to the Plant. The number of MMBtu delivered by COPANO as PTR Make-up Gas may not equal to amount due from time to time, and COPANO shall maintain an account of the over-and under-deliveries of PTR Make-up Gas. Any imbalance in deliveries of PTR Make-up Gas shall be cashed out each month in accordance with the following: * (a) Over-delivery of PTR Make-up Gas shall be sold to KMTP at a price equal to [REDACTED] for: (i) the month in which the Gas was processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month. * (b) Under-delivery of PTR Make-up Gas shall be purchased from KMTP by COPANO at a price equal to [REDACTED] for: (i) the month in which the Gas was processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month.

Appears in 2 contracts

Samples: Gas Processing Contract (Copano Energy, L.L.C.), Gas Processing Contract (Copano Energy, L.L.C.)

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PTR Make-up Gas Balancing. COPANO shall use reasonable commercial efforts each month to deliver PTR Make-up Gas due KMTP in the same month as such Gas was delivered to the Plant. The number of MMBtu delivered by COPANO as PTR Make-up Gas may not equal to the amount due from time to time, and COPANO shall maintain an account of the over-over- and under-deliveries of PTR Make-up Gas. Any imbalance in deliveries of PTR Make-up Gas shall be cashed out each month in accordance with the following: *: (a) Over-delivery of PTR Make-up Gas shall be sold to KMTP at a price equal to [REDACTED] ** percent (**%) of the average of the Ship Channel Index for: (i) the month in which the Gas was processed Processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month. *. (b) Under-delivery of PTR Make-up Gas shall be purchased from KMTP by COPANO at a price equal to [REDACTED] ** of the Ship Channel Index for: (i) the month in which the Gas was processed Processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month.

Appears in 1 contract

Samples: Gas Processing Contract (Copano Energy, L.L.C.)

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PTR Make-up Gas Balancing. COPANO shall use reasonable commercial efforts each month to deliver PTR Make-up Gas due KMTP in the same month as such Gas was delivered to the Plant. The number of MMBtu delivered by COPANO as PTR Make-up Gas may not equal to the amount due from time to time, and COPANO shall maintain an account of the over-over- and under-deliveries of PTR Make-up Gas. Any imbalance in deliveries of PTR Make-up Gas shall be cashed out each month in accordance with the following: *: (a) Over-delivery of PTR Make-up Gas shall be sold to KMTP at a price equal to [REDACTED] for: (i) ** of the month in which the Gas was processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month. * (b) Under-delivery of PTR Make-up Gas shall be purchased from KMTP by COPANO at a price equal to [REDACTED] Ship Channel Index for: (i) the month in which the Gas was processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month. (b) Under-delivery of PTR Make-up Gas shall be purchased from KMTP by COPANO at a price equal to ** of the Ship Channel Index for: (i) the month in which the Gas was processed which gave rise to the PTR Make-up Gas obligation, and (ii) the following month.

Appears in 1 contract

Samples: Gas Processing Contract (Copano Energy, L.L.C.)

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