Common use of Purchase of Accounts Receivable Clause in Contracts

Purchase of Accounts Receivable. NJNG shall purchase Marketer’s accounts receivable resulting from Marketer’s sale of natural gas to NJNG’s transportation customers served under Service Classifications CTB, FT, SCR, RT and IT (hereinafter, “Transportation Customers”) of NJNG’s Tariff. NJNG’s purchase of accounts receivable will be limited to amounts due to Marketer by Transportation Customers upon the provision of natural gas commodity service by Marketer. NJNG's purchase, if any, of a Marketer's accounts receivable shall be as set forth in Section IV. Notwithstanding anything contained herein, NJNG reserves the right to deduct from any sums due Marketer hereunder any amounts owed by Marketer to NJNG, including amounts for accounts not subject to Billing Option 1 Service, which amounts are past due but have not yet been paid, or to apply Marketer’s deposit or letter of credit to such past due amounts.

Purchase of Accounts Receivable. NJNG shall purchase Marketer’s accounts receivable resulting from Marketer’s sale of natural gas to NJNG’s transportation customers served under Service Classifications CTBGSL, GSS, FT, SCRRS IT, RT IS, NGV, CNG and IT DGC (hereinafter, “Transportation Customers”” ) of NJNG’s Tariff. NJNG’s purchase of accounts receivable will be limited to amounts due to Marketer by Transportation Customers upon the provision of natural gas commodity service by Marketer. NJNG's purchase, if any, of a Marketer's accounts receivable shall be as set forth in Section IV4. Notwithstanding anything contained herein, NJNG reserves the right to deduct from any sums due Marketer hereunder any amounts owed by Marketer to NJNG, including amounts for accounts not subject to Billing Option 1 Service, which amounts are past due but have not yet been paid, or to apply Marketer’s deposit or letter of credit to such past due amounts.

Purchase of Accounts Receivable. NJNG shall purchase Marketer’s accounts receivable resulting from Marketer’s sale of natural gas to NJNG’s transportation customers served under Service Classifications CTBGSL, GSS, FT, SCR, RT RS and IT (hereinafter, “Transportation Customers”” ) of NJNG’s Tariff. NJNG’s purchase of accounts receivable will be limited to amounts due to Marketer by Transportation Customers upon the provision of natural gas commodity service by Marketer. NJNG's purchase, if any, of a Marketer's accounts receivable shall be as set forth in Section IV. Notwithstanding anything contained herein, NJNG reserves the right to deduct from any sums due Marketer hereunder any amounts owed by Marketer to NJNG, including amounts for accounts not subject to Billing Option 1 Service, which amounts are past due but have not yet been paid, or to apply Marketer’s deposit or letter of credit to such past due amounts.

Purchase of Accounts Receivable. NJNG shall purchase Marketer’s Marketer s accounts receivable resulting from Marketer’s Marketer s sale of natural gas to NJNG’s NJNG s transportation customers served under Service Classifications CTBGSL, GSS, FT, SCR, RT RS and IT (hereinafter, “Transportation Customers”Customers ) of NJNG’s NJNG s Tariff. NJNG’s NJNG s purchase of accounts receivable will be limited to amounts due to Marketer by Transportation Customers upon the provision of natural gas commodity service by Marketer. NJNG's purchase, if any, of a Marketer's accounts receivable shall be as set forth in Section IV. Notwithstanding anything contained herein, NJNG reserves the right to deduct from any sums due Marketer hereunder any amounts owed by Marketer to NJNG, including amounts for accounts not subject to Billing Option 1 Service, which amounts are past due but have not yet been paid, or to apply Marketer’s Marketer s deposit or letter of credit to such past due amounts.