Common use of Reduction in Volume Commitment for Failure to Meet Pressure Requirements Clause in Contracts

Reduction in Volume Commitment for Failure to Meet Pressure Requirements. Except for reasons of (i) Force Majeure, (n) Plant Maintenance (but not any other maintenance), (iii) the delivery of Shipper Gas in excess of the Gas Specifications, (iv) Shipper delivering Gas in a manner that causes hydraulic constraints, or (v) violation by Shipper of the terms and conditions of this Agreement, in the event that Shipper is unable to produce Gas as a result of a violation of the Pressure Requirements hereunder and/or Gatherer is unable to receive all Shipper Gas tendered to the Olympia Gathering System, then Shipper’s Annual Volume Commitments and/or any Expansion Volume Commitments shall be credited by an amount equal to the product of the following. (i) the Annual Volume Commitment and/or Expansion Capacity Annual Volume Commitment divided by 365 and (ii) the total volume of Shipper Gas tendered to, but not accepted on, the Olympia Gathering System divided by the total capacity of the Olympia Gathering System.

Reduction in Volume Commitment for Failure to Meet Pressure Requirements. Except for reasons of (i) Force Majeure, (nii) Plant Maintenance (but not any other maintenance), (iii) the delivery of Shipper Gas in excess of the Gas Specifications, (iv) Shipper delivering Gas in a manner that causes hydraulic constraints, or (v) violation by Shipper of the terms and conditions of this Agreement, in the event that Shipper is unable to produce Gas as a result of a violation of the Pressure Requirements hereunder and/or Gatherer is unable to receive all Shipper Gas tendered to the Olympia Magnolia Gathering System, then Shipper’s Annual Volume Commitments and/or any Expansion Volume Commitments shall be credited by an amount equal to the product of the following. : (i) the Annual Volume Commitment and/or Expansion Capacity Annual Volume Commitment divided by 365 and (ii) the total volume of Shipper Gas tendered to, but not accepted on, the Olympia Magnolia Gathering System divided by the total capacity of the Olympia Magnolia Gathering System.