Common use of Report and Statement by Shipper Clause in Contracts

Report and Statement by Shipper. Where CTM is not being performed by LMM, Shipper shall report to LMM (a) the Day(s) of production, the Month and year in which such production is to be recognized, Dth pressure base, Btu pressure base, Daily Mcf, Daily Btu, Daily Dth and quality of Shipper’s Gas and (b) the Gross Sales Price and the amount and calculation of any Gathering Fee determined using the Gross Sales Price, together with reasonable and appropriate supporting documentation. Whether or not CTM is being performed by LMM or by Shipper, Shipper shall report to LMM the Gross Sales Price for calculation of the Gathering Fee. Such report shall be transmitted to LMM by telephone, e-mail, text message or facsimile on or before the later to occur of *** (the “Initial Report Deadline”). Shipper shall also send to LMM via mail not later than five (5) Business Days following the Initial Report Deadline a written statement confirming such report. Any adjustments to such report shall be sent as a net adjustment identified by the Day of production. LMM may request an additional Monthly electronic audit file with all of the hourly, daily, configuration and event/alarm data.