Common use of Responsibility for Payment of Charges Clause in Contracts

Responsibility for Payment of Charges. During the term of the Capacity Release, Manager shall pay to each Service Provider, as applicable, all amounts due and payable under the released agreement(s) including, without limitation, reservation charges, reservation surcharges, commodity charges, gathering and offshore charges, storage fuel adjustments, overrun charges, and any other applicable charges and penalties attributable to the Capacity Release. All amounts so paid by Manager during the term of the Capacity Release will be paid in accordance with various applicable payment terms and provisions of the contracts released as those terms and provisions have been disclosed to Manager, and applicable Tariffs. With respect to the Capacity Release asset, Manager shall pay directly to Counterparty all pipeline refunds or credits received (1) for periods prior to November 1, 2001, (2) for demand charges and surcharges through the term of this Agreement, and (3) refunds or credits for commodity charges and surcharges which are related to shipments of Gas received by Counterparty during the term of this Agreement.

Appears in 2 contracts

Samples: Management Agreement (RGC Resources Inc), Management Agreement (RGC Resources Inc)

AutoNDA by SimpleDocs

Responsibility for Payment of Charges. During the term of the Capacity Release, Manager shall pay to each Service Provider, as applicable, all amounts due and payable under the released agreement(s) including, without limitation, reservation charges, reservation surcharges, commodity charges, gathering and offshore charges, storage fuel adjustments, overrun charges, and any other applicable charges and penalties attributable to the Capacity Release. All amounts so paid by Manager during the term of the Capacity Release will shall be paid in accordance with various applicable payment terms and provisions of the contracts released as those terms and provisions have been disclosed to Manager, and applicable Tariffs. With respect to the Capacity Release assetassets, Manager shall pay directly to Counterparty all pipeline refunds or credits received (1) for periods prior to November 1, 20012010, (2) for demand charges and surcharges through the term of this Agreement, and (3) refunds or credits for commodity charges and surcharges which are related to shipments of Gas received by Counterparty during the term of this Agreement.

Appears in 2 contracts

Samples: Management Agreement, Asset Management Agreement (RGC Resources Inc)

AutoNDA by SimpleDocs

Responsibility for Payment of Charges. During the term of the Capacity Release, Manager shall pay to each Service Provider, as applicable, all amounts due and payable under the released agreement(s) including, without limitation, reservation charges, reservation surcharges, commodity charges, gathering and offshore charges, storage fuel adjustments, overrun charges, and any other applicable charges and penalties attributable to the Capacity Release. All amounts so paid by Manager during the term of the Capacity Release will shall be paid in accordance with various applicable payment terms and provisions of the contracts released as those terms and provisions have been disclosed to Manager, and applicable Tariffs. With respect to the Capacity Release assetassets, Manager shall pay directly to Counterparty all pipeline refunds or credits received (1) for periods prior to November 1, 20012007, (2) for demand charges and surcharges through the term of this Agreement, and (3) refunds or credits for commodity charges and surcharges which are related to shipments of Gas received by Counterparty during the term of this Agreement.

Appears in 1 contract

Samples: Asset Management Agreement (RGC Resources Inc)

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