Common use of SERVICES RIGHTS Clause in Contracts

SERVICES RIGHTS. 4.1. The Storage Operator shall, subject to all terms and conditions of the Standard Storage Agreement, for each Storage Service for the period and quantities of Natural Gas set out in the Services Confirmations in attachment 1 of the Standard Storage Agreement, offtake, store and redeliver such quantities of Natural Gas, as the Storage User may require up to a maximum rate of his Real Capacities. 4.2. During each hour of the Service Period, total or part of the Subscribed Capacities shall be available to the Storage User as Real Capacities according to the provisions of the Standard Storage Agreement and of the Operating Procedures in attachment D1 of the Access Code for Storage. The calculation of the Real Capacity is described in the Operating Procedures, in attachment D1 of the Access Code for Storage. 4.3. Nominations shall be made in accordance with the Operating Procedures, in order to inject, store or withdraw quantities in/from the Storage Installation. The Storage Operator may validate or reject such Nominations, in accordance with the Operating Procedures. Depending on the Operating Mode and in accordance with the Operating Procedures, the Storage Operator calculates the Injection and Withdrawal Allocations and the Gas in Storage Allocations, according to the Operating Procedures in attachment D1 of the Access Code for Storage. The Storage Operator has the right to reduce or shut off the Storage Services, in accordance with the interruption procedures in the Operating Procedures and, pursuant to Article 12.1 (a) of this attachment, with the Emergency procedure in attachment G of the Access Code for Storage.

Appears in 6 contracts

Samples: Storage Agreement, Storage Agreement, Storage Agreement

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SERVICES RIGHTS. 4.1. The Storage Operator shall, subject to all terms and conditions of the Standard Storage Agreement, for each Storage Service for the period and quantities of Natural Gas set out in the Services Confirmations in attachment 1 of the Standard Storage Agreement, offtake, store and redeliver such quantities of Natural Gas, as the Storage User may require up to a maximum rate of his Real Capacities. 4.2. During each hour of the Service Period, total or part of the Subscribed Capacities shall be available to the Storage User as Real Capacities according to the provisions of the Standard Storage Agreement and of the Operating Procedures in attachment D1 of the Access Code for Storage. The calculation of the Real Capacity is described in the Operating Procedures, in attachment D1 of the Access Code for Storage. 4.3. Nominations shall be made in accordance with the Operating Procedures, in order to inject, store or withdraw quantities in/from the Storage Installation. The Storage Operator may validate or reject such Nominations, in accordance with the Operating Procedures. Depending on the Operating Mode and in accordance with the Operating Procedures, the Storage Operator calculates the Injection and Withdrawal Allocations and the Gas in Storage Allocations, according to the Operating Procedures in attachment D1 of the Access Code for Storage. The Storage Operator has the right to reduce or shut off the Storage Services, in accordance with the interruption procedures in the Operating Procedures and, pursuant to Article 12.1 (a) of this attachment, and with the Emergency procedure in attachment G of the Access Code for Storage.

Appears in 2 contracts

Samples: Storage Agreement, Storage Agreement

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