STORAGE LOSSES Sample Clauses

STORAGE LOSSES. Product tank storage losses and gains are for the Host's account.
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STORAGE LOSSES. Licensee shall bear its pro rata share of monthly evaporation and seepage losses from Xxxxxxxxxx Reservoir, based upon the amount of Licensee’s Water stored in the Licensed Storage Space compared to total water stored in Xxxxxxxxxx Reservoir over the subject month. CS-U shall provide Licensee with monthly storage data for Licensee’s reporting obligations to the Division of Water Resources (“DWR”).
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STORAGE LOSSES. 9.2.1. Tank storage losses and gains are for the Host account.
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STORAGE LOSSES. Pursuant to Section 5.2(b)(xii) of the so-called Peace Agreement dated June 29, 2000 (the “Peace Agreement”) and Section 7.4 of the so-called Peace II Agreement dated October 25, 2007 (the “Peace II Agreement”), the Watermaster Board has imposed a 2% annual storage loss on water held in local storage by members of the NAP Committee and the AP Committee at all times during the five-year period from July 1, 2007 through June 30, 2012. The Parties agree that the total annual storage losses for such five-year period is 273.403 acre feet. Pursuant to this Agreement, CSI, on the one hand, and the members of the AP Committee, on the other hand, shall share equally the storage losses, with CSI being debited 136.7015 acre feet of the storage losses, and the AP Committee being debited 136.7015 acre feet of the storage losses. The Parties acknowledge that Watermaster staff has, in its assessment packages and annual reports published prior to the date hereof for such five-year period, debited the entirety of the 2% annual storage loss against CSI’s storage accounts and that, in order to effectuate the foregoing allocation of the storage losses between CSI and the AP Committee for such five- year period, the Parties agree that the credit to its local storage account that CSI shall be entitled to receive, as of June 30, 2012, is 136.7015 acre feet. Watermaster’s Fiscal Year 2012-2013 Assessment Package will show 136.7015 acre feet shall be debited against the quantity of Pre-2007 Storage Water sold and transferred to Watermaster by other NAP Committee members pursuant to a separate Settlement Agreement dated April 18, 2012, to effectuate the loss sharing by the AP Committee pursuant to this paragraph..
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STORAGE LOSSES. Tank storage losses and gains are for the Host’s account volume exceeding 0.25%
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Related to STORAGE LOSSES

  • Losses After giving effect to the special allocations in Section 3.3 and 3.4 hereof, Losses for any Fiscal Year shall be allocated among the Unit Holders in proportion to Units held.

  • Liability for loss or damage Subject to the provisions of the Occupiers Liability Act 1957 and the Defective Premises Act 1972, we shall not in any circumstances incur any liability in respect of loss or damage to any person or property or otherwise, unless the loss or damage was caused by our negligence.

  • PROFITS/LOSSES For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Liability for Loss If Included Timber is destroyed or damaged by an unexpected event that significantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses after removal of timber from Sale Area, but before Scaling, shall be borne by Purchaser at Current Contract Rates and Required Deposits. Deterioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33. In the event Included Timber to which Forest Service holds title is destroyed, Purchaser will not be obligated to remove and pay for such timber. In the event Included Timber to which Forest Service holds title is damaged, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber immediately prior to the value loss and the appraised unit value of timber after the loss. Current Contract Rates in effect at the time of the value loss shall be adjusted by differences to become the redetermined rates. There shall be no obligation for Forest Service to supply, or for Purchaser to accept and pay for, other timber in lieu of that destroyed or damaged. This Subsection shall not be construed to relieve either party of liability for negligence.

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