Storage Withdrawals Sample Clauses
Storage Withdrawals. The Counterparty Storage Account shall be established and invoiced (on paper) at a withdrawal level equal to eighty-five percent (85%) of the Counterparty Storage Volume each winter. Monthly withdrawal percentages are identified in Exhibit D1. The price for the SVWVS quantity of Baseload Gas delivered to Counterparty each Month will equal the Weighted Average Storage Variable Costs for withdrawals. The remaining inventory of ten percent (10%) will be reserved and said levels will be in place (on paper) on April 1. This reserve, hereto referred to as Storage Reserve, shall be a logical (contractual) position in the Counterparty Storage Account. Manager shall manage all withdrawal levels within the operating guidelines of the pipeline ratchet requirements. During the Months of November through March, Manager shall invoice the Counterparty a ratable daily amount of Baseload Gas over the respective month according to the schedule in Exhibit D1, including appropriate storage withdrawal charges as reflected in Exhibit H. For the initial withdrawal season, the percentages in Exhibit D1 shall be proportionally adjusted to reflect a physical storage volume differing from the Initial Storage Inventory.
Storage Withdrawals. An amount calculated by multiplying the total volume of gas withdrawn from storage during the month by the AWACOG for the month that the gas was injected into storage. This is in accordance with the first-in first-out methodology for valuing working gas in storage.
Storage Withdrawals. The Counterparty’s Virtual Storage Account shall be established and invoiced (on paper) at a withdrawal level equal to eighty-five percent (85%) of the Counterparty Storage Volume each winter. Monthly withdrawal percentages are identified in Exhibit D1. The price for the SVWVS quantity of Baseload Gas delivered to Counterparty each Month will equal the Weighted Average Storage Variable Costs for withdrawals. The remaining inventory of ten percent (10%) will be reserved and said levels will be in place (on paper) on April 1 of each year. This reserve, hereto referred to as Storage Reserve, shall be a logical (contractual) position in the Counterparty’s Virtual Storage Account. Manager shall manage all withdrawal levels within the operating guidelines of the Excluded Storage Facility ratchet requirements. During the Months of November through March, Manager shall invoice the Counterparty a ratable daily amount of Baseload Gas over the respective month according to the schedule in Exhibit D1, including appropriate storage withdrawal charges as reflected in Exhibit H.