Related to Subject and Object of Concession

Subject of Contract 1. The subject of this Contract is the Storage Operator’s commitment to store the agreed quantity of natural gas under the agreed terms on the one hand, and the Storage User’s commitment to deliver and take the agreed quantity of natural gas intended for storage under the agreed terms and to pay the contract price for storage on the other hand.
Damage to State Property A. In the event of loss, destruction, or damage to any System Agency or State of Texas owned, leased, or occupied property or equipment by Grantee or Grantee’s employees, agents, Subcontractors, or suppliers, Grantee shall be liable to System Agency and the State of Texas for the full cost of repair, reconstruction, or replacement of the lost, destroyed, or damaged property.

Subject and Object of Concession Sample Clauses