Common use of Subject of Contract Clause in Contracts

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. 2. Storage capacity as per this Contract has been booked based on the confirmed results of an auction held on organized by the Storage Operator in accordance with the terms and conditions of an auction (hereinafter also referred to as the "Auction"), wherewith the Storage User has become acquainted and has consented to (hereinafter also referred to as the "Auction Terms and Conditions" – Annex No. 2 of this Contract).

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. 2. Storage capacity as per this Contract has been booked based on the confirmed results of an auction held on ………………. organized by the Storage Operator in accordance with the terms and conditions of an auction (hereinafter also referred to as the "Auction"), wherewith the Storage User has become acquainted and has consented to (hereinafter also referred to as the "Auction Terms and Conditions" – Annex No. 2 of this Contract).

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. 2. Storage capacity as per this Contract has been booked based on the confirmed results of an auction held on organized by the Storage Operator in accordance with the terms and conditions of an auction (hereinafter also referred to as the "Auction"), wherewith the Storage User has become acquainted and has consented to (hereinafter also referred to as the "Auction Terms and Conditions" – Annex No. 2 of this Contract).