Examples of CT Agreement in a sentence
The Parties agree that the aggregate liability of the Shipper or Transporter for failure to tender Gas which conforms to the Specifications in any Contract Year in respect of a CT Agreement shall not exceed the Transmission Rate multiplied by the relevant CT Redelivery Point MDQ multiplied by the number of Days in the applicable Contract Year multiplied by 0.2.
In case of non execution of the CT Agreement due to reasons solely attributable to the Buyer the Exchange may cancel the trade.
Such sums which shall be the subject to this Clause 8.12 may include amounts due but which have not been invoiced under a CT Agreement.
Booked Capacity shall be as per the CT Agreement between Buyer/Seller and Transporter.
Termination of the GTA for reasons including Force Majeure, as defined in the GTA and/or the CT Agreement, consequences of change in law whereby the Transporter is prevented from providing delivery of gas at the Exit Point.
The entity requesting such cancellation shall be liable to bear any charges imposed by Transporter on the Exchange under the terms of the GTA and/or CT Agreement.
Impact on delivery including, reduction in quantities or curtailment of gas accepted at the Entry Point or delivered at the Exit Point due to maintenance activities, planned works being undertaken by the Transporter in accordance with the terms of the GTA and/or the Operating Code or due to any force majeure events or any such event specified in the GTA and/or the CT Agreement.
Whenever the Exchange receives the credit of liquidated damages from the Transporter due to the Transporter delivering Off-Spec gas at the Exit Point or for any other reason specified under the GTA or the CT Agreement, the benefit of such liquidated damages will be passed on to respective Buyer, as the case may be upon the receipt of the credit by the Exchange.
The physical delivery of Contracts will be as per the Access Code Regulations and all its subsequent amendments, detailed procedure under the Access Code and the GTA signed with Transporter (including CT Agreement) and related Operating Code.
Seller and Buyer shall perform all relevant responsibilities so that the Exchange in Delivered Transactions and Buyer in case of Ex-Hub Transactions can perform its obligations as per the GTA and CT Agreement entered into with the Transporter.