Gas Transfer definition
Examples of Gas Transfer in a sentence
The Interconnected Party may terminate an OBA at a Receipt Point on the expiry of not less than 40 Business Days’ notice in writing to First Gas and all Shippers receiving Gas at that Receipt Point, provided that all those Shippers must sign a Gas Transfer Agreement before the OBA terminates.
Unless an OBA applies, the Interconnected Party shall ensure there is a Gas Transfer Agreement in place in respect of each Receipt Point.
All costs and expenses of transporting and delivering the Gas to the Gas Transfer Point shall be borne by Powerex and all costs and expenses of transporting the Gas beyond the Gas Transfer Point shall be borne by B.C. Hydro, including all reservation, demand and other charges.
The parties agree that the pricing methodology for determining the Electricity Transfer Price is as set forth in Appendix A and the Gas Transfer Price is as set forth in Appendix B.
Possession of, title to and all risk of loss respecting the Gas delivered under this Agreement shall pass from Powerex to B.C. Hydro at the applicable Gas Transfer Point, unless Powerex in its sole discretion elects to deliver Gas directly to B.C. Hydro at the Gas Delivery Point in which case title and all risk of loss shall pass from Powerex to B.C. Hydro at the Gas Delivery Point.
For purposes of this Section 16, “Dispute” means any dispute that arises under or in connection with this Agreement and includes any failure to agree upon the Electricity Transfer Price, the Gas Transfer Price or the amounts contemplated by Section 6.2 or any of the factors that go into determining such prices.
For the purposes of this section 3.2, “constant rate” means an average Hourly energy quantity equivalent to 1/24th of the most recent quantity of Gas the Interconnected Party has agreed with Shippers to inject on that Day, whether under a Gas Transfer Agreement or an OBA.
Hydro shall be responsible for obtaining all third-party Gas transportation and storage capacity required to deliver B.C. Hydro’s Domestic Gas Requirements from the Gas Transfer Point to the applicable Gas Delivery Point (such transportation and storage capacity referred to herein as the “Transportation Capacity”), unless Powerex in its sole discretion elects to deliver Gas directly to B.C. Hydro at the Gas Delivery Point.
Inadequate Inputs Where the Inputs for the Transferee are not provided to or received in full by the Gas Transfer Agent within the required times or if they contain any deficiency that prevents a transferin accordance with the Primary Rule and/or any other relevant Default Rule, then S = 0 (or, if otherwise agreed by the relevant persons who provided input data and the Gas Transfer Agent, the value of “S” as so agreed).
It is specifically agreed by the Parties that the sole and exclusive remedies and damages available to Operator for any Claims relating to the temporary suspension or permanent cessation of Operator’s Oil and Gas Operations due to Owner’s exercise of its Reserved Rights are set forth in the Oil and Gas Transfer Documents.