Examples of Loaned Quantities in a sentence
Terminal Operator shall not implement the Lending Service and Shipper and Another Shipper shall have a right to refuse to loan its LNG if, by utilising reasonable and prudent assumptions when determining the Loaned Quantities, providing such Lending Service would lead to a stock out to Shipper or any Other Shipper taking into account maximum Send Out rights of Shipper and any Other Shipper.
Any confiscated Parked Quantities in excess of those used to offset Loaned Quantities that are deemed sold will be refunded to customers through Transporter’s fuel reimbursement factor pursuant to Section 14.12 of the General Terms and Conditions that goes into effect April 1 of each year.
In the case of established under the TDA illegal construction in a property/ies, investment initiatives and projects relating to the property/ies shall be coordinated under the CHA after its removal.
Grama will reflect such charges to Customer on Customer’s next Monthly bill and Customer’s Loaned Quantities with respect to the relevant Transaction will be decreased accordingly.
To the extent permitted or required by applicable law, Grama will report to Customer Inventory as of the property reporting date as Customer Gross Inventory less any Loaned Quantities out on loan to such Customer on that date (“Customer Taxed Inventory”), provided, however, that such Customer Taxed Inventory shall never be less than zero.
Revenue received by Transporter resulting from the deemed sale of Loaned Quantities will be used by Transporter to purchase gas to replace the gas deemed sold to the Shipper, after first taking into account any offsetting confiscated Parked Quantities that have not been reflected in Transporter’s fuel reimbursement factor.
Pursuant to the above-stated provisions of this Section 14.3, Customer shall pay to Grama an amount equal to the Extended Loaning Charge related to the Loaned Quantities that Customer has failed to return to Grama after the end of the Transaction Period.
SERVICE RESTRICTIONS AND PENALTIES (Continued) 5.3 Revenue received by Transporter resulting from the deemed sale of Loaned Quantities will be used by Transporter to purchase gas to replace the gas deemed sold to the Shipper, after first taking into account any offsetting confiscated Parked Quantities that have not been reflected in Transporter’s fuel reimbursement factor.
Grama’s election to charge Customer under the terms set forth in Section 14.3(b) will not prevent Grama from subsequently exercising its rights pursuant to Section 14.3(c) at any time such Loaned Quantities have not been re-Delivered to Grama after the end of the Transaction Period.
The Lending Service shall not be made available in the future to any Shipper or Other Shipper who has failed to deliver the entire Loaned Quantities or pay the actual losses or damages incurred by Shipper or Other Shippers who provided the Loaned Quantities.