Natural Gas Inventory definition

Natural Gas Inventory means the physical inventory of fungible, marketable natural gas that is usable and salable in the Ordinary Course of Business and included as part of the Purchased Assets, which physical inventory shall be determined in the manner specified on Schedule I attached hereto.
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Natural Gas Inventory. “ means working natural gas reduced by the volume in MMBtu of any exchange balances and increased or reduced by any pipeline imbalances.
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Natural Gas Inventory means the physical inventory of fungible, marketable natural gas that is usable and salable in the Ordinary
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Examples of Natural Gas Inventory in a sentence

  • The quantity of Natural Gas Inventory is not excessive, but is reasonable in the present circumstances of Sellers and the conduct of the Business in the Ordinary Course of Business.

  • All Natural Gas Inventory is owned by Sellers free and clear of all Encumbrances, and no Natural Gas Inventory is held on a consignment basis.

  • The aggregate purchase price for the Purchased Assets shall be (i) Twenty Two Million Dollars ($22,000,000), plus (ii) the Natural Gas Inventory Amount, plus (iii) the Security Deposit Amount, plus (iv) the assumption of the Assumed Liabilities.

  • The Purchase Price shall be subject to adjustment as set forth in subsection (b), below, and in Section 2.08 and, with respect to the Natural Gas Inventory Amount, as set forth on Schedule III.

  • All Natural Gas Inventory consists of a quality and quantity usable and salable in the Ordinary Course of Business.

  • An amount equal to the Market Value of the Natural Gas Inventory owned by Sellers as of the Estimate Date.

  • By: _________________________________________ Name: ______________________________________ Title: MAHONIA NATURAL GAS LIMITED By: _________________________________________ Name: ______________________________________ Title: _______________________________________ [Signature Page - Natural Gas Inventory Forward Sale Contract between Enron North America Corp.

  • All Natural Gas Inventory is owned by Seller free and clear of all Encumbrances, and no Natural Gas Inventory is held on a consignment basis.


More Definitions of Natural Gas Inventory

Natural Gas Inventory means at the time in question, the Company's and its Subsidiaries' inventory of natural gas in storage.
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Related to Natural Gas Inventory

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Solid film lubricant means a very thin coating consisting of a binder system containing as its chief pigment material one or more of molybdenum disulfide, graphite, polytetrafluoroethylene (PTFE) or other solids that act as a dry lubricant between faying surfaces.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.