Examples of Parking and Loaning in a sentence
On any such Day, Shipper shall have the right to make a request for a Parking and Loaning arrangement pursuant to Section 5 or 6.
If Shipper elects not to make a request, then the quantity not taken away from the Delivery Point shall be sold to Transporter at 50% of the lowest midpoint MichCon City Gate price as published in Gas Daily or an acceptable successor publication during the Month Shipper elects not to subscribe to Parking and Loaning Service and the Month immediately thereafter.
If Shipper is not a party to a Parking and Loaning Service Agreement, such request shall be treated as a request to enter into a Parking and Loaning Service Agreement.
Subject to Transporter having available capacity and Shipper meeting the eligibility requirements set forth in this Tariff, Transporter shall offer Parking and Loaning Service to Shippers on a non-discriminatory basis in accordance with this Tariff.
If Transporter elects to seize Gas as described in (1) or (3) above, then Transporter must inform Shipper as to: (a) the specific Shipper Storage Account or Parking and Loaning Account from which Gas will be seized, (b) the specific quantity of Gas to be seized from that Account; and (c) the effective Gas Day that such Gas will be seized by Transporter.
Shipper shall submit a request for Parking and Loaning Service to Transporter, and Transporter shall respond to such request in accordance with Section 9.
Alternatively, the rate for Parking and Loaning Service may be charged as a daily injection rate per Dth of Gas injected by Transporter into Shipper’s Parking and Loaning Account or a daily withdrawal rate per Dth of Gas withdrawn by Transporter from Shipper’s Parking and Loaning Account, provided the total charge does not exceed the Maximum Usage Rate per Dth per Day times the Gas Parked or Loaned at the end of each Day as reflected in Shipper’s Parking and Loaning Account.
On any such Day, Shipper shall have the right to make a request for a Parking and Loaning arrangement pursuant to Section 3.
Parking and Loaning Service may be provided on an interruptible basis using Transporter’s Operational Gas Quantities, subject to curtailment pursuant to Section 1 5 of this Tariff in order to protect Transporter’s ability to provide receipts and deliveries pursuant to Transporter’s firm storage services.
No separate hub transportation service is required in conjunction with a Parking and Loaning Service because such transportation service is included as part of this Parking and Loaning service.