Storage Account means, for accounting purposes, the account maintained by Transporter into which Shipper nominates Gas for injection or withdrawal under a Service Agreement for Storage Service. The Storage Account may not have a negative balance.
Storage Account means, for accounting purposes, the account maintained by Owner into which Customer nominates Gas for injection or from which Customer nominates Gas for withdrawal under a Service Agreement. The Storage Account may not have a negative balance.
Storage Account means a Storage Account as defined in the Technical Conditions.
Examples of Storage Account in a sentence
The Storage Facility may be the Point of Delivery only with the permission of the Seller and in case that the Buyer has sufficient free storage capacity in its Storage Account under any Gas Storage Agreement concluded between the Seller and the Buyer.
The Seller provides information upon the request of the Buyer about its technical capabilities to supply natural gas to the Buyer’s Storage Account in the Storage Facility, at the latest fifteen (15) days prior to the beginning of the relevant month for the supply of natural gas.
More Definitions of Storage Account
Storage Account means the record maintained by the Company to account for the net quantity of gas maintained in storage by the Company on behalf of the Customer in accordance with this Agreement.
Storage Account means a net volume of artificially recharged groundwater which is calculated for a single recharge activity from a formula specified in a single recharge permit which records additions to a groundwater reservoir by artificial recharge and depletions from a groundwater reservoir by pumping and natural losses.
Storage Account means a separate account maintained by the SSO for each Customer and each Gas Storage Agreement, where the current gas quantity stored in the Storage Facility for the respective Customer is recorded;
Storage Account means the CUSTOMER's Gas balance with COMPANY, being the quantity of Gas received by COMPANY for CUSTOMER's account less the quantity of Gas delivered to CUSTOMER by COMPANY.
Storage Account means the account kept by the SSO for each Customer and generally for each Gas Storage Agreement separately, unless agreed otherwise, which contains and shows the Customer's current gas stock levels, allocated Working Volume to the Customer and the associated maximum Injection Rate and maximum Withdrawal Rate at the beginning of the next Gas Day;
Storage Account means the account maintained by Seller for each Contract Year reflecting the net balance from time to time of Storage Input Quantities and Storage Output Quantities.
Storage Account means, for accounting purposes, the account maintained by Transporter into which Shipper nominates Gas for injection and from which Shipper nominates Gas for withdrawal under a Service Agreement for Storage service. The Storage Account may not have a negative balance.