Storage Inventory definition

Storage Inventory means the quantity of working Gas, expressed in Dths, that a Customer has in place in ASC’s storage facilities for Customer’s account.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Storage Inventory means the quantity of Working Gas, expressed in Dths, which a Customer has in place in the CADEVILLE STORAGE FACILITY for Customer’s account pursuant to a Service Agreement, provided that the Storage Inventory shall never exceed Customer’s Maximum Storage Quantity as specified in the applicable Service Agreement.

Storage Inventory means the quantity of Gas, expressed in Dths, in Customer’s storage inventory account under any Rate Schedule.

Examples of Storage Inventory in a sentence

If the volume of Gas physically present is more than the Counterparty Storage Inventory, then Counterparty, at its option, may either pay for the Gas in place, at the Gas Daily price for the applicable area on the date of termination, or require Manager to remove the Gas within thirty (30) days of the date of termination via in place transfer to a third party or withdrawal.
For the initial withdrawal season, the percentages in Exhibit D1 shall be proportionally adjusted to reflect a physical storage volume differing from the Initial Storage Inventory.
The Agent shall be entitled to conclusively rely on any such direction or consent from the Note Requisite Holders.
On demand on any Day, Operator shall withdraw from Customer’s Storage Inventory and deliver to Customer a quantity of gas up to Customer’s Maximum Daily Withdrawal Quantity (“MDWQ”) as set forth on the schedule in Exhibits A and B attached hereto.
For incremental assignments, the quantity of incremental inventories to be transferred from the Company to the Supplier shall be determined by multiplying the incremental Underground Storage Capacity assigned to the Supplier on the Assignment Date, times the applicable Storage Inventory Percentage described in Section 13.8.5. The Supplier shall be charged the Company’s weighted average cost of inventories in off-system storage facilities for each Dekatherm transferred from the Company to the Supplier.

More Definitions of Storage Inventory

Storage Inventory means the quantity of gas in Dth that a Customer has in place at Operator’s storage facilities for Customer’s account, provided that the Storage Inventory shall never exceed Customer’s Maximum Storage Quantity.

Storage Inventory means the quantity of Gas in MMBtu that a Shipper has in place at Hill- Lake’s storage Facilities for Shipper’s account, provided that the Storage Inventory shall never exceed Shipper’s Maximum Storage Quantity.

Storage Inventory means the quantity of Gas, expressed in Dth, stored in Egan Hub's storage facilities for Customer's account.

Storage Inventory means the quantity of Gas, expressed in Dth, that a Customer has in place in Steckman Ridge's storage facilities for Customer's account.

Storage Inventory means the quantity of Working Gas, expressed in Dth, that a Customer has in place in Freebird’s Storage Facilities for Customer’s account, provided that the Storage Inventory shall never exceed Customer’s Maximum StorageQuantity.

Storage Inventory means the quantity of working Gas, expressed in Dths that a Customer has in place in Company's storage facilities for Customer's account.

Storage Inventory means the quantity of Working Gas, expressed