Examples of Storage operator in a sentence
Loaned gas shall be delivered to the Storage User by the Storage Operator by transfer the amount of the loaned gas to the Storage User´s balance account no later than the beginning of the Loan Period.
In case of return of gas that is outside the Storage Operator's storage facility, the Storage Operator shall return the gas without undue delay within 5 days of termination of the Contract.
If the Storage User breaches the obligation to provide the Additional security pursuant to Article 3 on time and in the required amount, the Storage Operator shall be entitled to demand from the Storage User the payment of a contractual penalty of 10% of the amount determined as the product of the total quantity of loaned gas and the price of the Comparator Product determined on the business day preceding the date of the notice of the contractual penalty plus 3 €/MWh.
Paragraph 1 or Paragraph 4 on time and in the required amount, the Storage Operator is entitled to demand from the Storage User the payment of a contractual penalty of 10% of the amount determined as the product of the total quantity of loaned gas and the price of the Comparator Product determined as of the business day preceding the date of the notice of the contractual penalty was sent.
The Storage Operator may refuse the gas transfer, if the transfer would result in a failure to meet the Financial security conditions under Article VIII.