A North Carolina Gas Storage Service Agreement is a legally binding contract between a gas storage service provider and a customer located in North Carolina. It outlines the terms and conditions under which natural gas storage services will be provided. The agreement typically covers various aspects related to the storage and withdrawal of natural gas, including the duration of the agreement, maximum storage capacity, injection and withdrawal rates, pricing and payment terms, operational procedures, and any specific terms or conditions agreed upon between the parties. Keywords related to a North Carolina Gas Storage Service Agreement may include: 1. Gas storage services: Specifies the type of services being provided, such as firm storage, interruptible storage, or seasonal storage. 2. Maximum storage capacity: Refers to the maximum volume of natural gas that can be stored by the customer at any given time. 3. Injection and withdrawal rates: Defines the rates at which the customer can inject or withdraw natural gas from the storage facility. 4. Pricing and payment terms: Outlines the charges and fees associated with the gas storage services, including storage fees, injection and withdrawal fees, and any applicable taxes. 5. Operational procedures: Describes the procedures to be followed by both the customer and the storage service provider for efficient and safe operation of the storage facility. 6. Force majeure provisions: Covers situations beyond the control of either party, such as natural disasters or labor strikes, which may impact the performance of the agreement. 7. Termination and renewal: States the conditions under which either party can terminate the agreement and outlines the process for renewal or extension of the contract. 8. Confidentiality and data sharing: Addresses the confidentiality of any proprietary or sensitive information exchanged between the parties. 9. Liability and indemnification: Allocates responsibilities and liabilities between the service provider and customer for any damages, losses, or claims arising from the agreement. 10. Dispute resolution: Specifies the process for resolving any disputes that may arise during the term of the agreement, such as mediation, arbitration, or litigation. Although there may not be different types of North Carolina Gas Storage Service Agreements, the specific terms and conditions within the agreement may vary depending on the nature of services offered, the storage facility's capabilities, and the commercial arrangements between the parties involved.
North Carolina Gas Storage Service Agreement
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How to fill out North Carolina Gas Storage Service Agreement?
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Terminal Contracts means any Contract of any Target Company for the primary purpose of providing terminal, warehouse, storage, loading and unloading and other similar services at or relating to a terminal facility.
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