USD 2 0.02/MMBtu times the short drop volume. The volume of empty acquisition is defined as the positive differences between the annual volume (80,000 MMBtu/D times the number of days in the contract year) minus the volume actually acquired as sales or transport volume during this contract year. Service by Seller: Delivery Point: In the event that the seller and carriers provide quantities of unsted natural gas for delivery, as noted above, for some reason other than force majeure or non-acceptance of the natural gas supply, (i) Carrier will provide its pipeline facilities for third-party transportation and (ii) seller will reimburse the buyer for his additional costs for receiving another delivery, depending on the case. The delivery point (delivery point) for the gas sold below is located on the entrance to the buyer`s reception facilities located below the proposed measuring station on or on the plant site. The security and the risk of loss pass at the point of delivery. Sale: The price of gas delivered during a given month of primary life is the price of the index defined as the Spot Gas Price per MMBtu, Houston Ship Channel/Beaumont, Texas Index (Large Packages Only), as published in the first edition of each month by Inside F.E.R.C s Gas Market Report of McGraw Hill, minus USD 0.02/MMBtu (the contract price). The price during the five-year extension period is agreed by mutual agreement between the buyer and the seller. For quantities collected during a day exceeding the daily amount of operational swing, the sale price is the sale price booked the next day as Houston Ship Channel Midpoint, as reported in Gas Daily in the Daily Price Survey, East Houston-Katy, by Pasha Publications, Inc. (Daily Price). On each day when the buyer does not buy 90% of the monthly amount of the nomination, the buyer must reimburse the seller for the positive difference, if any, between the contract price and the MMBtu difference) between 90% of the monthly nomination quantity and the amount actually purchased that day. During commissioning and control of the facility prior to commercial operation, the price of the gas sold is the daily price. From time to time, sellers and buyers can set the price of gas. The fixed price is based on transactions in the financial markets at that time and contains a fixed price, volume and period.
2 In the event of a material change in the buyer`s financial situation, the supplier has the right to change the terms of credit, cancel one or more product deliveries and/or withhold product deliveries, but such a measure does not absolve the buyer of its obligation to accept and pay for the remaining parts of the product when delivered by the buyer. Terms of Purchase Beloit College Accounting Office 608-363-2205 (Tim Miles Controller) 608-363-2206 (Deb Sperry Accounts Payable) 608-363-2897 (Fax) The purpose of these terms The supplier may terminate this contract immediately, if the buyer does not pay the amounts due within thirty (30) calendar days following receipt of the notification.