GAS SUPPLY HUB EXCHANGE AGREEMENT

Billing Period means the period commencing at the start of the Gas Day starting on the first day of the month and ending at the end of the Gas Day starting on the last day of the month. [...] Buyer, in relation to a Transaction, means (where the Commodity is a good) the person with an obligation to accept a quantity of Commodity made available for delivery or (where the Commodity is a service, including capacity), the person with an obligation to accept the transfer of the right to use the service. [...] Delivering Participant means, in relation to a Delivery Quantity for Physical Gas: − where Delivery Netting applies, the Trading Participant determined to be the Delivering Participant under clause 14.7; − in the case of a Location Swap, the Buyer in relation to the Swap Receipt Point and the Seller in relation to the Swap Delivery Point; and − otherwise, the Seller under the relevant Transaction. [...] Location Swap means any Product for which the terms require: − the Buyer to deliver and the Seller to accept a specified quantity of gas at the Swap Receipt Point over the Delivery Period; and − the Seller to deliver and the Buyer to accept the same quantity of gas at the Swap Delivery Point over the same Delivery Period. [...] Receiving Participant means, in relation to a Delivery Quantity for Physical Gas: − where Delivery Netting applies, the Trading Participant determined to be the Receiving Participant under clause 14.7; − in the case of a Location Swap, the Buyer in relation to the Swap Delivery Point and the Seller in relation to the Swap Receipt Point; and − otherwise, the Buyer under the relevant Transaction.