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LSDefine

Simple English definitions for legal terms

makeup gas

Read a random definition: donative

A quick definition of makeup gas:

Makeup gas: Natural gas that has been paid for but will be delivered in the future. It's like buying a toy now but getting it delivered later. This is usually done through a take-or-pay contract, which is an agreement between two or more parties that creates enforceable obligations.

A more thorough explanation:

Definition: Makeup gas refers to natural gas that has been paid for by the purchaser under a take-or-pay contract but is to be delivered in the years following payment.

Example: A company enters into a take-or-pay contract with a natural gas supplier. The company pays for a certain amount of natural gas upfront, but the supplier is not able to deliver all of it immediately. The remaining gas that the supplier will deliver in the future is called makeup gas.

This example illustrates how makeup gas is a term used in the oil and gas industry to refer to natural gas that has been paid for but not yet delivered. It is a way for companies to secure a supply of natural gas for future use.

make purpart | make-whole doctrine

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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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