XML 84 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies
3 Months Ended
Jun. 30, 2013
Commitments and Contingencies  
Commitments and Contingencies

 

 

2. Commitments and Contingencies

 

Commitments

 

Niska Partners has entered into non-cancelable operating leases for office space, land use rights at its operating facilities, storage capacity at other facilities, equipment, and vehicles used in its operations. The remaining lease terms expire between December 2013 and August 2056 and require the payment of taxes, insurance and maintenance by the lessee.

 

Contingencies

 

Niska Partners and its subsidiaries are subject to various legal proceedings and actions arising in the normal course of business. While the outcome of such legal proceedings and actions cannot be predicted with certainty, it is the view of management that the resolution of such proceedings and actions will not have a material impact on Niska Partners’ unaudited consolidated financial position or results of operations.