3Pipeline Reimbursement Agreement Sample Clauses

3Pipeline Reimbursement Agreement. Upon request of Xxxxxxx, Xxxxxxxx must prepare and deliver to Shipper an estimate of the costs to connect such Rejected Well. If Xxxxxxx agrees to execute a Pipeline Reimbursement Agreement in the form attached as Exhibit E (“PRA”) covering the connection of the Rejected Well based on the costs set forth in Gatherer’s estimate, Xxxxxxxx must enter into the PRA with Shipper and connect the Rejected Well within twenty-four (24) months from the Parties’ execution of the relevant PRA. If Gatherer fails to connect such Rejected Well within such twenty-four (24) month period, then in such case, Shipper shall receive a Late Connection Discount applied to all volumes of Gas delivered to the System from said Rejected Well for a number of Days equal to the product of the number of days between the date that is twenty-four (24) months from the Parties’ execution of the relevant PRA and the date on which the connection is available to take Gas from the Rejected Well multiplied by two (2), which fee reduction shall be applied beginning on the date of first production for such well.
AutoNDA by SimpleDocs

Related to 3Pipeline Reimbursement Agreement

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!