DOWNSTREAM RELEASED FIRM TRANSPORTATION Sample Clauses

DOWNSTREAM RELEASED FIRM TRANSPORTATION. In the event (i) NGC is the replacement shipper under a firm transportation service agreement released by CUSA to NGC and covering transportation upstream of the point at which the applicable Published Index Price is determined; (ii) such firm transportation service agreement expires or is subject to termination by NGC or CUSA during the term of this Agreement; and (iii) an alternate Published Index Price is available at a point upstream of the point at which the then current Published Index Price is determined, the following procedure shall apply. NGC shall enter into negotiations with the Transporter for the purpose of obtaining the rate applicable to the rollover, extension or renewal, as the case may be, of the firm transportation service agreement. CUSA shall have the option to approve the new rate, in which case the firm transportation service agreement will be extended or renewed and the Published Index Price shall remain the same and the Adjustment attributable to the firm transportation service agreement will equal the new rate, or not approve the new rate, in which case the point at which the Published Index Price is determined shall move upstream to the appropriate point. In the latter case, NGC shall be entitled to enter into the new firm transportation service agreement at a rate equal to or higher than the rate CUSA elected not to approve. In the event CUSA elects not to approve the new rate, the foregoing procedure shall not apply to subsequent instances where a firm transportation service agreement expires or is subject to termination.
Sample 1
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DOWNSTREAM RELEASED FIRM TRANSPORTATION. 16 4.7 Mid-Month Increases........................................ 16 4.8 Mid-Month Decreases...,,,,,................................ 18 4.9 Commodity Price of Curtailed Sources of Supply............. 20 4.10
Sample 1

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