Common use of Effective Date and Term of Precedent Agreement Clause in Contracts

Effective Date and Term of Precedent Agreement. This Precedent Agreement is effective as of the date first stated above and shall remain in effect until the earlier of (a) the execution of a TSA for each of the Expansion Firm Services awarded to Shipper through the Open Season and set out in this Precedent Agreement; or (b) the date specified in accordance with either Xxxxxxx’s or Transporter’s exercise of its termination rights pursuant to this Precedent Agreement. Where Shipper and Transporter execute a TSA, the TSA shall terminate on October 31 of the year in which the TSA is stated to terminate.

Effective Date and Term of Precedent Agreement. This Precedent Agreement is effective as of the date first stated above and shall remain in effect until the earlier of (a) the execution of a TSA for each of the Expansion Firm Services awarded to Shipper through the Open Season and set out in this Precedent Agreement; or (b) the date specified in accordance with either XxxxxxxShipper’s or Transporter’s exercise of its termination rights pursuant to this Precedent Agreement. Where Shipper and Transporter execute a TSA, the TSA shall terminate on October 31 of the year in which the TSA is stated to terminate.