Common use of General Negotiated Rate Limitations Clause in Contracts

General Negotiated Rate Limitations. The Negotiated Rates for Zone 1 and Zone 2: (i) service provided to Shipper by MEP from the Eligible Receipt Points to the Eligible Delivery Points during the Negotiated Rate Term; and (ii) an aggregate maximum daily firm transportation quantity equal to the Eligible Firm Transportation Quantity set forth in Article 1.3 above, for all quantities transported on a firm basis under the Transportation Agreement. For any aggregate quantities transported on a firm basis on any day for Shipper which: (i) are in excess of the applicable Eligible Firm Transportation Quantity; or (ii) involve any receipt or delivery points which are not Eligible Receipt or Delivery Points, Shipper shall be charged the greater of: (a) the 100% load factor daily rate equivalent of the Shipper's applicable Negotiated Rates for Zone 1, Zone 2; and (b) the 100% load factor daily rate equivalent of the applicable maximum base reservation and base commodity rates set forth in MEP’s Tariff, as well as all applicable additional rates, charges and surcharges described in Article 2.2 below.

Appears in 2 contracts

Samples: Negotiated Rate Agreement, Negotiated Rate Agreement

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General Negotiated Rate Limitations. The Negotiated Rates for Zone 1 and Zone 2shall apply only to: (i) service provided to Shipper by MEP Natural under the Transportation Agreement from the Eligible Receipt Points to the Eligible Delivery Points (including Incremental Rate Secondary Delivery Points defined in Section 1.8, above) during the Negotiated Rate Term; and (ii) an aggregate maximum daily firm transportation quantity equal to the Eligible Firm Transportation Quantity set forth in Article Section 1.3 above, for all quantities transported on a firm basis under the Transportation AgreementAgreement and any associated capacity release replacement agreements. For any aggregate quantities transported on a firm basis on any day for Shipper which: (i) and any associated capacity release replacement shippers which are in excess of the applicable Eligible Firm Transportation Quantity; or (ii) involve any receipt or delivery points which are not Eligible Receipt or Delivery Points, Shipper shall be charged the greater of: (a) the 100% load factor daily rate equivalent of the Shipper's applicable Negotiated Rates for Zone 1, Zone 2Rates; and (b) the 100% load factor daily rate equivalent of the applicable maximum base reservation and base commodity rates set forth in MEP’s Natural's FERC Gas Tariff, as may be revised from time to time, as well as all applicable additional rates, charges and surcharges described in Article 2.2 Section 2.3 below.

Appears in 2 contracts

Samples: Consent for Execution of Precedent Agreement (Cheniere Energy Inc), Consent for Execution of Precedent Agreement (Cheniere Corpus Christi Holdings, LLC)

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