Reallocation of Receipt Point MDQ Sample Clauses

Reallocation of Receipt Point MDQ. ‌ (a) Subject to clauses 27.3(b) through 27.3(d), User may request a reallocation of some of its Contracted Receipt Point MDQ from and existing Receipt Point (Existing Receipt Point) to another Receipt Point (Alternate Receipt Point) (referred to as a Receipt Point Reallocation) by making a request to Service Provider in writing, provided that no amount can be allocated to a Notional Receipt Point.‌ (b) Subject to clauses 27.3(c) and 27.3(d), Service Provider will agree to and will implement the Reallocation as soon as reasonably practicable after the request from User is made (and, in any event, not later than 30 Days after that request is made), provided that:‌ (i) unless otherwise agreed by the Parties in writing: (A) User has not requested a Receipt Point Allocation more than once in any one Year period commencing 1 January of that Year; (B) the Receipt Point Reallocation is from a Southern Haul Receipt Point to a Northern Haul Receipt Point or vice versa; (C) the Receipt Point Reallocation is for the entire amount of the existing Contracted Receipt Point MDQ; or (D) the Receipt Point Reallocation is for a minimum term of one Year commencing 1 January following the request; (ii) it is technically and operationally feasible for Service Provider to undertake the requested Receipt Point Reallocation and any such Receipt Point Reallocation does not result in a breach by Service Provider of any legal or other regulatory requirements; (iii) there is adequate available Capacity at the Alternate Receipt Point for Service Provider to undertake the requested Receipt Point Reallocation; (iv) User agrees that, after Service Provider implements the requested Receipt Point Reallocation, User will continue to pay, as a minimum, the tariffs and charges paid by User under the terms of this Agreement immediately prior to Service Provider implementing the requested Receipt Point Reallocation; and (v) User agrees to pay any reasonable additional charges (including, any additional lateral or delivery point charges associated with implementing the requested Receipt Point Reallocation) necessary for Service Provider to recover the additional costs (if any) of operating the Pipeline System or the Alternate Receipt Point, which additional charges will be reasonably incurred by Service Provider as the result of the requested Receipt Point Reallocation including any applicable capital cost rebates. Service Provider can levy these additional costs as a lump sum, periodic payment ...
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Related to Reallocation of Receipt Point MDQ

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  • Allocation of Recovery Under the Bond In the event Actual Loss is suffered by any two or more of the Funds, any recovery under the Bond will be allocated among such Funds in the following manner: a. If the Fidelity Coverage exceeds or is equal to the amount of the combined Actual Losses of the Funds suffering Actual Loss, then each such Fund shall be entitled to recover the amount of its Actual Loss. b. If the amount of Actual Loss of each Fund suffering Actual Loss exceeds its Minimum Coverage Requirement and the amount of the Funds' combined Actual Losses exceeds the Fidelity Coverage, then each Fund shall be entitled to recover (i) its Minimum Coverage Requirement, and (ii) to the extent there exists Excess Coverage, the proportion of the Excess Coverage which its Minimum Coverage Requirement bears to the amount of the combined Minimum Coverage Requirements of the Funds suffering Actual Loss; provided, however, that if the Actual Loss of any of such Funds is less than the sum of (i) and (ii) of this subpart (b), then such difference shall be recoverable by the other Funds in proportion to their relative Minimum Coverage Requirements. c. If (i) the amount of Actual Loss suffered by any Fund is less than or equal to its Minimum Coverage Requirement, (ii) the amount of Actual Loss of the other Funds exceeds its or their Minimum Coverage Requirement(s) and (iii) the amount of the combined Actual Losses of the Funds exceeds the Fidelity Coverage, then any Fund which has suffered an amount of Actual Loss less than or equal to its Minimum Coverage Requirement shall be entitled to recover its Actual Loss. If only one other Fund has suffered Actual Loss, it shall be entitled to recover the amount of the Fidelity Coverage remaining. If more than one other Fund has suffered Actual Loss in excess of the remaining coverage, they shall allocate such remaining coverage in accordance with Section III(b) of this Agreement.

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