Common use of Replacement of NGC Assets Clause in Contracts

Replacement of NGC Assets. Appendix A specifies the age of each of the NGC Assets at the Connection Site at the date of this Supplemental Agreement. NGC Connection Charges and Use of System Charges are calculated on the assumption that NGC Assets will not require replacement until the expiry of the Replacement Period applicable to each NGC Asset concerned. Such Replacement Periods have been agreed between NGC and the User. For the avoidance of doubt, they have been prepared for accounting purposes and carry no implication that they represent the actual useful lives of such assets.

Replacement of NGC Assets. 3.1 Appendix A specifies the age of each of the NGC Assets at the Connection Site at the date of this Supplemental Agreement. NGC Connection Charges and Use of System Charges are calculated on the assumption that NGC Assets will not require replacement until the expiry of the Replacement Period applicable to each NGC Asset concerned. Such Replacement Periods have been agreed between NGC and the User. For the avoidance of doubt, they have been prepared for accounting purposes and carry no implication that they represent the actual useful lives of such assets.