Specification of Negotiated Rate and Term Sample Clauses

Specification of Negotiated Rate and Term. During the primary term of this service agreement (as set forth in Article IV of this service agreement) (“Primary Term”), Buyer shall pay Seller a daily reservation rate of $0.6000 per dt (“Negotiated Reservation Rate”). In addition to such Negotiate Reservation Rate, Buyer shall be responsible for compressor fuel and line‐ loss makeup retention and shall pay the electric power unit rates, commodity rates and all applicable surcharges set forth in Seller’s FERC Gas Tariff for Rate Schedule FT service to Buyer under this service agreement as approved by FERC. The fuel and line‐loss makeup retention, electric power unit rates, commodity rates, and applicable surcharges are subject to change from time to time as approved by the FERC, and either party may exercise its statutory rights to effectuate or oppose such changes. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the Primary Term, to extend the term of this service agreement for an additional five (5) year period (“First Term Extension”) for all or a portion of the TCQ (as elected by Buyer) in effect during the Primary Term and, at the sole election of Buyer, at either (A) the Negotiated Reservation Rate and all other applicable rates and charges as further described above, or (B) the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the First Term Extension, to extend the term of this service agreement for a second additional term of at least one (1) year for all or a portion of the TCQ (as elected by Buyer) in effect during the First Term Extension and at the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Xxxxx agrees not to file or cause to be filed with the FERC any action, claim, complaint, or other pleading under Section 5 of the NGA, or support or participate in any such proceeding initiated by any other party, requesting a change to or in any way opposing the negotiated rate set forth above. Seller agrees not to file or cause to be filed with the FERC under Section 4 of the NGA to seek to modify the negotiated rate set forth above. THIS AGREEMENT entered into this 29th day of December, 2014, by and between TRANSCONTINENTAL GA...
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Specification of Negotiated Rate and Term. [OPTIONAL IF AGREED TO: Buyer agrees not to file or cause to be filed with the FERC any action, claim, complaint, or other pleading under Section 5 of the NGA, or support or participate in any such proceeding initiated by any other party, requesting a change to or in any way opposing the negotiated rate set forth above.]
Sample 1
Specification of Negotiated Rate and Term. During the sixteen (16) year and one (1) month primary term of this service agreement (“Primary Term”), Buyer shall pay Seller a daily reservation rate of $0.5700 per dt (“Negotiated Reservation Rate”).
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Specification of Negotiated Rate and Term. During the primary term of this service agreement beginning on June 1, 2015 and ending at 9:00 a.
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Specification of Negotiated Rate and Term. During the primary term of this service agreement, Buyer shall pay Seller a daily reservation rate per dt equal to the lower of (i) the Receipt and Delivery Zone 3-2 rate for Seller’s Rate Schedule FT – Non- Incremental service, as filed with the Federal Energy Regulatory Commission and as such rate may change from time to time, or (ii) $0.1320 (“Negotiated Reservation Rate”).
Sample 1

Related to Specification of Negotiated Rate and Term

  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

  • MODIFICATION OF CONTRACT TERMS The terms and conditions set forth in the Contract shall govern all transactions by Authorized User(s) under this Contract. The Contract may only be modified or amended upon mutual written agreement of the Commissioner and Contractor. The Contractor may, however, offer Authorized User(s) more advantageous pricing, payment, or other terms and conditions than those set forth in the Contract. In such event, a copy of such terms shall be furnished to the Authorized User(s) and Commissioner by the Contractor at the time of such offer. Other than where such terms are more advantageous for the Authorized User(s) than those set forth in the Contract, no alteration or modification of the terms of the Contract, including substitution of Product, shall be valid or binding against Authorized User(s) unless authorized by the Commissioner or specified in the Contract Award Notification. No such alteration or modification shall be made by unilaterally affixing such terms to Product upon delivery (including, but not limited to, attachment or inclusion of standard pre-printed order forms, product literature, “shrink wrap” terms accompanying software upon delivery, or other documents) or by incorporating such terms onto order forms, purchase orders or other documents forwarded by the Contractor for payment, notwithstanding Authorized User’s subsequent acceptance of Product, or that Authorized User has subsequently processed such document for approval or payment.

  • Effective Date and Term The amendments to the Contract as set out in this Supplemental Agreement shall have effect from the Effective Date and shall cease to have effect on the Expiry Date or earlier termination of the Contract.

  • Commencement Date and Term 1.1 This Agreement shall come into force on [insert date] (the “Commencement Date”) and, subject to paragraph 1.2 below, shall continue in full force and effect until [insert date] OR [until all Services have been completed and all Deliverables have been delivered to the British Council’s satisfaction as set out in Schedule 2 (Terms of Reference)] (the “Term”). 1.2 Notwithstanding anything to the contrary elsewhere in this Agreement, the British Council shall be entitled to terminate this Agreement by serving not less than [insert number of days] days’ written notice on the Supplier.

  • Suspension of Work and Termination 15.01 Owner May Suspend Work A. At any time and without cause, Owner may suspend the Work or any portion thereof for a period of not more than 60 consecutive days by written notice to Contractor and Engineer. Such notice will fix the date on which Work will be resumed. Contractor shall resume the Work on the date so fixed. Contractor shall be entitled to an adjustment in the Contract Price or an extension of the Contract Times, or both, directly attributable to any such suspension.

  • Effective Date and Termination of Agreement This Agreement shall become effective on January 1, 2018 and unless terminated sooner it shall continue in effect until April 30, 2018. It may thereafter be continued from year to year only with the approval of a majority of those trustees of the Fund who are not “interested persons” of the Fund (as defined in the 0000 Xxx) and have no direct or indirect financial interest in the operation of this Agreement or any agreement related to it (the “Independent Trustees”). This Agreement may be terminated as to the Fund as a whole or any class of shares individually at any time by vote of a majority of the Independent Trustees. The Investment Adviser may terminate this agreement upon sixty (60) days’ prior written notice to the Fund.

  • Definitions of Words and Terms Capitalized words used in this Agreement which are not otherwise defined herein shall have the meanings set forth in the Annex of Definitions attached hereto.

  • Notice and Terms of Optional Prepayment The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile) of any optional prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each such partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each such prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing and shall be accompanied by accrued interest to the extent required by Section 3.02.

  • ACCEPTANCE OF CONTRACT/TERMS AND CONDITIONS (a) This Contract integrates, merges, and supersedes any prior offers, negotiations, and agreements concerning the subject matter hereof and constitutes the entire agreement between the parties. (b) SELLER's acknowledgment, acceptance of payment, or commencement of performance, shall constitute SELLER's unqualified acceptance of this Contract. (c) Unless expressly accepted in writing by LOCKHEED XXXXXX, additional or differing terms or conditions proposed by SELLER or included in SELLER's acknowledgment are objected to by LOCKHEED XXXXXX and have no effect. (d) The headings used in this Contract are inserted for the convenience of the parties and shall not define, limit, or describe the scope or the intent of the provisions of this Contract.

  • Notification of Acceptance of General Offer of Terms Upon execution of Exhibit E, General Offer of Terms, Subscribing LEA shall provide notice of such acceptance in writing and given by personal delivery, or e-mail transmission (if contact information is provided for the specific mode of delivery), or first class mail, postage prepaid, to the designated representative below.

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