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. FORM OF SERVICE AGREEMENT (For Use Under Seller's Rate Schedule FT) THIS AGREEMENT entered into...
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.
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”).
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.]
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.] [OPTIONAL IF AGREED TO: 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.] PART V – FORMS OF SERVICE AGREEMENT
