PRECEDENT AGREEMENTPrecedent Agreement • December 21st, 2017 • Tc Pipelines Lp • Natural gas transmission • Alberta
WHEREAS TransCanada owns and operates a natural gas pipeline system extending from a point near the Alberta/Saskatchewan border where TransCanada's facilities interconnect with the facilities of NOVA Gas Transmission Ltd. easterly to the Province of Quebec with branch lines extending to various points on the Canada/United States of America International Border (the "TransCanada System"); and
FINANCIAL ASSURANCES AGREEMENTFinancial Assurances Agreement • December 21st, 2017 • Tc Pipelines Lp • Natural gas transmission • Alberta
WHEREAS, upon Shipper and TransCanada executing this Financial Assurances Agreement (hereinafter called the "Financial Assurances Agreement"), Shipper and TransCanada shall enter into a Precedent Agreement (hereinafter called the "Precedent Agreement") wherein both parties shall agree, subject to satisfaction of the conditions contained in the Precedent Agreement, to enter into Firm Transportation Service Contracts for each Phase (as defined below) substantially in the form attached as Exhibit "A" to the Precedent Agreement (each a "Contract" and collectively the "Contracts"); and
