Anchor Shippers definition

Anchor Shippers for each System means the parties listed in Exhibit 1.3 each such party’s successors, and each party that is assigned all or part of a Voting Percentage as permitted in this Agreement.
View Source
Anchor Shippers means the Shipper(s) that signed a Firm Gas Transportation Agreement before the publication of the Announcement to support the development of the Project, who are directly awarded Capacity with no need to submit a Bid.
View Source

Examples of Anchor Shippers in a sentence

  • When a matter requiring Shipper Supermajority Approval is approved by Shipper Supermajority Approval, the matter is binding on all Anchor Shippers.

  • Any redetermination of Gathering Fees under this section 4, including any resolution of any dispute over redetermination resolved pursuant to Section 18, shall result in all Anchor Shippers being subject to the same schedule of Gathering Fees for Dedicated Production during the term of this Agreement.

  • If the Anchor Shippers, upon Shipper Supermajority Approval, request that Gatherer lower the Design Suction Pressure on such System, then Gatherer must provide such lower pressures and all associated costs will be included in the COS Calculations and recovered through the adjustment to the Gathering Fee and Compression Fee applied to the adjusted Deemed Compression Stages.

  • If Gatherer receives notice from any Anchor Shipper of an assignment of Voting Percentage, Gatherer will update Exhibit 1.3 and send the updated Exhibit to Anchor Shippers.

  • Gatherer will not amend any gathering agreement with any Anchor Shipper covering the Dedicated Area without written consent of all Anchor Shippers on the Systems affected by the Amendment unless the amendment is expressly provided for in this Agreement, including, without limitation, amendments approved upon Shipper Supermajority Approval.

  • Upon expiration of the Primary Term, Gatherer and Anchor Shippers will attempt to agree on a new fixed Gathering Fee during the Extended Term.

  • In the event the CPI Index ceases to be published without a designated replacement index, the Anchor Shippers (by Shipper Supermajority Approval) and Gatherer will mutually agree to an alternative price index reasonably similar to the CPI Index.

  • If any merger of Systems is foreseen at any time in the future and approved by the Anchor Shippers through a Supermajority Vote, Gatherer may perform a single COS Calculation for any year prior to the actual merger for the affected Systems.

  • Upon inclusion of all other Capital Expenditure, Total Revenue, and Total Expense impacts in each COS Calculation, Gatherer shall adjust the Gathering Fee for the Anchor Shippers in each COS Calculation such that the net present value of the Net Cash Flow, discounted to Time Zero at an eighteen percent (18%) discount rate (the “Target IRR”) over the Redetermination Period for each System, shall be equal to zero (0).

  • Gatherer’s model will be in substantially the form of the Sample Calculation unless otherwise agreed to by the Anchor Shippers through Shipper Supermajority Approval.