Examples of Capacity Release Umbrella Agreement in a sentence
To the extent Customer so desires, when it releases capacity pursuant to Section 3.14 of the General Terms and Conditions, Customer may require privity between Customer and the Replacement Customer, as further provided in the applicable Capacity Release Umbrella Agreement.
The term of this Capacity Release Umbrella Agreement shall commence on ________ and shall continue in force and effect until_______ and ____________to _____________thereafter unless this Capacity Release Umbrella Agreement is terminated as hereinafter provided.
The existence of such an agreement will be indicated on the appropriate Addendum to this Capacity Release Umbrella Agreement.
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Pipeline will tender an appropriate Addendum to the Capacity Release Umbrella Agreement, a Form of Service Agreement of which is contained in this FERC Gas Tariff, to the Replacement or Prearranged Customer.
Pipeline will notify the Customer with recall rights of the name of new Replacement Customers who subsequently obtain all or a portion of such capacity after the Addendum to the Capacity Release Umbrella Agreement is tendered to the Replacement Customer.
Any Replacement Shipper who has acquired firm capacity hereunder on a temporary basis may subsequently release the capacity it has acquired (except as prohibited by regulations), subject to that option being part of the Releasing Shipper’s Offer, as set forth on the Exhibit A to its Capacity Release Umbrella Agreement, in accordance with the terms of this Section 22 ("Re-release"), thereby becoming a Releasing Shipper.
The Point(s) of Delivery and Point(s) of Receipt awarded to the Replacement Shipper under this Section 22 shall constitute the initial Point(s) of Delivery and Point(s) of Receipt to which the Replacement Shipper is entitled under the Addendum to the Capacity Release Umbrella Agreement.
If PPEC determines at any time that Replacement Customer fails to meet the financial standards or credit criteria of Section 3 of the General Terms and Conditions, PPEC may terminate this Capacity Release Umbrella Agreement and all Addenda attached hereto prospectively in accordance with Section 3 the General Terms and Conditions of PPEC's FERC Gas Tariff.
Steckman Ridge will notify the Releasing Customer with recall rights of the name of new Replacement Customers who subsequently obtain all or a portion of such capacity after the Addendum to the Capacity Release Umbrella Agreement is tendered.