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 existence of such an agreement will be indicated on the appropriate Addendum to this Capacity Release Umbrella Agreement.
The term "Replacement Customer" shall mean any entity which submitted a bid pursuant to Section 3.13 of the General Terms and Conditions or executing a Capacity Release Umbrella Agreement with Pipeline to participate in Section 3.14 of the General Terms and Conditions.
The term "Primary Delivery Point" shall mean the Delivery Point(s) as specified in the Exhibit B to Shipper's FTS Agreement or, for capacity release agreements, pursuant to an addendum to Shipper's 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.
Once a bid on an Offer for a Temporary Release of capacity under subsection 19.3(b) is accepted, the ACQUIRING SHIPPER agrees that the Addendum to its Capacity Release Umbrella Agreement provided by Transporter pursuant to the timeline set forth in Section 19.9 below shall be binding and no further execution thereof shall be required.
Transporter will notify RELEASING SHIPPER with recall rights of the name of new ACQUIRING SHIPPER(S) who subsequently obtain all or a portion of the awarded capacity after the Addendum to the Capacity Release Umbrella Agreement is tendered.
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.
Once the ACQUIRING SHIPPER executes its FT-1 or FT-2 Transportation Service Agreement resulting from a Permanent Release, or for a Temporary Release, is provided with an addendum to its Capacity Release Umbrella Agreement the ACQUIRING SHIPPER becomes an existing Shipper with separate firm contract quantities like any other Shipper and is subject to the applicable provisions of Transporter's FERC Gas Tariff, including but not limited to Transporter's billing and payment and operational provisions.
The term "Primary Receipt Point" shall mean the Receipt Point(s) as specified in Sections 4.1(a) and 4.1(b) of Rate Schedule FTS or, for capacity release agreements, pursuant to an addendum to Shipper's Capacity Release Umbrella Agreement.