Expanded System definition

Expanded System. The Baseline System combined with Core Enhancement Functionality which the Exchange has chosen in writing within one year of the Execution Date to be designed, developed, and implemented by Contractor.

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Expanded System means the System (as it is defined in this Agreement as of March 16, 2017) as expanded by the Stage 2 System.

Expanded System has the meaning set forth in the recitals to this Agreement; “Expansion” has the meaning set forth in the recitals to this Agreement; “Extension Open Season Notice” has the meaning set forth in Section 4.1(a);

Examples of Expanded System in a sentence

• The Carrier shall have the right to assign its rights and obligations, or any part thereof, under this Agreement without the consent of, but with notice to, the Shipper, provided that the Carrier has made provision for the continued operation of the Expanded System by a reputable Person experienced in the operation of oil pipelines, as determined by the Carrier acting reasonably.

• The term for the Operations and Maintenance Services for the Expanded System shall be as described in 4.2.2 of the Solicitation, subject to earlier termination as provided herein.

• At the end of the initial term and each annual term for Operations and Maintenance Services for the Baseline System and for the Expanded System, and at the end of the initial five year term of this Agreement, this Agreement will automatically be renewed for up to three successive one-year terms unless terminated in whole or in part by the Exchange upon receipt by Contractor of 60 Days’ prior Notice or as otherwise provided in the Agreement.

• As the Expansion proceeds through construction and Expanded System service commences, the Fixed Toll component shall be adjusted for changes in Costs and Expenses in accordance with Section 3.2. In all circumstances when a Fixed Toll component is adjusted upwards or downwards by Carrier pursuant to Section 3.2, such adjustment shall be made first to the 15 year Transportation Service Agreement Fixed Toll component.

• At the end of the initialand each annual term for Operations and Maintenance Services for the Baseline System and for the Expanded System, and at the end of the initial five year term of this Agreement, the Operations and Maintenance Services this Agreement will automatically be renewed for up to three successive one-year terms unless terminated in whole or in part by the Exchange upon receipt by Contractor of 60 Days’ prior Notice or as otherwise provided in the Agreement.

• The “System” is described in the Solicitation and above in the Recitals as “CalHEERS” and shall be comprised of the Baseline System and Expanded System, if any.

• As the Expansion proceeds through construction and Expanded System service commences, the Fixed Toll component shall be adjusted for changes in Costs and Expenses in accordance with Section 3.2 of the Facility Support Agreement.

• Carrier will, at all times, insure its property and potential liability exposures against loss or damage in a manner that is commercially reasonable having regard to the nature of the Expanded System.

• The Carrier shall have the right to permanently assign its rights and obligations, or any part thereof, under this Agreement without the consent of, but with notice to, the Shipper, provided that the Carrier has made provision for the continued operation of the Expanded System by a reputable Person experienced in the operation of oil pipelines, as determined by the Carrier acting reasonably.

More Definitions of Expanded System

Expanded System means the System as expanded by the Stage 2 System.

Expanded System has the meaning set forth in the recitals to this Agreement; “Expansion” has the meaning set forth in the recitals to this Agreement;