FT Contract definition

FT Contract means a Firm Transportation Service Contract;
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FT Contract means a contract for Service for either FT-D1, FT-D2, FT-D3 or FT-R, as applicable, excluding Transferred to Storage Contracts.
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FT Contract means a Firm Service Contract for firm gas transportation service on the Mainline System pursuant to the FT Toll Schedule.
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Examples of FT Contract in a sentence

  • Subject to the terms and conditions of such amended precedent agreements, TransCanada will provide to Union and Gaz Metro the transportation capacity awarded to Union and Gaz Metro pursuant to the new capacity open season that closed May 4, 2012 with an expected in-service date of November 1, 2015, provided however the term of the FT Contract shall be a minimum of 15 years ("2015 NCOS").

  • All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the FT Contract.

  • TransCanada shall either have agreed to any cure amount due under the FT Contract or a final bankruptcy court order shall have established the cure amount or that no cure amount is due.

  • Buyer is, and will be, capable of satisfying the conditions contained in sections 365(b)(1)(C) and 365(f) of the Bankruptcy Code with respect to the FT Contract.

  • To Seller’s Knowledge, the other party thereto is not in material breach or default under the FT Contract, and Seller has neither sent nor received any written notice, or to Seller’s Knowledge, any verbal notice, of termination, cancellation, breach or default with respect to the FT Contract, except for notices relating to the pending proceedings before the Bankruptcy Court under Chapter 11 of the Bankruptcy Code relating to Seller and certain of its Affiliates.

  • No Material Adverse Effect shall have occurred or been disclosed with respect to the FT Contract, which is continuing or has not been cured or corrected prior to closing.

  • Buyer shall comply with the creditworthiness requirements of TransCanada’s Transportation Tariff and shall provide other adequate assurance of future performance of the FT Contract to the extent requested by the Bankruptcy Court or Seller prior to the Bankruptcy Court’s entry of the Sale Order.

  • On the terms and subject to the conditions set forth in this Agreement and the Assignment, Seller shall assign, transfer and convey to Buyer, free and clear of all Liens, and Buyer shall acquire and assume, Seller’s rights, benefits and privileges under, title to, and interest under, the FT Contract effective as of the Effective Time, in each case subject to Section 2.4 and Section 2.5.

  • All rights and obligations with respect to the renewal of the FT Contract remain with Shipper.

  • The FT Contract constitutes the legal, valid and binding obligation of the Seller enforceable against it in accordance with its terms and, to Seller’s Knowledge, constitutes the legal, valid and binding obligation of the other party thereto, except in each case as the same may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws relating to or affecting the rights of creditors generally, or by general equitable principles.

Related to FT Contract

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • IT Contracts means any agreements, licences or other contractual arrangements with third parties relating to the IT Systems or IT Services, including licences of all software, leases of hardware and other procurement of IT Systems or IT Services;