Examples of FT Contract in a sentence
All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the FT Contract.
TransCanada PipeLines ("TransCanada") and Contractor are parties to a Firm Service Contract for Firm Transportation Service to the Cornwall Delivery Point (as therein defined) made as of the 4th day of November 1992, as amended, that currently specifies a Contract Demand of Gigajoules (the "FT Contract").
Exhibit A to Asset Purchase Agreement [FT Contract] Exhibit B to Asset Purchase Agreement FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT This ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment”), dated as of August 22, 2006, is made and entered into by and between Rumford Power Associates Limited Partnership, a Maine limited partnership (“Assignor”), and Coral Energy Canada Inc.
On the Closing Date, Buyer agrees to pay to Seller the amount of one dollar ($1.00) (the “Purchase Price”), plus acceptance of assignment of the FT Contract, in consideration of the transaction contemplated herein.
Great Lakes Canada will accept renewals of the FT Contract only from Shipper and not from the Assignee.
Seller shall have the right, at its sole cost and expense, to make and to retain copies of all files and correspondence with TransCanada relating to the FT Contract and other records that it provides to Buyer.
The Parties agree that the Buyer’s bid in the Auction and the resulting Purchase Price set forth in Section 2.2 were based upon assumed Cumulative Variances under the FT Contract as of the Effective Time equal to zero (0) GJ.
Buyer has conducted its own independent review and analysis of the FT Contract and the Assumed Liabilities and of the value of the FT Contract.
Buyer acknowledges that the price being paid under this Agreement for the FT Contract is the fair value for acquiring the FT Contract under the circumstances and that such value, rather than replacement cost, is the appropriate measure of damages if and to the extent Buyer may have had any recourse for any failure to deliver the FT Contract in accordance with the terms of this Agreement.
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.