Leased Capacity definition
Examples of Leased Capacity in a sentence
The Negotiated Rates for Zone 1 and Zone 2 and the Leased Capacity Charge shall apply to service provided to Shipper by MEP from the Eligible Receipt Points to the Eligible Delivery Points during the Negotiated Rate Term; and (ii) an aggregate maximum daily firm transportation quantity equal to the Eligible Firm Transportation Quantity set forth in Article 1.3 above, for all quantities transported on a firm basis under the Transportation Agreement.
The Transferee is under no obligation to pay the Storage Operator for the Leased Capacity.
As regards the Leased Capacity referred to in Article III., the Transferee has the right to use the corresponding storage capacity and to make nomination at entry and exit points into/from the gas storage facility.
Subject to the terms and conditions of MEP’s FERC Gas Tariff and notwithstanding any provisions to the contrary pertaining to the availability of firm service in Enogex’s then-effective Statement of Operating Conditions applicable to NGPA Section 311 transportation service on file with the FERC, as it may be modified from time to time (the “SOC”), once the Leased Capacity has been determined, MEP will have the right to use the full amount of the Leased Quantity on a firm basis.
The Availability Notice shall include a specification of the channel facility assignment where Customer may interconnect with the Leased Capacity, if then known to MCI WorldCom, as well as a letter of agency ("LOA") which authorizes Customer to order the necessary local facilities.
The quantity of natural gas required for Enogex System Fuel Gas shall be the amount determined in accordance with the provisions of Enogex’s then-effective SOC governing the determination of fuel and lost and unaccounted-for gas quantities applicable to receipts and deliveries of natural gas in the Enogex System’s Zones traversed by the Leased Capacity.
A true and correct electronic copy of the Rent Roll as of the Initial Closing Date setting forth, among other things, (1) a description of each Tenant, (2) the Leased Capacity for each Tenant and (3) the scheduled annual rental payments per year and gross Rent per kW for each effective Tenant Lease, has been delivered to the Indenture Trustee.
Commencing on February 1, 2011, the Payments set forth in Section 4, Subpart (b) of the Agreement will change to $** per shell barrel of Leased Capacity on the ** shell barrels of storage, which equals $** per month.
In the event of any damage to or destruction of the Leased Capacity, User shall adjust the loss and settle all claims with the insurance companies issuing such policies.
Enogex shall render to MEP on or before the tenth (10th) day of each month a statement setting forth all Monthly Lease Charges and any other charges applicable to the Leased Capacity for the prior month, as well as such other information as may be required to explain and support the amounts to be paid to Enogex (each, a “Statement”).