Examples of Participating System in a sentence
The System Owners may elect, by Supermajority Vote of all Participating System Owners in each System proposed to be combined, to combine one or more Systems together and/or with other systems of Midstream Assets outside of the AMI (as combined, a “Super-System”) for the purpose of facilitating combined Fuel and Lost Gas, Gas volume allocations and nominations over a wider area.
When new Systems are approved pursuant to paragraph 4.1, the Operator will prepare and forward to all System Owners a new Exhibit “1.5” reflecting the new Systems and the System Ownership Interests of each Participating System Owner in such new Systems and the new Exhibit “1.5” will be incorporated herein without the necessity of amending this Agreement.
Pursuant to the voting procedure detailed in paragraph 18, anytime and from time to time after a System is approved, the Operator shall submit to the Participating System Owners an authorization for expenditure (“Project AFE”), which will contain specific descriptions, plans and reasonable details of the expenditures to be made for the construction, extension, expansion or optimization of AMI Midstream Assets within a System (a “Project”), and a Ballot for the Project AFE.
The voting procedure in paragraph 18 will apply to the vote under this paragraph except that each Participating System Owner will have thirty (30) days to return the Ballot to the Operator.
If the System Owner that is the Operator (or has the power to appoint the Operator under this Agreement) does not participate in a System, then, notwithstanding anything to the contrary in this Agreement, the Operator of such System will be the Participating System Owner with the highest System Ownership Interest in such System, unless another Operator is selected by Supermajority Vote of such Participating System Owners.
For all Gas other than Default System Owner Gas, the Operator will set the gathering fee subject to approval by the Participating System Owners as provided in paragraph 8.4 below.
If the Operator is obligated to pay and pays any FLG Reimbursement (as defined in the Anchor Shipper Gas Gathering Agreement), each Participating System Owner will reimburse the Operator for such Participating System Owner’s pro rata share of such FLG Reimbursement.
Any Participating System Owner may, by written notice to all Participating System Owners, request a vote to revise, reconsider, reaffirm or reject any previously approved Project AFE and such proposal will be approved only by Supermajority Vote pursuant to paragraph 18.
The water absorption test can be used as a routine check test of such aggregates.
If one or more System Owners desire to connect to any System (the “Host System”) any Midstream Assets (including another System) that remain separate from such System (a “Connecting GGS”), the Participating System Owners will permit such connection if the System Owner’s or its Affiliate’s Gas gathered on the Connecting GGS is dedicated under the applicable Gathering Agreement.