Permanent Release definition

Permanent Release means Shipper’s right to have Leases and Wells affected thereby permanently released from such Shipper’s TSA if –
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Permanent Release means a release where the releasing Shipper releases its capacity for the entire remaining term of its Service Agreement and Transporter and Shipper agree to terminate the releasing Shipper's Service Agreement, so that the releasing Shipper no longer has any liability to Transporter to pay for the capacity.
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Permanent Release means a release where the releasing Customer releases its capacity for the entire remaining term of its Service Agreement and Seller and Customer agree to terminate the releasing Customer's Service Agreement, so that the releasing Customer no longer has any liability to Seller to pay for the capacity.
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Examples of Permanent Release in a sentence

  • Upon the successful completion of a Permanent Release, the RELEASING SHIPPER shall be responsible only for those charges under its TSA incurred with respect to the released capacity prior to the effective date of the Permanent Release hereunder, as well as charges it continues to incur for firm capacity not released on a permanent basis.

  • A Permanent Release is an assignment of capacity and any associated rights of the RELEASING SHIPPER.

  • Once the ACQUIRING SHIPPER executes its FT-1 or FT-2 Transportation Service Agreement resulting from a Permanent Release, or for a Temporary Release, is provided with an addendum to its Capacity Release Umbrella Agreement the ACQUIRING SHIPPER becomes an existing Shipper with separate firm contract quantities like any other Shipper and is subject to the applicable provisions of Transporter's FERC Gas Tariff, including but not limited to Transporter's billing and payment and operational provisions.

  • The Letter Agreement provides, in relevant part, that in consideration for the Company’s provision of benefits to Executive at and after the end of the Transition Period (as defined in the Letter Agreement), Executive will execute this Complete and Permanent Release (“Release”).

  • Once the Replacement Shipper executes its FT-1 or FT-3 Service Agreement resulting from a Permanent Release, or for a Temporary Release, is provided with an Addendum to its Capacity Release Umbrella Agreement, the Replacement Shipper becomes an existing Shipper with separate firm contract quantities like any other Shipper and is subject to the applicable provisions of Transporter's FERC Gas Tariff, including but not limited to Transporter's billing and payment and operational provisions.

  • Permanent Release: A RELEASING SHIPPER may release all or part of its firm capacity under a TSA on a permanent basis for the entire remaining term of the TSA (“Permanent Release”) pursuant to the provisions of this Section 19.

  • Permanent Release: A RELEASING SHIPPER may release all or part of its firm capacity under a TSA on a permanent basis for the entire remaining term of the TSA ("Permanent Release") pursuant to the provisions of this Section 19.

  • A Releasing Customer may release all or part of its firm capacity, with all associated receipt, storage, and delivery rights under a Service Agreement with Southern LNG, for the entire remaining term of the Service Agreement (Permanent Release) pursuant to the provisions of this Section 16.

  • If Releasor proposes a Permanent Release of its capacity, Seller will agree to discharge the Releasor of its obligations on a prospective basis in whole or in part provided (i) the Replacement Customer meets the requirements in Section 9.5 of these General Terms and Conditions, (ii) Seller would be financially indifferent, as determined by Seller in its reasonable discretion, to the discharge if such discharge is granted, and (iii) Seller's lenders agree to such discharge.

  • A Permanent Release operates as an assignment of capacity and all of the terms and conditions applicable to firm transportation service including the requirements related to credit worthiness must be met by the Replacement Shipper prior to the effective date of the assignment.


More Definitions of Permanent Release

Permanent Release means an instrument, prescribed by the commissioner and approved by the commissioner pursuant to section 22a-133q-7 of the EUR regulations, that permanently discharges the obligation to comply with the requirements of an ELUR;
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Permanent Release means a release where the releasing Shipper releases its capacity for
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Related to Permanent Release

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Work release means a program of partial confinement

  • Permanent residence means a place where the person abides, lodges, or resides for 5 or more consecutive days.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • permanent resident means a natural person whose residence in a Party is not limited as to time under its law;

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Permanent Work means the permanent works including equipment to be supplied, executed, erected and maintained in accordance with the Contract.

  • Earned release means earned release from confinement as

  • Permanent status means the state or condition achieved by an employee in the classified service who has successfully completed an initial probationary period or a probationary period required following reinstatement, or whose probationary period is waived through specific statutory direction.

  • Permanent impairment means the loss of or loss of use of a member of the body existing after the date of maximum medical improvement and includes disfigurement resulting from an injury.

  • Permanent Closure means ceasing operation of all or any part of the facility with the intent that the animal holding area(s) and/or manure storage area(s) will no longer be used for that purpose.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • General Release has the meaning stated in Section 6.03.

  • Permanent Employee means an employee in the classified service who has successfully completed a probationary period.

  • Permanent sign means any structure, display, logo, device or representation which is designed or used to advertise or call attention to any item, business, activity or place and is visible from outside a building that is intended to be in place for a period that is longer than 30 days. [Amended Eff. 11/10/2007]

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • Permanent Works means the permanent works to be executed (including Plant) in accordance with the Contract.

  • Permanent and Total Disability means any medically determinable physical or mental impairment rendering an individual unable to engage in any substantial gainful activity, which disability can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Permanent part-time employee means a person who is appointed to work hours that are less in number than a full-time employee and who is appointed as such in accordance with section 37(3)(a) of the State Service Act 2000.

  • Permanent Employees means all employees who are not casual employees, or employees working in a long-term supply assignment, as defined below.

  • Permanent Total Disablement means a bodily injury caused by accidental, external, violent and visible means, which as a direct consequence thereof totally disables and prevents the insured from attending to any business or occupation of any and every kind or if he/she has no business or occupation, from attending to his/her usual and normal duties that last for a continuous period of twelve calendar months from the date of the accident, with no hopes of improvement in future

  • Permanent Position Any position which has required, or which will require the services of an incumbent without interruption, for an indefinite period.

  • Proof of Claim and Release means the Proof of Claim and Release form for submitting a Claim, which, subject to approval of the Court, shall be substantially in the form attached hereto as Exhibit A-2, that a Class Member must complete and submit should that Class Member seek to share in a distribution of the Net Settlement Fund.

  • Substantial Completion Date means the date on which Substantial Completion occurs.