Priority 3 Gas definition
Examples of Priority 3 Gas in a sentence
After all Priority 3 Gas has been curtailed, Gas which is dedicated to be delivered to such System and not gathered as Priority 1 Gas, defined below, (“Priority 2 Gas”) will be curtailed pro rata as set forth below.
Gas delivered to such System that is not dedicated to such System or does not originate from lands, leases, ▇▇▇▇▇ or reserves dedicated to such System, (collectively “Priority 3 Gas”), will be curtailed first on a pro rata basis with all other Priority 3 Gas on the System(s), based on each shipper’s most recent confirmed nomination prior to such curtailment.
Priority 3 Gas shall include Gas gathered on a Month to Month basis which originally had a prior term obligation.
After all other Gas, including, without limitation, Priority 3 Gas and Priority 2 Gas, has been curtailed, Gas delivered to the System that is subject to a gathering fee based on the COS Calculations set forth in this Agreement and any other Gas designated in an agreement to be Priority 1 Gas (collectively, “Priority 1 Gas”) will be curtailed pro rata as set forth below.
Priority 3 Gas shall include Gas gathered on a month to month basis which originally had a prior term obligation.
After all other Gas, including, without limitation, Priority 3 Gas and Priority 2 Gas, has been curtailed, Gas delivered to the System that is subject to a variable gathering fee based on a targeted rate of return to Gatherer on capital spent to build the System and any other Gas designated in an agreement to be Priority 1 Gas (collectively, “Priority 1 Gas”) will be curtailed pro rata a set forth below.
After all other Gas, including, without limitation, Priority 3 Gas and Priority 2 Gas, has been curtailed, Gas delivered to the System that is subject to a gathering fee under an Anchor Shipper Gas Gathering Agreement and any other Gas designated in an agreement to be Priority 1 Gas (collectively, “Priority 1 Gas”) will be curtailed pro rata as set forth below.