Priority Gas definition

Priority Gas means Gas that Purchaser, prior to the date hereof, is obligated to take under a long-term agreement, which Gas either has been purchased (or has been produced from Gas reserves in the ground which reserves were purchased) by Purchaser or a joint powers authority using the proceeds of bonds, notes, or other obligations, the interest on which is excluded from income for federal income tax purposes pursuant to a long-term prepaid gas purchase agreement.
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Priority Gas means the Contract Quantity of Gas to be purchased by Purchaser under this Agreement, together with Gas that (i) Purchaser is obligated to take under a long-term agreement, which Gas either have been purchased (or has been produced from Gas reserves in the ground which reserves were purchased) by Purchaser or a joint action agency using the proceeds of bonds, notes, or other obligations, the interest on which is excluded from income for federal income tax purposes pursuant to a long-term prepaid gas purchase agreement.
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Priority Gas means sufficient proven reserves of natural gas in the Licence Areas and the Permit Areas to deliver 2041 PJ which are additional to the reserves dedicated to First Priority Gas and Export Gas;.
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Examples of Priority Gas in a sentence

  • Purchaser agrees to take the Contract Quantities to be delivered under this Agreement (a) in priority over and in preference to all other Gas available toPurchaser that are not Priority Gas; and (b) on at least a pari passu and non-discriminatory basis with other Priority Gas.

  • Clause 20 - by deleting “contemplated in recitals (c) and (d) of this Agreement” and substituting the following - “in respect of First Priority Gas and Export Gas”.

  • Purchaser shall not be required to reduce its takes of Priority Gas in order to request remarketing under this Section requesting remarketing under this Section 4.4(a).

  • Purchaser shall not be required to reduce its takes of Priority Gas in order to request remarketing under this Section 4.3 (a), but Purchaser shall be required to fully reduce its takes of all Non-Priority Gas prior to requesting remarketing under this Section 4.3(a).

  • The purchase and sale of imbalances during periods when (l) there is an OFO in effect will be addressed per Section 9.4, or (2) there is a Penalty Period as to High Priority Gas Use, will be addressed per Section 9.2.

  • Purchaser shall not be required to reduce its takes of Priority Gas in order to request remarketing under this Section requesting remarketing under this Section 4.4(b).

  • These bots participate in Priority Gas Auctions (PGAs) in an attempt to frontrun each other by incentivizing miners to execute their transactions first, which subsequently increases the transaction fees that miners receive [1].

  • The purchase and sale of imbalances each day except for imbalances which occur during (1) a Penalty Period as to High Priority Gas Use, or (2) times when an OFO is in effect, shall be made at a price per MMBtu determined as follows: Daily Imbalance For example, an imbalance of 12% would be cashed out as follows: the first 10% would be cashed out at the Daily Midpoint Price, and the remaining 2% would be cashed out at the Daily Common Low Price, or Daily Common High Price, as applicable.

  • The purchase and sale of imbalances each month except for imbalances which occur during (1) a Penalty Period as to High Priority Gas Use, or(2) times when an OFO is in effect, shall be made at a price per MMBtu determined as follows:Daily Imbalance For example, an imbalance of 12% would be cashed out as follows: the first 10% would be cashed out at the monthly average Daily Midpoint Price, and the remaining 2% would be cashed out at 95% of the monthly average Daily Midpoint Price.

  • The purchase and sale of imbalances during periods when (1) an OFO is in effect will be addressed per Section 9.4, or (2) there is a Penalty Period as to High Priority Gas Use, will be addressed per Section 9.2.


More Definitions of Priority Gas

Priority Gas means the Contract Quantities of Gas to be purchased by the Customer hereunder, together with Gas (i) purchased by the Customer, Main Street or a related joint powers authority using the proceeds of bonds, notes, or other obligations the interest on which is excluded from income for federal income tax purposes pursuant to a long-term prepaid gas purchase agreement or (ii) produced from oil and gas reserves in the ground owned by the Gas Purchaser, Main Street or a related joint powers authority that were financed with the proceeds of bonds, notes, or other obligations the interest on which is excluded from income for federal tax purposes.
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Related to Priority Gas

  • Priority 2 Individuals who are: Age 60 and over in need of the following medically related trips: • Need for life sustaining medical care such as dialysis, chemotherapy, radiation treatment • Multi-system failure or conditions requiring immediate medical supervision/care, e.g. diabetes, heart disease, Chronic Obstructive Pulmonary Disease (COPD) • Surgery or non-elective (immediate need) procedure

  • Priority 1 means a critical full outage/severe issue that constitutes a catastrophic problem that causes complete inability to use the Subscription Service, excluding Free Services, across a significant portion of the production environment (e.g. crash or hang), resulting in production downtime and where there is no workaround or solution to the problem.

  • Priority area means the portions of the qualified incentive area

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Priority Amount As to any Distribution Date, the amount equal to the sum of (i) the product of (A) the Scheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) the Unscheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage.

  • Priority Debt means the sum, without duplication, of (i) Indebtedness of the Borrower or any Guarantor secured by a Lien (other than the Liens entered into under the Loan Documents, including the Security Documents) and (ii) all Indebtedness of any Subsidiary that is not a Guarantor.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Priority habitat means a habitat type with unique or significant value to one or more species. An area classified and mapped as priority habitat must have one or more of the following attributes:

  • Priority Indebtedness means (a) Indebtedness of the Company or any Subsidiary (other than that described in Section 6.01(e)) secured by any Lien on any asset(s) of the Company or any Subsidiary and (b) Indebtedness of any Subsidiary, in each case owing to a Person other than the Company or any Subsidiary.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Priority Return means a 6% cumulative, non-compounded, pre-tax annual return (based on a 365-day year).

  • Priority Lien Cap means, as of any date, the maximum aggregate principal amount of Indebtedness permitted to be incurred by clause (1) of the definition of Permitted Debt. For purposes of this definition, all letters of credit will be valued at the face amount thereof, whether or not drawn.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Priority Non-Tax Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Priority Non-Tax Claim means any Claim other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Additional Senior Class Debt Parties has the meaning assigned to such term in Section 5.13.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Permitted Second Priority Refinancing Debt secured Indebtedness incurred by the Borrower in the form of one or more series of second lien secured notes or second lien secured loans; provided that (i) such Indebtedness is secured by the Collateral on a second lien, subordinated basis to the Obligations and is not secured by any property or assets of the Borrower or any of its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the date that is 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (iv) the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent; provided that such differences are not more favorable to the investors in such secured Indebtedness), (v) such Indebtedness is not also incurred by or guaranteed by any Subsidiaries of the Borrower other than the Subsidiary Guarantors and is not incurred by or guaranteed by any other Person, (vi) an agent or representative acting on behalf of the holders of such Indebtedness (a “Second Lien Agent”) shall have become party to an intercreditor agreement in form and substance satisfactory to the Administrative Agent (the “Second Lien Intercreditor Agreement”); provided that, if such Indebtedness is the initial Permitted Second Priority Refinancing Debt incurred by the Borrower, then the Borrower, the Subsidiary Guarantors, the Administrative Agent and the Second Lien Agent for such Indebtedness shall have executed and delivered the Second Lien Intercreditor Agreement, (vii) the other terms and conditions of such secured Indebtedness are on the whole substantially identical to, or less favorable to the investors providing such secured Indebtedness, than those applicable to the Refinanced Debt (except for (x) pricing, fees, rate floors and prepayment or redemption premiums, which shall reflect market terms and conditions at the time of incurrence or issuance, (y) covenants or other provisions applicable only to periods after the date that is 91 days after the Latest Maturity Date that is in effect on the date such Indebtedness is issued, incurred or obtained and (z) differences that reflect the nature of such secured debt as fixed or floating rate securities), and (viii) a Responsible Officer shall have certified compliance with the foregoing requirements and that the incurrence of such Indebtedness complies with Section 6.2.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Class Debt Parties has the meaning assigned to such term in Section 8.09.