Rich Gas definition
Examples of Rich Gas in a sentence
Unless and until the Borrower elects the application of the Q4 2014 Base Periods in accordance with the preceding sentence, the Borrower’s compliance with this Section 9.01 for the Rolling Periods ending on or prior to March 31, 2015 and with any other financial test that includes Annualized Rich Gas EBITDA as a component or a subcomponent thereof shall be calculated by reference to the Q3 2014 Base Periods.
Transporter may, from time to time, post on its website a revised hydrocarbon dewpoint specification that is above twenty-three degrees Fahrenheit (23°F) (“Revised HCDP spec”) for specified receipt points (thereby creating an “Authorized Rich Gas Overrun”).
The FT-1 and FT-1-IBR Rich Gas Credits will be calculated as the difference between the FT-1 or the FT-1-IBR rate and a notional FT-1 or FT- 1-IBR rate that is calculated using the GHV.
The Shipper's Rich Gas Credit shall be calculated as follows: Shipper's Rich Gas Credit = ((∑QSRGC - ∑QSRGD) / (FT-1 CC + FT-1- IBR CC)) x Shipper's Contracted Capacity in the Month.
The FDS Rich Gas Credit will be calculated as the difference between the FDS toll and a notional FDS toll that is calculated using the GHV.
Transporter may, from time to time, post on its website a revised hydrocarbon dewpoint specification that is above minus five degrees Celsius (-5○C) (“Enhanced HCDP spec”) for specified receipt points in the Canadian Gathering system (thereby creating an “Authorized Rich Gas Overrun”).
If the quarterly average GHV exceeds the ConvF, the FT-1 or FT-1-IBR shipper will receive an FT-1 or FT-1-IBR Rich Gas Credit on its invoice for the fourth month following the measured quarter (e.g. Q1 credit would appear on August 9 invoice for July transportation).
If the quarterly average GHV exceeds the ConvF, the FDS and FDS-IBR shipper will receive an FDS Rich Gas Credit on its invoice for the fourth month following the measured quarter (e.g. Q1 credit would appear on August 9 invoice for July transportation).
At the end of any quarter in which the accrued Quarterly System Rich Gas Credit exceeds the accrued Quarterly System Rich Gas Debit, the Transporter will determine the Shipper's share of such excess and zero the system account balances.
As used herein, the “Net Sales Price” of Pipeline Drip attributable to Producer’s Gas shall be the weighted average of the net price per Gallon received by Gatherer, excluding any sales to Affiliates of Gatherer not transacted on an arms-length basis, for the total volume of Pipeline Drip sold at or from each Rich Gas Gathering System during the applicable Month.