Common use of Open Season Clause in Contracts

Open Season. (a) Transporter held an open season to obtain firm commitments for the Project from April 18, 2013 through May 2, 2013. This Agreement shall be deemed a binding bid for Project Capacity in that Open Season. (b) Transporter shall have the right to reduce the Capacity Subscriptions specified in Section 2 of this Agreement if a reduction is necessary, in Transporter’s reasonable discretion, not to be exercised in an unduly discriminatory manner, to comply with any FERC regulation, requirement, directive, or order, or with Transporter’s FERC Gas Tariff.

Appears in 2 contracts

Sources: Precedent Agreement (EQT Midstream Partners, LP), Precedent Agreement (EQT Midstream Partners, LP)