Common use of Release Notice Clause in Contracts

Release Notice. Releasor may initiate the assignment of the service rights it is seeking to release and assign by electronically transmitting the information specified below to Transporter's EBB ("Release Notice"). Such electronic Release Notice shall contain the following information regarding the capacity that Shipper is seeking to release: (1) Releasor's identity, the Rate Schedule under which Releasor seeks to release capacity, and the contract number assigned by Transporter to the Service Agreement under which ▇▇▇▇▇▇▇ seeks to release capacity; (2) whether release is on a temporary or permanent basis; (3) the numeric quantity on a per day basis for transportation, and the term (duration); (4) the receipt and delivery points; (5) any applicable recall provisions relating to the proposed release, and, if applicable, whether the Replacement Shipper will have the option to refuse the capacity after recall has ended and whether the Replacement Shipper may obtain a Voluntary Interruption Commitment with respect to the capacity subject to such recall pursuant to Section 15.6 of the General Terms and Conditions of Transporter’s Tariff; (6) any minimum conditions concerning the rate, term, or volume that the releasing shipper is willing to accept (and that Releasor wishes to have posted on Transporter's EBB), or a statement that it has separately revealed to Transporter any such minimum conditions, which shall be posted following the close of bidding; (7) whether Releasor will accept contingent bids for the capacity being released and, if so, all terms and conditions of acceptable contingencies including the manner in which such contingent bids will be evaluated; (8) for releases subject to maximum rates pursuant to Section 14.4 (e), the maximum reservation charge (including demand-type surcharges) applicable to the capacity being released; (9) the date and time of (i) the posting of the release notice on Transporter's EBB, and (ii) the close of the bidding for the released capacity; (10) whether the Releasor has a prepackaged arrangement to assign the service to a specified Replacement Shipper; and, if so, the identity, address, and telephone number of the designated Replacement Shipper and the price the prospective Replacement Shipper has agreed to pay under any such prepackaged arrangement; (11) objective criteria for evaluating responsive bids by potential Replacement Shippers and for breaking ties among highest bidders, to the extent that Releasor's criteria are at variance with the criteria established by Transporter in this Section; (12) the name, and Internet e-mail address or EDI/EDM Electronic Notice Delivery Mechanism of Releasor's designated contact person; (13) the rate basis on which bids for the released capacity are to be submitted; (14) whether bids for the released capacity are to be submitted on a fixed dollars and cents amount or on a percentage basis; and (15) whether the release is subject to an indemnification provision pursuant to which the initial Replacement Shipper indemnifies Releasor against any claims by successive Replacement Shippers relating to refunds (where Releasor has provided correctly calculated refunds to the initial Replacement Shipper), and all terms of any such indemnification provision. (16) whether the release is to an asset manager, as defined in Section 284.8 of the Commission's regulations. (17) whether the release is to a marketer participating in a state-regulated retail access program, as defined in Section 284.8 of the Commission's regulations. (18) whether the released capacity is subject to a Voluntary Interruption Commitment pursuant to Section 15.6 of the General Terms and Conditions of Transporter’s Tariff on any Gas Day during the term of the release and, if so, the VIC Quantity expressed as the mainline capacity, Receipt Point(s), and Delivery Point(s) to which the VICs will apply and the Gas Days during which the VICs will apply.

Release Notice. Releasor may initiate the assignment of the service rights it is seeking to release and assign by electronically transmitting the information specified below to Transporter's EBB ("Release Notice"). Such electronic Release Notice shall contain the following information regarding the capacity that Shipper is seeking to release: (1) Releasor's identity, the Rate Schedule under which Releasor seeks to release capacity, and the contract number assigned by Transporter to the Service Agreement under which ▇▇▇▇▇▇▇ Shipper seeks to release capacity; (2) whether release is on a temporary or permanent basis; (3) the numeric quantity on a per day basis for transportation, and the term (duration); (4) the receipt and delivery points; (5) any applicable recall provisions relating to the proposed release, and, if applicable, whether the Replacement Shipper will have the option to refuse the capacity after recall has ended and whether the Replacement Shipper may obtain a Voluntary Interruption Commitment with respect to the capacity subject to such recall pursuant to Section 15.6 of the General Terms and Conditions of Transporter’s Tariff; (6) any minimum conditions concerning the rate, term, or volume that the releasing shipper is willing to accept (and that Releasor wishes to have posted on Transporter's EBB), or a statement that it has separately revealed to Transporter any such minimum conditions, which shall be posted following the close of bidding; (7) whether Releasor will accept contingent bids for the capacity being released and, if so, all terms and conditions of acceptable contingencies including the manner in which such contingent bids will be evaluated; (8) for releases subject to maximum rates pursuant to Section 14.4 (e), the maximum reservation charge (including demand-type surcharges) applicable to the capacity being released; (9) the date and time of (i) the posting of the release notice on Transporter's EBB, and (ii) the close of the bidding for the released capacity; (10) whether the Releasor has a prepackaged arrangement to assign the service to a specified Replacement Shipper; and, if so, the identity, address, and telephone number of the designated Replacement Shipper and the price the prospective Replacement Shipper has agreed to pay under any such prepackaged arrangement; (11) objective criteria for evaluating responsive bids by potential Replacement Shippers and for breaking ties among highest bidders, to the extent that Releasor's criteria are at variance with the criteria established by Transporter in this Section; (12) the name, and Internet e-mail address or EDI/EDM Electronic Notice Delivery Mechanism of Releasor's designated contact person; (13) the rate basis on which bids for the released capacity are to be submitted; (14) whether bids for the released capacity are to be submitted on a fixed dollars and cents amount or on a percentage basis; and (15) whether the release is subject to an indemnification provision pursuant to which the initial Replacement Shipper indemnifies Releasor against any claims by successive Replacement Shippers relating to refunds (where Releasor has provided correctly calculated refunds to the initial Replacement Shipper), and all terms of any such indemnification provision. (16) whether the release is to an asset manager, as defined in Section 284.8 of the Commission's regulations. (17) whether the release is to a marketer participating in a state-regulated retail access program, as defined in Section 284.8 of the Commission's regulations. (18) whether the released capacity is subject to a Voluntary Interruption Commitment pursuant to Section 15.6 of the General Terms and Conditions of Transporter’s Tariff on any Gas Day during the term of the release and, if so, the VIC Quantity expressed as the mainline capacity, Receipt Point(s), and Delivery Point(s) to which the VICs will apply and the Gas Days during which the VICs will apply.