Staged Contract Clause Samples

A Staged Contract clause defines a contractual arrangement where the project or services are divided into distinct phases or stages, each with its own deliverables, timelines, and approval processes. Typically, the completion and acceptance of one stage are required before the next stage can begin, and payment may be tied to the successful completion of each phase. This structure allows both parties to manage risk and resources more effectively, providing clear checkpoints for progress and opportunities to reassess or terminate the contract if necessary.
Staged Contract. FT-1-FPS shippers whose upstream supply of volume is staged pursuant to a full path transportation service agreement must also stage their contracted capacity in periodic tranche capacity commitments (the Staged Capacity Profile”) matching the upstream volume staged capacity profile. Each year Transporter shall only be required to transport for the shipper the volume committed by shipper in its Staged Capacity Profile for that year.
View SourceView Similar (2)
Staged Contract. FRS Zone 1 and FRS Zone 2 shippers who contract for fifty-nine months or more for capacity averaging 2,8001,400 103m3/d (10050 mmcf/d) or more for the term of the Transportation Agreement at one or more receipt points may stage their contracted capacity in annualizedperiodic tranche capacity commitments, provided that: (i) the Shipper commits to the staged capacity profile ("Staged Capacity Profile") at the commencement of the term of the Precedent Agreement which provides the volumetric commitments for each tranche for the term and the time at which each such tranche will begin and end during the term, and (ii) the first tranche of the Staged Capacity Profile shall commence December 1, 20152015, and each subsequent tranches in the Staged Capacity Profile shall commence on November 1 of each subsequent gas year for the term of the staged contractand/or on one other date during each gas year for the term as specified by ▇▇▇▇▇▇▇ in the Staged Capacity Profile. Notwithstanding the Shipper's average capacity over the term of the Transportation Agreement, each year Transporter shall only be required to transport for Shipper the volume committed by shipper in its Staged Capacity Profile for that year. The FRS Zone 1 or FRS Zone 2 toll for Staged Contracts will be the volume weighted average price for all tranches over the term of the contract. For example a shipper with the following production profile (volumes in 103m3/d): YearStart Date End Date # Months Volume Dec 1/2015 Oct 31/2020 59 2,1001,000 2Nov. 1/2016 Oct. 31/2020 48 3,500500 3May 1/2017 Oct 31/2020 42 4,100300 4Nov 1/2017 Oct 31/2018 12 4,100200 Annual Average 3,4601,634 would be deemed to have a 34-stage contract: a fifty-nine (59) month tranche for 2,1001,000 103m3/d, a forty-eight (48) month tranche for 1,400500 103m3/d, a forty-two (42) month tranche for 300 103m3/d and a twenty-four (24twelve (12) month tranche for 600200 103m3/d. The toll for the staged contract would be the volume weighted average for the three stages as per the formula below: SCT = (5yrVol x 5YrToll) + (3yrVol x 3YrToll) + (1yrVol x 1YrToll) (5yrVol+3YrVol +1yrVol) Where:
View SourceView Similar (2)

Related to Staged Contract

  • OGS Centralized Contract Terms and Conditions have been renumbered as depicted in the following chart: Current Amended Section Title 4.25 4.26 Severability 4.26 4.27 Entire Agreement

  • Service Contract The Parties intend this Agreement to be a “service contract” within the meaning of Section 7701(e)(3) of the Internal Revenue Code of 1986. Purchaser will not take the position on any tax return or in any other filings suggesting that it is anything other than a purchase of electricity from the System.

  • Contract Closure Contracting Officer shall give appropriate written notice to Purchaser when Purchaser has complied with the terms of this contract. Purchaser shall be paid refunds due from Timber Sale Account un- der B4.24 and excess cooperative deposits under B4.218.

  • PUBLIC CONTRACTS AND PROCUREMENT FRAUD Contractor represents and warrants that, within the three (3) year period prior to this Contract, neither Contractor nor its principals or affiliates: (a) have been convicted of or had a civil judgment rendered against them for commission of fraud or a criminal offence in connection with obtaining, attempting to obtain, or performing a public (federal, state, local, or tribal) contract or purchase order under a public contract; (b) have been in violation of federal or state antitrust statutes or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements or receiving stolen property; (c) have been indicted for or otherwise criminally or civilly charged by a government entity (federal, state, local, or tribal) with commission of any of the offense enumerated in subsection (b) of this provision; or (d) had one or more public contracts (federal, state, local, or tribal) terminated for cause or default.

  • Service Contracts (a) The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory, management and/or administrative services for the Trust or for any Series with any Person; and any such contract may contain such other terms as the Trustees may determine, including without limitation, authority for the Investment Adviser to determine from time to time without prior consultation with the Trustees what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust's investments, and such other responsibilities as may specifically be delegated to such Person. (b) The Trustees may also, at any time and from time to time, contract with any Persons, appointing such Persons exclusive or nonexclusive distributor or Principal Underwriter for the Shares of one or more of the Series or other securities to be issued by the Trust. Every such contract may contain such other terms as the Trustees may determine. (c) The Trustees are also empowered, at any time and from time to time, to contract with any Persons, appointing such Person(s) to serve as custodian(s), transfer agent and/or shareholder servicing agent for the Trust or one or more of its Series. Every such contract shall comply with such terms as may be required by the Trustees. (d) The Trustees are further empowered, at any time and from time to time, to contract with any Persons to provide such other services to the Trust or one or more of the Series, as the Trustees determine to be in the best interests of the Trust and the applicable Series. (e) The fact that: (i) any of the Shareholders, Trustees, or officers of the Trust is a shareholder, director, officer, partner, trustee, employee, Manager, adviser, Principal Underwriter, distributor, or affiliate or agent of or for any Person with which an advisory, management or administration contract, or Principal Underwriter's or distributor's contract, or transfer, shareholder servicing or other type of service contract may be made, or that (ii) any Person with which an advisory, management or administration contract or Principal Underwriter's or distributor's contract, or transfer, shareholder servicing or other type of service contract may be made also has an advisory, management or administration contract, or principal underwriter's or distributor's contract, or transfer, shareholder servicing or other service contract, or has other business or interests with any other Person, shall not affect the validity of any such contract or disqualify any Shareholder, Trustee or officer of the Trust from voting upon or executing the same, or create any liability or accountability to the Trust or its Shareholders, provided approval of each such contract is made pursuant to the applicable requirements of the 1940 Act.